Bamboo Innovator Daily Insight: 9 Apr (Thurs) – The Power of Being Yourself: A Game Plan for Success–by Putting Passion into Your Life and Work

Life

• The most important thing Warren Buffett looks for in job candidates: BI
• Peter Thiel on the Future of Innovation: Medium
• Five lessons from Lego: TheAge
• Why Google CEO Larry Page personally reviews every candidate the company hires: BI
• The unconventional strategy Sara Blakely used to launch her billion-dollar business: BI
• Financial Startups Make the Jump Without a Net; Many former Wall Street executives have found the everyday realities and autonomy can be jarring at times: WSJ
• Building Relationships in Cultures That Don’t Do Small Talk: HBR
• 8 Reasons Companies Don’t Capture More Value: HBR
• Good Leaders Aren’t Afraid to Be Nice: HBR
• Measuring the Return on Character: HBR

Books

• The Power of Being Yourself: A Game Plan for Success–by Putting Passion into Your Life and Work: Amazon, FT

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
• Revised Auditing Standard Puts Onus on Auditor to Read Annual Reports: AT
• Charlie Munger — Part Two: Quality Over Value: VW
• Bryan Johnson: Why 89% Of All Hedge Funds Never Get Over $100m: VW

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
• Winsway Missed Bond Payment Heightens Chinese Default Risk: Bloomberg
• More high-cost Chinese iron ore mines to be shut this year as prices tipped to sink further: SCMP
• Alibaba folds film production financing, investment operations into Alibaba Pictures: SCMP
• China: Projections of power; Double-digit increases in defence spending alarm China’s neighbours but budgets and troop levels only tell half the story: FT
• Chinese Stock Buying Frenzy Sweeps Into Hong Kong: WSJ
• Chinese dual-listed firms fuel Hong Kong stock-buying frenzy: SCMP
• How China Wants to Overhaul its $16 Trillion Corporate Monster: Bloomberg

India

• Raju found guilty in Satyam scam but size of sentence is what really matters; Harvard’s corporate governance professor Krishna Palepu, an independent director at Satyam, has been asked to disgorge nearly half a million dollars in excess remuneration paid by the company; Satyam’s Raju, Nine Others Found Guilty of Fraud; An Indian court pronounced Ramalinga Raju guilty of fraud in connection to a $1 billion-plus accounting scandal: Firstpost, WSJ, FT
• Urban Ladder raises Rs 300 cr in funding round led by Sequoia Capital; Ratan Tata-backed online furniture company plans to scale up its technology platform to boost growth: Forbes
• How India’s First Bollywood Blog Turned Into A Media House: A Question and Answer With MissMalini: Forbes
• India’s Push for Banks for All Leaves Some Still Outside; Stories of Bribes, Duplicate Accounts Complicate Government Effort: WSJ

Japan & Korea

• Ex-Keangnam chief found dead; He allegedly embezzled 25 billion won from the fund and was engaged in fraudulent accounting to the tune of 950 billion won. KT
• Japan needs a working hours overhaul; The corporate culture the country is stuck with is unsuited to the challenges companies face: FT
• 41 conglomerates under tight scrutiny for heavy debts: KH
• Watchdog vows to stamp out what it called the “five evil financial practices” including financial fraud.: KH
• Hyundai steels itself to fight Posco: JA
• Tale of political corrosion at Posco; Symbol of nation’s industrial miracle must assert its independence from government meddling: JA
• Beaten at his own game: Brian Kim is the godfather of mobile-messaging apps; Korea’s greatest entrepreneur started the global mobile-messaging gold rush five years ago. Now he’s a surrounded underdog. What happened?: Forbes
• Billionaire Rides K-Beauty Boom That Began in Grandma’s Kitchen; Harnessing Korea’s cultural momentum, Suh Kyung Bae has turned his family’s cosmetics company into a Pan-Asian powerhouse-and a favorite of investors. Bloomberg

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
• Well-educated, well-paid S’poreans but mired in debt: JP
• Fourth Generation: Caroline Link is Being Groomed To Run Thailand’s B. Grimm: Forbes

Macro

• Switzerland is first with 10-year bond at negative yield; Until Wednesday, no country had ever sold 10-year debt that gives investors a yield of below 0%. WSJ
• Post-Crisis Risk Casts a Darkening Shadow; Regulators’ banking safeguards drive an increasing amount of financial activity away from conventional venues: WSJ
• Rare Rembrandts to Leave France Too Cash-Strapped to Retain Them: JG
• Regulate the Carry Trade: PS

TMT

• Apple Watch Review: The Smartwatch Finally Makes Sense; If you can tolerate its flaws, you can wear the future on your wrist and keep your iPhone in your pocket: WSJ
• There’s an insane amount of detail in the Apple Watch: BI, Wired
• Apple may have bought a keyboard app that tracks your fingers as you type: BI
• How the CEO of the most valuable private tech company in the world is inspired by Ayn Rand: BI
• LinkedIn just bought subscription-based online learning company Lynda for $1.5 billion: BI
• Tech industry and universities clash over US patent law: FT
• Rise of the 3D printing machines; ‘Terminator’ technology threatens manufacturing pioneers: FT
• The rebirth of StoryCorps: Surprises so far with the release of our app: TED
• Get rid of parking woes with Singaporean IoT startup SurePark: e27
• Apple faces local battles as it prepares global payments push: Reuters
• A Consumer-Drone Pioneer: ‘We’re Learning as We Go’; Jordi Muñoz was a founder of 3D Robotics along with Chris Anderson: WSJ
• What the Apple Watch Does Best: Make You Look Good; Apple isn’t just selling some wrist-worn computer, it’s selling good looks and coolness, too: WSJ

Energy & Commodities

• Argentina’s soyabean “stocks bubble” is about to burst as the country’s farmers are set to sell their crops to support their dwindling incomes. FT
• The Oil Industry’s $26 Billion Life Raft: Bloomberg

Consumer & Others

• Hershey Wants to Get Americans Chewing: Bloomberg
• The end of the Coke era: BI
• How Aldi sells groceries for cheaper than Wal-Mart or Trader Joe’s: BI