Bamboo Innovator Daily Insight: 5 Mar (Thurs) – How to follow in Warren Buffett’s big footsteps: It boils down to three precepts: be patient, be private and be peculiar

Life 

• How to follow in Warren Buffett’s big footsteps: It boils down to three precepts: be patient, be private and be peculiar: FT
• Warren Buffett’s Two Tips on Building Successful Businesses – Pass Them Along: Forbes
• Tech adoption at the top: analogue dogs need digital masters; how executives can reboot themselves and their companies: FT
• When good greed goes bad and what to do about it; Money and status are strong motivators that can be destructive: FT
• Olam CEO Sunny Verghese Says Short Sellers Have Role in Markets; Attacks on companies acceptable if made with ‘integrity’, says Verghese: WSJ
• Y Combinator’s Sam Altman On The Elements Of A Successful Startup: Techcrunch
• Day traders: “The chances they’ll end up a winner is less than the parts in a warehouse spontaneously assembling themselves into a beautiful girl.”: DailySpeculation
• The East India Company: The original corporate raiders: Guardian
• How the Kochs Wasted a Fortune: Bloomberg

Investing Process

• Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
• Changjiang Fertilizer chairman’s leave of absence prompts queries; Firm ‘unable to take a view’ whether chairman’s ‘personal matters’ will affect his character and integrity as a director: BT
• 21 inspiring quotes about markets and investing chosen by a top economist: BI
• How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge: Bloomberg
• Revenue recognition: New differences emerging: JOA
• The $62bn deferred tax secret of Warren Buffett’s success: FT

Greater China

• Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
• Chinese state media suggests retired general Guo Boxiong may be next to fall, after son comes under graft probe: SCMP
• China Rongsheng Suspends Warrant Issue as Investor Detained: Bloomberg
• Running after unpaid debts in China becoming difficult – Coface: SCMP
• Shanghai’s Free-Trade Zone Fails to Impress U.S. Companies: WSJ
• Foxconn Launches New E-Commerce Platform in China: WSJ
• Hanergy’s Li Hejun leaps to top of Forbes’ Chinese rich list: FT
• Noble with an iron helm: Communist Party’s buzzword du jour: WCT
• China’s Factories Are Building a Robot Nation: Caixin
• Liquidity evaporates in China as ‘fiscal cliff’ nears: Telegraph
• How Alibaba’s U.S. IPO Got the Company Ordered Out of Taiwan: Bloomberg
• China Loses Millionaires as Wealthiest Tempted Overseas: Bloomberg
• Macau Crackdown Brings Windfall for Casinos From South Korea to Cambodia: Bloomberg

India

• Biocon founder is India’s fourth-richest woman: FT
• Dilip Shanghvi overtakes Mukesh Ambani as richest Indian: Moneycontrol
• Modi Gives Last Chance for India Tax Evaders in $2 Trillion Hunt: Bloomberg
• In Mumbai, Eating That Steak Could Cost 5 Years in Jail: Bloomberg

Japan & Korea

• Samsung: Ring the changes: The South Korean group hopes the Galaxy S6 will help revitalise its fortunes as it shifts focus to the ‘internet of things’: FT
• Robots Take Tokyo as High-Frequency Equity Infiltration Hits 70%: Bloomberg

ASEAN

• Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
• Foreign Portfolio Investors Lose Faith in Indonesia’s Ability to Support the Rupiah: JG
• Astro wins a stunning reversal in legal battle with Lippo in HK: ST

Macro

• Tax havens linked to more than 40,000 London property; The secrecy surrounding foreign owners of high-value London properties has long given rise to suspicions of hidden corruption and money-laundering. FT
• Foreign companies registered in offshore tax havens like the British Virgin Islands own 36,342 buildings in London that could be used for illegal purposes, a report by Transparency International said: NYT
• Watchdog’s Hunt Is Short on ‘Wolves’; Finra program hasn’t barred any brokers tied to Stratton Oakmont from ‘Wolf of Wall Street’ fame: WSJ
• EQT is considering a sale of Classic Fine Foods, a Singapore-based importer and food distributor, in a US$300 million deal, joining the list of private-equity firms looking to exit investments in Asia in recent months: WSJ
• Stratfor has 11 alarming predictions for the next decade: BI
• The Fed’s magic tricks will not make risk disappear; Capital requirements are like rabbits pulled out of a hat, writes Frank Partnoy: FT
• Shipping industry faces shake up as private equity unwinds bets: Reuters
• Asia’s Cities Offer Glimpse of Heaven and Hell: Barron’s
• Petrobras Fallout Says One Good Thing About Brazil: Bloomberg
• ‘Almost all our wealth is in real estate’: Rising interest rates could devastate couple’s retirement: FP
• The real cost of a $1 million home: Toronto buyers resort to sub-prime loans as prices soar: FP
• This Fed Official Just Perfectly Described Why Student Loans Are a Terrible Investment: Bloomberg
• Buybacks at $46 Billion a Month Dwarf Everything in U.S. Market: Bloomberg
• Are bookkeepers the next financial planners?: TheAge
• Negative Rates Test Technology at European Banks; Headaches emerge from Sweden to Spain; a snag for floating-rate debt: WSJ

TMT

• Internet of Vehicles market expected to expand rapidly: WCT
• Old carmakers: we won’t be mere platforms for Google and Apple: BRW
• Solution to Nausea Puts Virtual Reality Closer to Market: NYT
• What Is the Next “Next Silicon Valley”?: NYT
• In Chase of Apple, Smartphone Makers Shift Strategies: NYT
• Google+, a Disappointment With a Purpose: WSJ
• Online Crafts Marketplace Etsy Files for IPO: WSJ
• Car Makers Embrace Wireless Phone Charging; Audi, GM, and Toyota see mobile power-ups as a way to attract technology-savvy buyers: WSJ
• Taylor Swift, Trademarks and Music’s New Branding Model: K@W

Healthcare

• Cholesterol-Cutting Statins Found to Raise Diabetes Risk by 46%: Bloomberg

Energy & Commodities

• Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices; CEO’s rebuilding of General Electric still hasn’t satisfied many investors, and now there’s this oil business: WSJ
• Petrodollar Mercantilism Explained In One Chart: Zerohedge

Consumer & Others

• The secretive snack company that Warren Buffett loves; Now that the world’s top investor has confessed his love for Utz, America’s largest privately-held snack maker is letting the secrets of its success out of the bag. Fortune
• Reebok’s Pump Is Back; Even though it never really went away: Bloomberg
• The secretive snack company that Warren Buffett loves; Now that the world’s top investor has confessed his love for Utz, America’s largest privately-held snack maker is letting the secrets of its success out of the bag. Fortune