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Bamboo Innovator Daily Insight: 13 Mar (Fri) – Avoiding Decision Paralysis in the Face of Uncertainty

Life

  • Avoiding Decision Paralysis in the Face of Uncertainty: HBR
  • Thinking beyond the checklist; “If we were to mock Singapore, we would say it is a nation of bankers and real-estate developers. What we would like to become is a nation of entrepreneurs.”: BT
  • Britain: a nation of makers, techies and job creators: Telegraph
  • At 85, Vanguard’s John Bogle still fighting hard for index investing; Elder statesman doesn’t mince words when discussing active management and worries about ETFs: IN
  • Does Berkshire’s Culture Ensure Its Future?: Strategy&
  • Why the business card is thriving in the electronic age: Economist
  • Horizontal gene transfer: Genetically modified people; Human beings’ ancestors have routinely stolen genes from other species: Economist
  • Workers of the gig economy, unite! Champion of freelancers says a collective identity is key: FT
  • Debunking myths in sheep land: Meet the innovators of New Zealand: e27
  • Apple’s Tim Cook ‘offered his liver to dying Steve Jobs’; Apple founder Steve Jobs angrily rejected Tim Cook’s offer of a transplant despite fears he would die: Telegraph
  • 15 Body Language Blunders Successful People Never Make: Forbes
  • Could tiny fish be the answer to China’s food safety woes? This Hong Kong start-up thinks so; Vitargent uses fish embryos to test for contaminants and toxins in consumer products: SCMP
  • An Unlikely Driver of Evolution: Arsenic: NYT
  • From the Gates Foundation, Direct Investment, Not Just Grants: NYT
  • ‘Catch Me If You Can’ Con Man Says Technology Aids Fraud: Bloomberg

Books

  • The Art of Stillness: Adventures in Going Nowhere: Amazon

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Noble Group Nobbled: A big Asian commodity-trader is attacked by an anonymous online critic: Economist
  • Noble’s concession gives clout to maverick researchers: Reuters

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Local-government debt in China: Swapping spree; The finance ministry moves to ease local governments’ money troubles: Economist
  • Financials Flash Warning Seen Before 2008 Mainland Slump: Bloomberg
  • Macau Boom-Bust Comes Full Circle Under Xi as $111 Billion Lost: Bloomberg
  • U.S. Founding Father Invoked as China Debates $4 Trillion Debt Pile; Although the government wants to avoid moral hazard of a bailout: Bloomberg
  • China’s Silicon Valley Sparking 49 Technology Startups a Day: Bloomberg
  • As China Sneezes, is Asia Catching a Cold? Bloomberg
  • Made in China? Asia’s dominance in manufacturing will endure. That will make development harder for others: Economist
  • China’s Alibaba drives into ‘Internet car’ industry: ChinaPost
  • Rongsheng Boss: Problems Linked to Blind Expansion, Gov’t Policies; Founder Zhang Zhirong blames debt problems on fact his company had too much on its plate when industry changed and a U-turn by officials: Caixin
  • Steelmaker Powerless as Iron Mines Sink Abroad: Caixin
  • China SOE’s restructuring leaves state ownership intact: FT
  • The contradiction at the heart of China’s new growth target; Rising debt levels threaten both financial and economic stability: FT
  • Princeling loses appeal over HK$43m ‘payment’ from Henderson Land Development for services related to a central government investigation of the Hong Kong-listed firm for violating Beijing’s foreign-exchange regulations. SCMP
  • Loan or bond, China’s banks still locked into local governments: SCMP
  • Warnings, Delays. Can Macau News Get Any Worse?: Barrons
  • Changes Afoot in Chinese Stock Market; Researchers say market, often seen as highly risky for outsiders, is functioning better: WSJ
  • At China Meeting, Karaoke Goes Quiet as Austerity Takes Over: WSJ
  • Are Chinese Tech Startups Overvalued? Companies, such as Dianping and Didi Dache, are raising cash at record pace from investors afraid of missing out: WSJ

India

  • Mumbai’s Beef Ban Sat for 20 Years Before Vegetarian Modi Acted: Bloomberg

Japan & Korea

  • Prosecutors raid POSCO E&C over alleged slush funds accumulated by exaggerating the amount the South Korean company needed to pay local subcontractors in Vietnam: KT
  • Foreigners Grab Japan Stocks as Topix Beats U.S. in Dollars: Bloomberg
  • In rare sign of dissent, investor calls for change at South Korea’s Hyundai Motor: Reuters
  • Japanese Banks to Ease Tourists’ ATM Frustrations; Three Biggest Banks Will Accept Foreign Cards at More ATMs: WSJ
  • South Korea’s tallest skyscraper rises in cloud of fear: Reuters
  • Japan’s Cautionary Tale for South Korea: Bloomberg

