Bamboo Innovator Daily Insight: 21 Mar (Sat) – Dear Teacher, A Video Game Developer Is A Real Job And Should Be Celebrated; Simply knowing that there is a framework of code behind Minecraft or Crossy Road is nearly as important as knowing how to code it. This knowledge removes the mysticism of computers

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is down on technical issues and we are trying to resolve the problem asap.

Life

  • Dear Teacher, A Video Game Developer Is A Real Job And Should Be Celebrated; Simply knowing that there is a framework of code behind Minecraft or Crossy Road is nearly as important as knowing how to code it. This knowledge removes the mysticism of computers: Techcrunch
  • Why engineers loved working for Steve Jobs; Steve challenged them in ways they had never imagined. No one else in the computer business had such radical goals and expectations; no one else seemed to care so much about their work. BI
  • Jony Ive describes the moment he stopped fearing Steve Jobs; “But to hear his introduction of me to the whole of Pixar, I realized that he really understood what I was try to achieve at an emotional level. At some level, he know what I was trying to articulate”: BI
  • Students learn on own initiatives: KT
  • Finding Success, Well Past the Age of Wunderkind; Through the arts, education and other pursuits, more people are experiencing late-life rebirths that are rewarding creatively, emotionally and spiritually. NYT
  • Jokowi Jets to Yogya to Reflect on Meaning of Life: JG
  • 10 Steps to Access Your Goodness and Change Your Life: TinyBuddha
  • Why You Shouldn’t Wait For Others to Validate Your Decisions; “Do not let another day go by where your dedication to other people’s opinions is greater than your dedication to your own emotions!”: TinyBuddha
  • Why We Get Attached to Our Struggles and Who We Could Be Without Them: TinyBuddha
  • Freeing Yourself from Fear: 4 Lessons from Anxiety;  “The only journey is the one within.” ~Rainer Maria Rilke: TinyBuddha
  • Gilding the Sheepskin: It is possible to have a good life-even a great one-without attending the college of your choice. Who knew?: WSJ
  • Music Education Needs to Be a Click Away: WSJ
  • Cannibalisation the only way to beat cheaper competitors, says professor: SCMP
  • Why Islam Needs a Reformation: To defeat the extremists for good, Muslims must reject those aspects of their tradition that prompt some believers to resort to oppression and holy war: WSJ
  • How We Learn to Be Afraid of the Right Things: Alison Gopnik on research that shows how humans (and rats) set up protected spaces for children to deal with the dangerous adult world: WSJ
  • The Slippery Slope to Extinction: Neanderthals had bigger brains, sharper vision and were better adapted to the environment than homo sapiens. How did we replace them as Eurasia’s apex predator? WSJ
  • Young Financier’s Insurance Empire Collapses: Investments of insurance companies owned by Southport Lane Management were swapped for unusual and sometimes worthless assets: WSJ
  • Rise of the machines: is there anything to fear? What happens when ultra-intelligent computers begin to improve themselves? We should not assume they’ll have our best interests at heart: FT
  • Rifat’s prison sentence indicates front running’s time is up: FT
  • A degree of creativity; ‘Vocational degrees provide skills that can become outdated or be replaced by robots”: FT
  • The 3 most important things to know if you’re managing half a million employees: BI
  • How one man went from collecting unemployment to owning a burger chain with hundreds of locations: BI
  • What’s Wrong with Finance: MH
  • Overnight viral sensations: good lessons and great opportunities for marketers: NM

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
  • Audits alone can’t solve all: TheStar
  • Cash flow, and not cash, is king; 1MDB has cash and bank balances of RM3.85bil and another RM12.89bil of investments that are deemed as “available-for-sale” but had to rely on a RM950mil standby credit facility from the Government: TheStar

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
  • Goldin Financial’s meteoric gains raise questions over what is fueling the rally: WSJ
  • China Regulator Urges Caution as Stocks Jump to Seven-Year Highs: Bloomberg
  • China’s Trial-and-Error Economy: PS

Japan & Korea

  • Inside Korea’s DIY home decor craze; “Shoppers these days are disappointed when I only show them classic designs that they can find elsewhere. They’re all looking for something that’s one-of-a-kind.” : KH
  • Home furnishing market flourishes: Challenged by Ikea, Korean furniture makers transform into ‘lifestyle brands’: KH
  • Prosecution to seek warrant for POSCO E&C’s ex-Vietnam head: KH
  • Hyundai marks anniversary of founders’ death: JA

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
  • Malaysia has seen only small-scale forensic accounting cases, mostly in the form of investigation audits done on Practice Note 17 companies, which has surged since 2000. TheStar
  • Auditing the Auditor-General: Is the Public Accounts Committee equipped to assess the work of Ambrin who has been tasked with verifying the books of 1MDB from 2009?: TheStar
  • More moves to curb housing loans seen in Malaysia: TheStar
  • AEC effects unlikely to be seen for years, meet told: NM

Macro

  • Investors Embrace ETFs That Hedge Against a Strong Dollar; As the dollar has risen, investors have pumped billions into foreign-stock funds that shelter their returns from currency swings: WSJ
  • The Global VAT Craze: A new study shows how the value-added tax is rising world-wide. WSJ
  • While Regulators Fiddle, Avoid Getting Burned: WSJ
  • How to Pick a Stock Picker: It’s tough to predict which active manager will beat the market. Here’s one way to improve the odds: Look for low fees. WSJ
  • Newcomers jump into activist investing, eying returns and capital: Reuters
  • Why Washington drives innovators and entrepreneurs nuts: WaPo
  • How Scary Is the Bond Market?: PS
  • We’re Frighteningly in the Dark About Student Debt: NYT

TMT

  • Technical Hurdles Delay Drone Deliveries; Battery life and weather at least as daunting as pending regulation, say developers: WSJ
  • YouTube Wasn’t Created As A Music Service, We Turned It Into One: Forbes
  • Meet the man whose utopian vision for the Internet conquered, and then warped, Silicon Valley: WaPo
  • Here’s some interesting gossip about how Microsoft could make more money from Windows: BI
  • The tech formula: Nasdaq = small caps + Apple: FT

Healthcare

  • Japan’s outsized demand for fertility treatment helps explain why shares of OvaScience, a fertility company based near Harvard University in the U.S., have more than tripled this year : Barron’s1, 2

Consumer & Others

  • From Warren Buffett to Bill Gates: How auto dealerships are attracting a whole new class of investor: FP
  • Starbucks aims to brew the right thing; A model for those seeking to create brand ‘narrative’ in this brave new media world: FT
  • The fairytale success of Swarovski; The brand’s association with films and fashion has put sparkle into sales: FT
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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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