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Bamboo Innovator Daily Insight: 7 Apr (Tues) – Local teachers need to be less risk-averse if Singapore wants an education system that creates innovators; The Secret To Never Being Frustrated Again; Keeping families together the key to children’s success; All I Really Need to Know I Learned in Kindergarten

Life

  • One CEO shares the best piece of leadership advice she’s ever received: ‘Every day when you go to work, you should ask yourself, What am I going to do for the fleet today?” BI, NYT
  • Local teachers need to be less risk-averse if Singapore wants an education system that creates innovators: CNA
  • The Secret To Never Being Frustrated Again: Barker
  • Keeping families together the key to children’s success: SCMP
  • Managing the Critical Voices Inside Your Head: HBR
  • 4 Steps to Dispel a Bad Mood: HBR
  • Stocks & Debts & Rock ’n’ Roll: On a tour of schools, this band sings first and then hits a personal-finance coda; Mr. Gooding shows students images of entertainers and athletes who made millions but went bankrupt, debunking myth that money solves : WSJ
  • In our next president, we need someone with a portion of Abraham Lincoln’s gifts – someone who is philosophically grounded, emotionally mature and tactically cunning. NYT
  • The Importance of Seeing the World in Shades of Grey: Insead
  • The Most Productive Ways to Disagree Across Cultures: Insead
  • Tech titans’ latest project: Defy death; For centuries, explorers have searched the world for the fountain of youth. Today’s billionaires believe they can create it, using technology and data. WaPo
  • The World’s Top 10 Most Innovative Companies Of 2015 In Music: FastCo
  • An American financier got entangled in the Middle East’s biggest banking collapse. How did he emerge with a fortune? NewYorker
  • Our gambling culture: The craving for immediate gratification has spread well beyond Wall Street. BlackRock chairman and CEO Laurence Fink argues such short-term thinking undermines social and economic health: McKinsey
  • Scam means thousands were sold useless insurance by salesmen from Combined Insurance: TheAge
  • CPIB rules of reporting may frighten away whistle-blowers: TODAY
  • Q&A: Brent Schlender and Rick Tetzeli, ‘Becoming Steve Jobs’: Fortune
  • Why We Give Great Advice To Others But Can’t Take it Ourselves: Forbes
  • A Dozen Things I’ve Learned from Startup L. Jackson About Venture Capital Investing and Startups: 25iq
  • Robot spiders could build the next generation of objects in space: Quartz
  • Scientists at MIT are designing bulletproof armor modeled on fish scales: Quartz
  • Why you should only hire people who thrive in adversity; Perfection is not about avoiding problems, it’s about solving them, says Oomnitza CEO Arthur Lozinski: e27
  • David Rosenberg reveals his most important investing lesson: A little history can go a long way: FP
  • In terms of ‘prestige,’ Google is now a ‘tier two’ employer, says recent comp sci grad: BI
  • Silicon Valley Star Search: Google spends twice as much on recruiting than the average company, even though it gets two million applicants a year. WSJ
  • The 2 best-selling books on Amazon right now are ‘adult coloring books’: BI
  • This may be the most ridiculous thing you’ll read in a Wall Street research note: BI
  • If Algorithms Know All, How Much Should Humans Help?: NYT
  • 5 things Elon Musk believed would change the future of humanity .when he graduated from university: BI
  • Never forget the powerful effect of being remembered; The more someone can recall all small talk at previous meetings, the more you like and trust them: FT
  • Turn the music off when you need to be your most creative; Naturally creative thinkers struggle to block out distractions: FT
  • Heads of business need neuroscience; The prefrontal cortex of coaches, marketers, executives and a few charlatans is lighting up: FT
  • How to Ace an Earnings Conference Call; Discussing financial results with investors on a company’s quarterly earnings conference call can be a nerve-racking ordeal, but some CFOs have found ways to minimize the risks of a slip-up. WSJ
  • Starbucks to Pay Full Cost of Online Degree for Employees: WSJ
  • Maybe Fund Data Should Include ‘Love Life’; Study finds that a hedge-fund manager’s returns suffer during marriage and divorce: WSJ
  • It’s Healthy to Put a Good Spin on Your Life; How we construct personal narratives has a major impact on our mental well-being: WSJ

