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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
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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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