Bamboo Innovator Daily Insight: 6 Mar (Fri) – Warren Buffett: ‘I Consider Myself a Journalist’; The Hidden Co-Founder

Life

  • Warren Buffett: ‘I Consider Myself a Journalist’: Bloomberg
  • The Hidden Co-Founder: Techcrunch
  • Don’t Be Like Buffett. Be Like You: Bloomberg
  • Scientists discovered the personality trait that creative geniuses often share; why artists need such solitude: BI
  • Here’s how to properly shake hands in 14 different countries: BI
  • It takes the typical self-made millionaire at least 32 years to get rich; The romanticized notion of getting rich quick always finds an eager audience. BI
  • Reid Hoffman’s Two Rules for Strategy Decisions: HBR
  • Warren Buffett’s 50th annual missive to his company’s shareholders obfuscates rather than illuminates: Economist
  • The Innovation Game: Adobe’s New Strides To Keep Employees Engaged: Forbes
  • Brain evolution and disease: A Faustian bargain; Could the key to the evolution of the human brain be found in a dreadful illness?: Economist
  • The quantified serf: Management by goal-setting is making a comeback, its flaws supposedly fixed: Economist
  • Shake Shack’s Secret Sauce? It Cares. Strategy&
  • The Ottoman Empire: Heading towards disaster; How a multinational Muslim empire was destroyed by the first world war: Economist
  • Blackwell’s David Prescott weathers the storm in a bookshop; Chief executive would still recommend trade to his children: FT
  • Profile: Mikhail Fridman — from rugs to riches; the Russian billionaire, who has earned a reputation as a fierce corporate fighter, is taking on the UK government: FT
  • Suharto’s Favorite Tycoon; Liem Sioe Liong’s business empire survived some of the most turbulent moments of 20th-century Indonesian history. WSJ
  • Are Asian family companies leaders in innovation?: SCMP
  • Economists’ Biggest Failure: Bloomberg
  • Does the Social Safety Net Make Us Lazy? Or Promote Greater Entrepreneurship?: Bloomberg
  • The Little-Known $15 Billion Empire Of Africa’s Richest Man: Forbes
  • Is chief information officer a dead end on the path towards becoming CEO? Richard Umbers joined a small club of CIOs who’ve been elevated to the CEO role after Myer revealed its supply chain and information boss would replace the incumbent: TheAge

Investing Process

Greater China

  • Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
  • Exchange questions Hanergy as speculative bubble grows: SCMP
  • 3 Chinese companies in debt defaults in 2014: SCMP
  • E-Commerce Giants, Gov’t Create New Markets in China’s Rural Areas: Caixin
  • Alibaba Expanding E-Commerce Hurts Department Store Bonds: Bloomberg
  • A Reform Test for Beijing: Will the Communist Party back state or private enterprises?: WSJ
  • China Said to Tax Past Capital Gains by International Funds: Bloomberg
  • Chinese Premier Li Keqiang lays out flaws in country’s economic model: FT
  • China on Long, Slow Road to Reform; New budget underscores preference for strong hand of the state over the marketplace: WSJ
  • Amazon Opens Store Inside Alibaba’s Tmall In China: WSJ
  • Hanergy chairman tightlipped on shares swings – but vows to launch solar-powered cars: SCMP
  • China securities regulator gears up to allow unprofitable firms to go public; First draft of a revised securities law scraps profit requirement on companies seeking IPOs: SCMP
  • Li Pledges to Raze Graft ‘Breeding Grounds’: Bloomberg
  • Chinese Lawmakers Hide Cigarettes and Alcohol as Xi Clamps Down: Bloomberg

Japan & Korea

  • Sony total-vision headset will be reality in 2016: JT
  • Addressing inequality, Japanese-style: PS
  • Japan Now Spends 43% Of Tax Revenue To Fund Interest On Debt: Zerohedge

ASEAN

  • Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?”: AsianExtractor
  • 1MDB sheds light, explains RM2bil debt,eyes listing; Malaysia’s 1MDB to be dismantled under debt plan: Star, Reuter
  • Indonesia Makes Play for Infrastructure Funding; Government pours cash into state firms; investors are doubtful: WSJ

