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
Advertisements

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: