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Morning Bamboo Insight: 25 Aug 2014

Morning Bamboo Insight: 25 Aug 2014

Macro

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

http://business.financialpost.com/2014/08/18/auditors-under-increased-scrutiny-as-pwc-fined-us25m-for-improperly-altered-report/

  1. When creative destruction becomes creative devastation

http://ftalphaville.ft.com/2014/08/22/1938291/when-creative-destruction-becomes-creative-devastation/

Asia Pacific

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

http://news.asiaone.com/print/news/asia/new-face-indonesian-politics-st-interviews-jokowi

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

http://news.asiaone.com/print/news/asia/all-cabinet-decisions-will-be-made-me-says-jokowi

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

http://www.reuters.com/article/2014/08/21/us-china-markets-otc-idUSKBN0GL26920140821

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

http://www.reuters.com/article/2014/08/24/us-indonesia-mining-insight-idUSKBN0GO01F20140824

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

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140823000073&cid=1503

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

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140824000003&cid=1206

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

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140824000002&cid=1202

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

http://www.project-syndicate.org/print/yu-yongding-warns-that-unless-officials-stem-the-rise-in-corporate-leverage–economic-crisis-is-inevitable

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

http://www.forbes.com/sites/ywang/2014/08/21/how-a-chinese-meat-processor-survives-the-shanghai-husi-scandal/print/

  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.

http://www.thejakartaglobe.com/news/extra-time-jokowis-presidency-still-settled/

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

http://business.asiaone.com/print/news/japan-outdoes-korea-self-made-billionaires

Life

  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?”

http://www.bbc.com/future/story/20140815-how-do-thoughts-form?utm_source=farnamstreet&utm_medium=email

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

http://www.npr.org/2013/01/18/169708761/edward-tufte-wants-you-to-see-better

  1. How To Think

http://www.farnamstreetblog.com/2014/02/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”

http://www.farnamstreetblog.com/2014/08/steve-jobs-on-creativity/

  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.

http://www.farnamstreetblog.com/2014/08/lincoln-on-leadership/

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

http://www.amazon.com/exec/obidos/ASIN/0061336467

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

http://www.amazon.com/exec/obidos/ASIN/0195365569/

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

http://www.amazon.com/exec/obidos/ASIN/0887309585/

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

http://www.amazon.com/exec/obidos/ASIN/097913630X/

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

http://www.amazon.com/exec/obidos/ASIN/0887306292/farnamstreet-20

  1. Books – Judgment in Managerial Decision Making

http://www.amazon.com/exec/obidos/ASIN/1118065700/

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

http://www.amazon.com/The-Blind-Watchmaker-Evidence-Evolution/dp/product-description/0393315703/

  1. Mortal Inspiration from the Gods of Venture Capital

http://www.institutionalinvestor.com/Popups/PrintArticle.aspx?ArticleID=3372018

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

http://www.amazon.com/Fortunes-Formula-Scientific-Betting-Casinos/dp/product-description/0809045990/

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

http://25iq.com/2014/08/16/a-dozen-things-ive-learned-from-paul-graham-2/

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

http://www.telegraph.co.uk/finance/personalfinance/investing/11048689/108-year-old-investor-I-doubled-my-money-in-1929-crash-and-Im-still-winning.html

  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

http://online.barrons.com/news/articles/SB50001424127887324616904580108330021565828?mod=BOL_hp_mag

TMT

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

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140823000085&cid=1206

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

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140823000030&cid=1203

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

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140824000024&cid=1202

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

http://fortune.com/2014/08/14/digital-reasoning-cognitive-computing/

Consumer

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

http://www.nytimes.com/2014/08/24/sunday-review/rethinking-eating.html?ref=opinion

  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

http://online.barrons.com/news/articles/SB50001424127887324616904580099770163197284

Healthcare

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

http://www.reuters.com/article/2014/08/23/us-india-health-corruption-idUSKBN0GN0HM20140823

  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

http://business.financialpost.com/2014/08/23/billionaire-eugene-melnyk-im-a-whistleblower-on-tax-allegations-against-valeant/

Investing Process

  1. Has Creative Destruction Become More Destructive?

http://papers.nber.org/tmp/57744-w20379.pdf

 

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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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