Bamboo Innovator Daily Insight: 30 Mar (Mon) – “Light that has guided us has been extinguished”, says PM Lee in eulogy of Lee Kuan Yew; “Mr. Lee taught people how to fish and brought fish to Singapore waters”; “What people think of it, I have to leave to them. It is of no great consequence. What is of consequence is, I did my best.”

Remembering Lee Kuan Yew

• Lee Kuan Yew: I did my best: AsiaOne
• “Light that has guided us has been extinguished”, “He wrote us long and thoughtful letters sharing advice on how to make our marriages successful,” says PM Lee in eulogy: AsiaOne
• “Mr. Lee taught people how to fish and brought fish to Singapore waters.” Singapore Turns Out for Lee Kuan Yew’s Funeral; Thousands line streets in tropical rain to say farewell to Singapore’s founding prime minister: WSJ
• Malaysians yearn for a Malay version of Mr Lee: AsiaOne
• The great American disconnect: In Silicon Valley, ‘fail harder’ is a motto. In Washington a single miscue can ruin your career: FT

Life

• Mental Models: The Mind’s Search Algorithm: Farnam
• The Books That Influenced Thomas Schelling: Farnam
• David Graeber: ‘So many people spend their working lives doing jobs they think are unnecessary’; The anarchist author, coiner of the phrase ‘We are the 99%’, talks to Stuart Jeffries about ‘bullshit jobs’, our rule-bound lives and the importance of play: Guardian
• Tycoon Li Ka-shing Looks to Israel for Innovation: WSJ
• To topple a dynasty: Kung Fu rebels and the cycle of history: Fightland
• A Special Forces Officer Teaches You 5 Secrets To Overcoming Adversity: EB
• Are you a leader, or just the boss?: FP

Books

• The Harvard Guide to Influential Books: 113 Distinguished Harvard Professors Discuss the Books That Have Helped to Shape Their Thinking: Amazon
• Simple Rules: How to Thrive in a Complex World: Amazon, RTM

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
• Investing in High Dividend Yield Stocks: a Sucker Bet?: AA

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
• This Magic Number Can Make or Break You in China’s Stock Market: Bloomberg
• Geely chairman Li Shufu attacks Beijing strategy on car industry; the shared equity structure with foreign brands had turned domestic manufacturers into spoilt children. FT
• Once Bitten, Not Shy. Retail Investors Fuel Surge in Chinese Stocks; Bounce back in Chinese stocks comes just a few years after 72% crash: WSJ
• Ageing population in China creates business opportunities: FT
• IDST: Alibaba’s most secretive department: WCT
• China’s stressed-out ‘millenials’ embrace Buddhism: CNN
• China’s Credit Overdose: PS

India

• Despite asset sales, debt-hit Indian firms in a bind; Market values of many remain lower than debt, making it difficult for firms to raise fresh equity: BS
• India to become 3rd largest auto manufacturer by 2020: Ford; “Bring people together, and work together, for something bigger than yourself.”: MC
• Why E-Commerce Can Be a Big Pain for India’s Deliverymen; Motorcycles go where trucks can’t, but drivers have to shoulder heavy backpacks filled with appliances, sometimes even dumbbells: WSJ

Japan & Korea

• Prosecutors raided the head offices of Dongkuk Steel, Korea’s third-largest steel company, and the residence of its Chairman Chang Sae-joo as part of a probe into allegations of embezzlement and tax evasion within the firm: KT
• Prosecutors are investigating allegations of fraudulent accounting at Keangnam Enterprises, a construction company at the center of a probe into the Lee Myung-bak administration’s failed “energy diplomacy.”: KT
• Hyundai Elevator Share Plan Frustrates Foreign Investors; Schindler Holding fails to stop Hyundai Elevator from revising rules on new shares: WSJ

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
• Growing pains at China’s baddest banks: SCMP
• Why the capital market in Indonesia is underdeveloped: JP
• Bauxite and the limits of resource nationalism: Reuters
• The myth of Thailand’s demographic doom: TODAY

Macro

• At U.S. Companies, Time to Coax the Directors Into Talking; Board members of European companies routinely make themselves available to investors, but their peers in the United States seem to fear such contact. NYT
• The Glory Days of Private Equity Are Over; Too many funds are chasing too few opportunities, and many of those will be too expensive. It won’t end well. WSJ
• Hedge fund manager who said ‘sorry’ for losing 99.7% of his clients’ money is now being investigated by the SEC and DOJ: BI
• “The Risks Are Very High” Swiss Billionaire Felix Zulauf Warns “Global Financial Markets Have Never Been This Distorted Before”: AM
• How DIY Bond Traders Displaced Wall Street’s Hot Shot Bond Dealers: Bloomberg
• Anxious? Dreaming of a better life? You must be on Aim: FT

Energy & Commodities

• Soybeans and Corn Locked in Food Fight; Dive in Prices Leads Farmers to Shift Away From Corn: WSJ
• Once-bullish fund managers start to capitulate on oil prices: Reuters

Healthcare

• Battling nightmare infections: US CDC’s plan to beat supberbugs: Reuters

TMT

• Google’s Tricky TV Audition: Google Fiber may help it break into the lucrative world of TV advertising, but significant hurdles remain: WSJ
• For Hardware Makers, Sharing Their Secrets Is Now Part of the Business Plan: NYT
• Secrecy on the Set: Hollywood Embraces Digital Security: NYT
• News Companies See Movies as Opportunity for Growth: NYT
• It’s Really Here: TV for Babies; Infants watch TV, despite pediatric advisory, so BabyFirst steps in: WSJ
• Google Moves to the Operating Room in Robotics Deal With J&J: WSJ
• What a $20 billion startup looks like when it’s just starting out, and everyone thinks the idea is stupid: Here’s Airbnb’s first-ever pitch deck: BI
• Amazon looked completely different 10 years ago – here’s what changed over the years: BI
• This company was 13 years early to virtual reality — and it’s getting ready to try again: BI
• How Jump On Flyaways aims to be the Uber of the skies: FP

Consumer & Others

• How Honey Butter Chips sold themselves; News of their novelty spread virally and Haitai cashed in: JA