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • The Threat From Within Indonesia’s New Presidency; Voters were encouraged by Joko Widodo’s campaign of reform, but it looks like even he can’t escape Indonesia’s usual elite politics. WSJ
  • Trouble at home: Political instability returns to South-East Asia: Economist
  • Minister: 1MDB debt level not sustainable: Star
  • Personal loans’ long tenure will keep M’sian indebtedness high: BT
  • 1MDB saga extends to Swiss bank in S’pore: BT
  • Homeowners hit as Sibor rises to highest in seven years: TODAY

Macro

  • Are Currency Wars Looming in Asia?: WSJ
  • Calpers Projects 8% Decline in Fees to Wall Street Next Year as it liquidates its hedge-fund program: Bloomberg
  • The shipping industry: Low rates on the high seas; A slump in shipping rates reflects the chronic optimism of shipowners: Economist
  • How to fire up America: The rise of Latinos is a huge opportunity. The United States must not squander it: Economist
  • An ultra-low interest rate show that could run and run; Instead of Japanification, we should probably now switch to a new term: Europification: FT
  • Why the business of risk is booming; The US is unlikely to possess the capacity to shape 21st-century geopolitical order: FT
  • Investors in an unregulated oil scheme have alleged negligence in a lawsuit that they hope will establish the principle that “introducers” who informally endorse investments can be held responsible.: FT
  • Fraudulent mortgage applications on the rise; the tightening of lending criteria was a factor driving the fabrication of home loan details. FT
  • Asia Rushes to Lower Rates, but Maybe Not Fast Enough: NYT
  • WisdomTree Soars With Dollar as Hedged ETFs Lead Inflows: Bloomberg
  • Fed ‘Stress Tests’ Still Pose Puzzle to Banks; Goldman, J.P. Morgan and Morgan Stanley scaled back plans by at least $11 billion: WSJ
  • It’s Back: Your Guide to the $18 Trillion Debt Ceiling; Bigger than U.S. GDP, the debt limit returns with plenty at stake: Bloomberg
  • A Split Over Protecting Investors; The Labor Department is moving ahead of the SEC on broker rules; The financial industry is resisting attempts to require brokers to put clients’ interests ahead of their own.: Bloomberg

TMT

  • Wearable technology: The wear, why and how; For smartwatches and other wearable devices to become mainstream products will take more than just time: Economist
  • Data and technology are starting to up-end the insurance business: Economist
  • Data-driven underwriting contains great promise and grave perils: Economist
  • Apple Pegged To Bring Force Touch Pressure-Sensitive Input To Next iPhones: Techcrunch
  • Understanding Alibaba’s Snapchat Obsession: Techcrunch
  • Asia’s box office for movies is now bigger than America’s: Quartz
  • Op-ed: The death of Gigaom and the changing face of journalism: e27
  • The history of the iPod shows exactly why the Apple Watch will be huge despite what critics think: BI
  • From the cricket pitch to politics, the big data bandwagon rolls on: FT
  • Dotcom history is not yet repeating itself, but it is starting to rhyme: FT
  • How Cloud Companies Are Killing Checks; Cloud companies are finally pushing U.S. businesses beyond paper billing and payments; The $10 billion market for digital corporate payment processing is getting more competitive as the money rolls: Bloomberg
  • Why Asia’s Tech Giants Are Investing in U.S. Startups; Investments by Alibaba, Rakuten show willingness to spend big in U.S. for access to hottest technologies: WSJ
  • In smartwatch war, Swatch goes for cheap, quick and China: Reuters
  •  ‘Frozen 2’ Is In The Works; ‘Frozen’ Is Disney’s Triumphant Reaffirmation Of Its Cultural Legacy: Forbes

Healthcare

  • Actavis and the art of billion-dollar drug dealing; Brent Saunders generated $25 billion in value for investors by flipping drug companies rather than discovering new drugs. Is this the future of the pharmaceutical business?: Forbes

Energy & Commodities

  • Time for tough action to tackle logjam at LME: SCMP
  • Handful of supertankers holding oil as contango play fades: Reuters

Consumer & Others

  • Electrolux Has New Stab at Smart Home After Dot-Com Bust: Bloomberg
  • Aldi and Lidl: Tomorrow, not quite the world; The German discounters’ successful business model only stretches so far: Economist
  • Supermarkets must expect permanently lower profits – and their customers are to blame: Telegraph
  • Indian Motorcycles Adding Screens To Bikes. Really.: Forbes
  • Once Unique, LeapFrog Has Rivals in the Educational Toy Market: NYT
  • KFC faces pressure after McDonald’s says no antibiotics in chicken: Reuters
  • Why Electrolux wants to connect your appliances: TheAge
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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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