Books

  • All I Really Need to Know I Learned in Kindergarten: Amazon
  • The Boy Who Harnessed the Wind: Creating Currents of Electricity and Hope: Amazon
  • 23 books to keep on the shelf of your doomsday bunker: BI

Investing Process

  • China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter in RMB127m unsecured and interest-free advances to sub-contractor raises more questions on potential accounting tunneling risk: AsianExtractor
  • 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
  • CFOs With Big Signatures More Likely to Misreport: CFO, SSRN
  • The Dark Magic of Month-End Trades; A new study describes the phenomenon and suggests a recipe to profit: WSJ
  • Instead of Attacking Insider Trading, Make Everyone an Insider; Preet Bharara could call off his crusade against a fuzzy crime if all investors were hit with a fire hose of data.: WSJ
  • BUFFETT: Volatility is not the same thing as risk, and anyone who thinks it is will cost themselves money: BI
  • Wall Street Law Firms Challenge Hedge-Fund Deal Tactic; Lawyers take issue with ‘appraisal arbitrage’ strategy: WSJ
  • Star Investors Reveal Their Hits and Misses; The hard lessons from Rob Arnott, Jeremy Grantham, Howard Marks and Jeffrey Gundlach: WSJ
  • CNBC Transcript: Berkshire Hathaway’s Warren Buffett and Larry Van Tuyl Sit Down with CNBC’s Becky Quick on “Power Lunch”: CNBC

Greater China

  • China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter in RMB127m unsecured and interest-free advances to sub-contractor raises more questions on potential accounting tunneling risk: AsianExtractor
  • 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
  • A Carson Block short has been frozen by the Chinese government, and the stock hasn’t traded at all today: BI
  • Chinese Defaults Head Into the Cloud; Cloud Live Says Will Miss Payment in 2nd China Onshore Default: WSJ, Bloomberg
  • Pearl River Delta to face ‘toughest’ year as orders fall: WCT
  • Winning Hand Lifts Playing Card Supplier Into China’s Billionaire Ranks: Forbes
  • Skimping on auto parts a problem in China: WCT
  • Kugou music service may take premature IPO gamble: WCT
  • ‘Elon Musk of China’ aims to give the world a commercial jetpack – but is it just flight of fancy?: SCMP
  • Thin veil of correctness covering pay cuts at state banks: SCMP
  • Hong Kong pension reform missing a key pillar: SCMP
  • Chart of the day: Bubble trouble builds for A shares: SCMP
  • Ikea at last cracks China market, but success has meant adapting to local ways: SCMP
  • Cloud Live Spooks Chinese Junk Bonds Amid Second Onshore Default: Bloomberg
  • Investors Unfazed by China Regulator’s Move to Control Margin Finance: Expanding form of securities lending has pushed Shanghai market to 7-year high: WSJ
  • The Secret to China’s Most Valuable Startup; Xiaomi reaches out to customers through parties and social media: WSJ
  • China’s War on Golf Courses: Bloomberg
  • Toilet revolution in China for tourism evolution: AsiaOne

India

  • New accounting rules will move India closer to IFRS: BS
  • India’s Private Equity Industry Shakes Off Its Doldrums: NYT
  • Cadbury hit with $92m tax bill in India over ‘phantom’ factory: FT
  • Delhi’s politicians pass the polluted buck; Indian capital’s toxic air is by some measures the world’s dirtiest: FT

Japan & Korea

  • South Korea Can’t Get Old Folks to Spend Their Savings: Bloomberg
  • McKinsey’s Growth Strategy (AKA ‘Fourth Arrow’) For Japan (I): Forbes
  • Lotte Mart, the third largest discount supermarket chain, will stock more of its own private label products because customers like them and they’re more profitable: JA
  • Viewed through a religious lens, Japan makes more sense: JT
  • Nippon Steel, Techint brawl in boardroom as company founders: JT
  • Under ‘Abenomics,’ rich thrive but middle class on precipice: JT
  • Japan must shut out short-term investors, says Orix founder: JT
  • World watches how Japan manages its ageing citizens: FT
  • The sun rises again for Japan tech: AFR
  • Japanese Universities Look to Get Schooled in Investing; They see a need to be more aggressive to ensure financial stability: WSJ
  • Why Wearing Makeup Helps This Man Trade Korea’s Hottest Stocks: Bloomberg

