Morning Bamboo Insight: 25 Aug 2014

Morning Bamboo Insight: 25 Aug 2014


  1. Auditors under increased scrutiny as PwC fined US$25M for ‘improperly altered’ report

  1. When creative destruction becomes creative devastation

Asia Pacific

  1. (Isia) – New face of Indonesian politics: ST interviews Jokowi

  1. (Isia) – All Cabinet decisions will be made by me, says Jokowi

  1. (China) – China juices liquidity, and risk, at OTC exchange

  1. (Isia) – Behind Indonesia mining deal, newly minted minister and U.S. mining legend

  1. (China) – Premium baijiu brands bemoan loss of official patronage

  1. (China) – Zhongyi Jihang owners flee with RMB2bn of investors’ money

  1. (China) – Auto brands cut spare part prices in China amid probes

  1. (China) – China’s Fire Next Time; unless officials stem the rise in corporate leverage, economic crisis is inevitable–economic-crisis-is-inevitable

  1. (China) – How A Chinese Meat Processor Survives the Shanghai Husi Scandal

  1. Isia) – If Jokowi’s supporters thought that Constitutional Court ruling had removed the final obstacle standing between their man and the State Palace, they had underestimated the ability of Isian law to throw in one last Kafkaesque twist.

  1. (Japan/Korea) – Japan outdoes Korea in self-made billionaires


  1. How to speak the language of thought; We are now beginning to crack the brain’s code, which allows us to answer such bizarre questions as “what is the speed of thought?”

  1. Edward Tufte Wants You to See Better; “if you’re told what to look for, you can’t see anything else.”

  1. How To Think

  1. Jobs: “Creativity is connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. That’s because they were able to connect experiences and synthesize”

  1. Lincoln on Leadership: The probability that we may fall in the struggle ought not to deter us from the support of a cause we believe to be just.

  1. Books – The Language Instinct: How the Mind Creates Language

  1. Books – Martians of Science: Five Physicists Who Changed the Twentieth Century

  1. Books – Getting It Done: How to Lead When You’re Not in Charge

  1. Books – Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It

  1. Books – Hard Drive: Bill Gates and the Making of the Microsoft Empire

  1. Books – Judgment in Managerial Decision Making

  1. Books – The Blind Watchmaker: Why the Evidence of Evolution Reveals a Universe without Design

  1. Mortal Inspiration from the Gods of Venture Capital

  1. Books – Fortune’s Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

  1. A Dozen Things I’ve Learned from Paul Graham

  1. 108-year-old investor: ‘I doubled my money in 1929 crash – and I’m still winning’

  1. Writing a Bigger Book: Joel Greenblatt, manager of Gotham Asset Management and author of The Little Book That Beats the Market, diversifies much more in his newest fund offerings


  1. (China/Tech) – China’s top oil refiner Sinopec announced that it will cooperate with e-commerce website to expand its online-to-offline (O2O) business.

  1. (China/Tech) – Alibaba’s online financial service Zhaocaibao generates RMB11bn since April

  1. (China/Tech) – Illegal P2P car-sharing in China attracts venture capital

  1. Nothing to hide, everything to fear: Digital Reasoning is using military-grade tech to help banks sense trouble before it happens


  1. Rethinking Eating: Start-ups are engineering “meat” and “eggs” from pulverized plant compounds

  1. “We’re Glad to Have You Here”; Arne Sorenson, the first outsider to lead Marriott International, sees enormous opportunities to tap the travel boom in the developing world


  1. (India/Healthcare) – India reviews state hospitals to end widespread corruption

  1. The billionaire founder of Biovail Corp and Ottawa Senators owner alleges Valeant is ‘a house of cards’ masquerading as a Canadian company to dodge U.S. taxes

Investing Process

  1. Has Creative Destruction Become More Destructive?


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