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Bamboo Innovator Daily Insight: 4 Mar (Wed) – Almost Half of Global Audits Have Problems; How Warren Buffett Does It: Going from “cigar butt” investing to the greatest conglomerate ever in 50 years.

Life

  • How Warren Buffett Does It: Going from “cigar butt” investing to the greatest conglomerate ever in 50 years. NYT
  • Almost Half of Global Audits Have Problems: WSJ
  • Most Internal Fraud Still Swept Under the Rug: CFO
  • UK auditors finding innovative ways to increase audit report transparency, says FRC: CGMA
  • The 2 unexpected traits of all great leaders: BI
  • Why Mark Zuckerberg thinks everyone can learn something from Pixar: BI
  • For Many Decisions, Just Go With the Flow; Letting your mind wander to a choice that you feel drawn to — rather than laboriously weighing all the options — is more than ample for many decisions. MIT
  • Competition at the digital edge: ‘Hyperscale’ businesses; Digitization is giving rise to a new form, with a scale and complexity that challenge managerial conventions. McKinsey
  • Patent trolls: Why no one likes them; Abuse of the patent system benefits neither inventors nor the economy at large: Economist
  • The long, unnerving history of the head transplant; Moral concerns are as great a barrier as surgical problems: FT
  • Business starts at school in this golden age for young founders; Helping children to master the art of assessing risk is vital: FT
  • A route to profit in the middle market; UK’s supermarkets show the key to success is to match a business’s position to its capabilities: FT
  • How a former high school math teacher earned $1 million teaching online coding courses: BI
  • English language skills helped me build my business: Alibaba CEO: ChinaPost

Greater China

  • Inside Alibaba, the Sharp-Elbowed World of Chinese E-Commerce: WSJ
  • Germany’s Siemens said it was investigating a media report that it boosted sales figures of its healthcare equipment in China by creating fake contracts: Reuters
  • China state-owned firms’ overseas assets are not audited: Xinhua: Reuters
  • China Shadow-Bank Risks Prompt Push for Insurer Buffers: Bloomberg
  • Snack brands bemoan lack of customer loyalty in China: WCT
  • China’s Debt Binge Spawns Asset-Backed Bond Boom: Credit Markets: Bloomberg
  • Billionaire Lawmakers Ensure the Rich Are Represented in China’s Legislature: NYT
  • Look Who’s Not Coming to China’s Party:  Business Leaders Sidelined by Graft: Bloomberg

India

  • India Seeks Trading Halts to Enable $11 Billion of Asset Sales: Bloomberg
  • Narendra Modi takes tough stance on Indians hiding ‘black money’: FT
  • Paper Boat bases future on India’s drinks nostalgia: Economist
  • India: if you can make it there . . .: FT
  • India’s Newest Billionaire, Subhash Runwal, Built A Property Empire From Nothing: Forbes

Japan & Korea

  • Lotte Group has been reported to be the sloppiest in disclosures among the country’s major conglomerates ― it was often late in disclosing important changes in management, and sometimes even omitted them. KT
  • Shin Dong-bin strives to shine through expansion; Following 8.1 trillion won merger spree, Lotte heir-apparent seeks father’s nod for succession: KH
  • Korea’s tough anti-graft bill passes Assembly: AsiaOne
  • South Korea Looks to Telemedicine for Economic Cure: WSJ

ASEAN

  • Hedge Funds Cry Foul Over Indonesian Debt Workout of PT Bakrie Telecom; they can’t vote on the workout arrangements because their defaulted notes were issued by an offshore special-purpose vehicle: Bloomberg
  • Rising Singapore interest rates sting mortgage borrowers: AsiaOne
  • Why Graft Is Declining In The Notoriously Corrupt Philippines: Forbes
  • Jokowi Puts Indonesia On Long Road To Growth: Barrons

Macro

  • Exchanges in Asia Seek to Counter China Stock Tie-Up: WSJ
  • World’s biggest banks still €300bn short of safe assets, says regulator: FT

TMT

  • Boom and Bust: Fab.com’s Fire Sale Is a Cautionary Tale: WSJ
  • A Mutual Fund That Fell to Earth After the Nasdaq Peak in 2000; SEC charged that the fund founders and Nevis Capital Management had violated the antifraud and reporting provisions of federal securities laws in using shares obtained in in IPOs to pump up the fund’s returns: WSJ
  • Peter Thiel: Google’s lucrative search monopoly may be about to end: BI
  • Fraud Starts to Take a Bite Out of Apple Pay: WSJ

Energy & Commodities

  • The Price of Oil Is About to Blow a Hole in Corporate Accounting: Bloomberg

Healthcare

  • The Next Marketing Frontier: Your Medical Records; Startup’s electronic-patient records alert doctors when vaccines are needed, with a nudge from Merck: WSJ

Consumer & Others

  • Finmeccanica: Growing by shrinking; Italy’s giant defence contractor takes an important step in its restructuring: Economist
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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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