Macro

  • Insider Trading Investigators Have a Blind Spot: Bloomberg
  • Foreign Tax Surprises Like Disney’s Have SEC Seeking Sunlight: Bloomberg
  • Global banks: A world of pain; The giants of global finance are in trouble: Economist
  • Nobody knows anything: Pension funds and endowments tend to rely on consultants to select fund managers. This is a mistake: Economist
  • Shades of grey still colour equity trading; Renewed risk-on, risk-off approach to markets could be a warning sign: FT
  • The ageing of EMs: service sector to the rescue? FT
  • China and India need to make their growth numbers add up; Many politely accept the official line but those with money on the line do not: FT
  • Stress tests for banks are a predictable act of public theatre; Once again the bankers are gaming the system by working out what regulators will do: FT
  • FCA takes aim at structured products after finding that investors significantly overestimated the returns they were likely to receive. FT
  • Ports Gridlock Reshapes the Supply Chain; More cargo is being shifted away from congested West Coast trade routes: WSJ
  • Currency warriors rise again: SCMP
  • The Biggest Banks Aren’t Ready to Shrink; New rules give big banks an incentive to shrink their balance sheets. But for most, massiveness remains part of the business plan: Bloomberg
  • We Tried to Re-Create JPMorgan’s Mutual Fund Returns and Gave Up; The bank’s impressive mutual-fund-group performance figures come with little explanation: Bloomberg
  • Citigroup Lost $800 Million on Holding in Turkey’s Akbank: Bloomberg
  • Is JPMorgan Fabricating Its Mutual Fund Returns?: Zerohedge

TMT

  • Googledome, or temple of doom? Tech firms are building pharaonic head offices again: Economist
  • The curse of the top dog: Apple’s low price-earnings ratio reflects understandable scepticism: Economist
  • E-commerce in South-East Asia: Home-field advantage; The global online-shopping giants may not find it easy to conquer the region: Economist
  • 3D printing: Entering the jet age; Aircraft engines may soon be built one layer at a time: Economist
  • Apple Pay Stung by Low-Tech Fraudsters; Transactions involved credit-card data stolen in retailer breaches: WSJ
  • This Venture Capitalist Says We Have Entered a Tech Bubble: Bloomberg
  • Apple Watch is competing as a fashion accessory, and that’s a risky move: WaPo
  • Apple’s rivals hope its Watch will boost their own wearable tech: Reuters
  • For the ‘unbanked’, mobile money still has some way to go: Reuters
  • The new ‘Horsemen of the Nasdaq’ – how long will they ride?: Reuters
  • Mark Cuban Warns: This Bubble Is Far Worse Than The Tech Bubble Of 2000: Zerohedge

Energy & Commodities

  • Australian mining slowdown hits Aggreko: FT
  • Oil Bust Threatens CMBS in Wall Street Funded Shale Towns: Bloomberg
  • Will Tesla Ever Make Money? Sure, Elon Musk makes great cars, but investors are wondering when his company will turn a profit. Bloomberg

Healthcare

  • Many in U.S. live too far from advanced stroke care: Reuters
  • Biotech Bidding War Yields Rich Price; AbbVie to pay $21 billion for Pharmacyclics, reflecting promise of cancer drug: WSJ
  • Inside the $21 Billion War for a Blockbuster Cancer Drug: Bloomberg

Consumer & Others

  • Outsiders Tried but Failed to Make It Big in Furniture; General Mills, Masco and S&H Green Stamps creator flopped or gave up when profits proved slim: WSJ
  • U.S. Furniture Survivor Tries to Go Global; As family-owned Ashley outgrows the McMansion, it turns its sights on Asia: WSJ
  • Coca-Cola Makes Over Look of Cans to Shake Calorie Stigma: Bloomberg
  • Lego Seeks a Little Help From Elf Friends to Reignite Franchise: Bloomberg
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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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