ASEAN

  • China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter in RMB127m unsecured and interest-free advances to sub-contractor raises more questions on potential accounting tunneling risk: AsianExtractor
  • 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
  • Property Zooms Ahead in Philippines; Overseas workers, employees in outsourcing fuel residential demand: WSJ

Macro

  • A Three-Pronged Front to Limit Shareholder Litigation: NYT
  • S&P 500 Rallying 206% Beats Wage Growth by Most in Five Decades: Bloomberg
  • How Brazil’s ‘Nine Horsemen’ Cracked a Bribery Scandal: WSJ
  • Algorithmic traders invade $42 trillion bond futures market: TheAge
  • U.S. Weighs Whether to Act or Wait on Insider Trading: NYT
  • Hedge Fund Legend Julian Robertson Warns Of A “Complete Explosion” Unless Fed Contains “Boiling, Bubble” Market: Zerohedge
  • RBA rates call disappoints but chase for yield rolls on: fund managers: TheAge
  • Bubble could burst on boom in bank compliance units: FT
  • Vexed questions on currency hedging; Is it better to suffer the slings and arrows of short-term money moves?: FT
  • Big bank brokers use decoys, spy tactics to go alone: Reuters
  • To Fix Water Crisis, Brazil Turns to Big Projects; A plan to tap a long-polluted dam to alleviate a punishing water shortage draws fire: WSJ
  • American Companies Are in Love With Themselves: Bloomberg

TMT

  • Amazon Woos EBay’s Once-Loyal Merchants With Faster Sales Growth: Bloomberg
  • What we’ve learned in five years with the iPad: WaPo
  • Call for Activism at IBM Is Likely to Go Unheard: NYT
  • A Decade On, YouTube Has 1 Billion Viewers, 1 Million Advertisers, And Millionaire Artists: Forbes
  • Scientists have invented an aluminum battery for smartphones that can be charged in one minute: FP
  • Computer transmission of human personalities not far off: inventor: JT
  • Why Detroit could be the next Silicon Valley (and vice versa): Fortune
  • As Bill Gates promised, Microsoft will soon have its own Apple Pay alternative: BI
  • This unknown Google exec fought a brutal internal battle, and now he controls a $60 billion business: BI
  • Dropbox confirms it’s been secretly working on a Google Docs and Evernote killer: BI
  • How the internet of things can speed up health delivery: FT
  • App groups race for a bite at Apple Watch: FT
  • New breed of open source start-ups eye rising revenues and IPOs: FT
  • Android Creator Andy Rubin Launching Playground Global; Firm to provide support, advice to tech startups making devices: WSJ
  • Six Reasons the Fast and the Furious Franchise Became an Unlikely Global Hit; How the action series beat the Hollywood odds: Bloomberg

Energy & Commodities

  • Canada’s oil, gas companies lack long-term strategy amid price plunge, survey shows: FP
  • Saudi strategy to retain oil dominance: FT
  • This Animated Map Shows How Moving Oil by Rail Exploded in the Past Five Years: Bloomberg

Healthcare

  • Local innovation repairs holes in the heart; For 10 years researchers at Admedus worked day and night trying to work out how to improve soft tissue repair in the human body. TheAge
  • Defeating Alzheimer’s by 2025 could be within reach: Quartz
  • A robotic glove designed to help stroke sufferers regain movement in their hands and rebuild their muscles has been developed: Reuters
  • A radical experiment tried to make old people young again – and the results were astonishing: BI
  • Simple phone calls help India to fight TB: FT
  • Opinion: Negotiation is best way to make drugs affordable: FT
  • Monday interview: Christophe Weber, CEO of Takeda, Japan’s biggest drugs company: FT
  • New Thinking on Sinus Infections: Waiting for an infection to go away on its own works almost as well as antibiotics??: WSJ

Consumer & Others

  • Warren Buffett Adds To Automotive Bets With $560 Million Axalta Investment; Warren Buffett’s deal for Axalta could impact public pensions: Forbes, Fortune
  • The Cheap Toys You Buy Your Kid Are Rarely Inspected: Bloomberg
  • 17 reasons Wegmans is the best grocery store in America: BI
  • Why McDonald’s Chicken McNuggets come in only 4 shapes: to ensure consistent cooking times for food safety in all McDonald’s restaurants: BI
  • The Evolving Automotive Ecosystem: WSJ
  • How Jessica Simpson Built a Billion-Dollar Fashion Empire: 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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