Bamboo Innovator Daily Insight: 8 Apr (Wed) – How Warren Buffett defines success: True success comes from working for a purpose greater than your own well-being. “The most important takeaway is that you should always try to be a good person

Life

• How Warren Buffett defines success: True success comes from working for a purpose greater than your own well-being. “The most important takeaway is that you should always try to be a good person: BI
• Warren Buffett: The Problem With 200 Page Manuals on Behavior; “I don’t believe in 200-page manuals because if you put out a 200-page manual, everybody’s looking for loopholes basically.” Farnam
• Bill Gates has a perfect explanation of the difference between him and Steve Jobs: BI
• The secret to earning Steve Jobs’ trust, summed up in one paragraph: BI
• The strange rise of children’s books for adults, decoded: WaPo
• News Corp.’s $1 Billion Plan to Overhaul Education Is Riddled With Failures; Tablet computers and an online curriculum were supposed to help revolutionize schools. That hasn’t happened: Bloomberg
• Creative self-disruption (or how to adapt to rapid business change): Guardian
• Build an Organization That’s Less Busy and More Strategic: HBR
• Life’s Work: An Interview with Garry Kasparov: HBR
• Managing in an Age of Winner-Take-All: HBR
• Young People Need to Know Entrepreneurship Is Hard: HBR
• What Everyone Needs to Know to Be More Productive: HBR
• Middle managers who are a start-up’s unsung heroes; Hot start-ups poach savvy staff who become industry stars in their own right: FT
• Gone in 7 minutes: The Shinkansen cleaning crews: AsiaOne
• How our emotions transform mundane events into strong memories: TheAge
• CEO shares the 20 most important lessons he’s learned in 20 years of business: BI

Investing Process

• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter 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
• Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk? “Emphasis of matter” language predicts restatements + China Environment’s Auditor Emphasis of Matter: AsianExtractor
• Stupid errors in spreadsheets could lead to Britain’s next corporate disaster; Large firms have failed to learn lessons from Enron, one of the most famous cases of corporate fraid, where thousands of spreadsheet inaccuracies were later: Telegraph
• Charlie Munger — Part One: The Beginning: VW
• Does a happy employee make for a healthy stock price?: Reuters

Greater China

• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter 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
• Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk? “Emphasis of matter” language predicts restatements + China Environment’s Auditor Emphasis of Matter: AsianExtractor
• Robert Boxwell says dual-class share structures overly favour hi-tech types and don’t protect investors adequately, and the Hong Kong stock exchange would be ill-advised to allow them: SCMP
• U.S. Dot-Com Bubble Was Nothing Compared to Today’s China Prices: Bloomberg
• Why drone maker picked Shenzhen over HK: AsiaOne
• Industry 4.0 will mean demise of Chinese manufacturing: expert: WCT
• China will struggle to keep its momentum; As the economy slows, the demand for investment is likely to fall more than proportionately: FT

Japan & Korea

• Arrest warrant sought for Keangnam chief on suspicion of fraud and the embezzlement of company funds: KH
• Japanese robot-made eyeglasses combine the best of Warby Parker and Lenscrafters: Quartz
• Japan Inc says sayonara to culture of long working hours: FT

ASEAN

• China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter 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
• Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk? “Emphasis of matter” language predicts restatements + China Environment’s Auditor Emphasis of Matter: AsianExtractor
• Dr Mahathir admits country lost money when he was PM: AsiaOne
• Lee Kuan Yew District Stronghold in Singapore Faces First Contest in 27 Years: Bloomberg
• Indonesia’s currency fall exposes risks of capital flight: FT
• Launch of life insurance online portal spells lower premiums: BT
• How Big Data algorithms can bolster Singapore’s mortgage system: BT

Macro

• Repo Market Sees a Lending Shift as Rules Bite; Short-term loans known as repos increasingly come from sources other than brokers: WSJ
• Asia dominates US probes into transnational corporate corruption: SCMP
• After Viacom’s “Shocker”, These Companies Are Most At Risk Of Early Terminating Their Stock Buyback Programs: ZeroHedge
• Art: A market laid bare; An arrest over allegations of price fixing has increased calls for tighter regulation of the booming sector: FT
• Battered by currency swings, European firms unpick global production model: Reuters
• Measure for Measure, Index Funds Rule: NYT

TMT

• Swiss army knife maker plans foray into smartwatches: CEO: Reuters
• Move over Toronto: Montreal aims to become the wearable technology capital of Canada: FP
• In Rise of Yik Yak App, Profits and Ethics Collide: NYT
• Uber’s popularity surges; business travelers avoiding taxis: JP

Healthcare

• Big pharma turns to small biotechs for edge in cancer treatment: FT

Consumer & Others

• The Entertainer: inside the HQ of the UK’s growing toy empire; The family-owned, independent toy shop recorded sales of £140m in 2014 and shared out £1.5m bonuses among staff: Guardian