Bamboo Innovator Daily Insight: 14 Apr (Tues) – JK Rowling reveals what she wishes someone had told her when she was first starting out; “It would’ve really helped to have someone who had had a measure of success come say to me, ‘You will fail. That’s inevitable. It’s what you do with it.'” How Charles Darwin used rest to be more productive — and how you can, too

Life

• JK Rowling reveals what she wishes someone had told her when she was first starting out; “It would’ve really helped to have someone who had had a measure of success come say to me, ‘You will fail. That’s inevitable. It’s what you do with it.'”: BI
• How Charles Darwin used rest to be more productive — and how you can, too: WaPo
• Tips from Buffett, Bloomberg and Marina Abramović: Fortune
• How Bill Gates’ singular focus both helped and hurt Microsoft: BI
• There’s a funny reason why people didn’t understand how to use Google when it first launched: BI
• Mr Lee ‘was careful not to let personality cult grow around him’: TODAY
• Staying true to his ideals ‘best way to honour Mr Lee’: TODAY
• Cyber criminals lead race to innovate: FT
• Allowing disabled staff to flourish: ‘How do we make this work?’: FT
• Why lying is a taboo even for the smoothest operators: FT
• The faintly feudal life of a creative worker: FT
• Why investing in workers makes companies richer; Companies such as Costco, Trader Joe’s, Nordstrom, Zappos, Lego, and others have higher employee satisfaction and outperform their competitors even though they pay more to their employees.: BI
• Billionaire entrepreneur John Paul DeJoria shares his best advice for managers: BI
• On raising kids who are more than “hoop jumpers”: A teenage TED speaker’s mom on how she encourages her sons to innovate: TED
• Starting up is so painful, I will never want to do it again: GREE Founder: e27

Investing Process

• PCAOB Preparing New Rule for Audits of Accounting Estimates; The PCAOB staff plans to discuss auditors’ responsibilities for accounting estimates with the Standing Advisory Group in June. CFO
• Charlie Munger – Part Three: Sit On Your A$$: VW
• Value vs. Glamour Stocks: A Long-Term Worldwide Perspective by Brandes : Brandes

AsianExtractor: Unearthing Accounting Fraud in Asia

• China Environment FY2014: Significant Deterioration in Receivables Collectability And No Provision for Impairment: AsianExtractor
• 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

Greater China

• The largest loan guarantee company in the northern province of Hebei wobbles, worrying 50 Financial Institutions: Caixin
• China Junk Bonds Pose Most Risk Since ’04 on Credit-Quality Dips: Bloomberg
• China Walks $264 Billion Tightrope as Margin Debt Powers Stocks: Bloomberg
• Yum’s upmarket China diner seeks recipe for revival: Reuters
• Trade Groups Try to Stem New Chinese Bank-Tech Rules: WSJ
• Antibiotics abuse makes China’s pork industry a hotbed for drug-resistant bugs: CER
• The new paperless revolution in Chinese reading: HC
• Time Still Not Ripe for Apple Pay to Enter China Market; Latest operating system update for iPhones doesn’t support link with country’s bank cards as Apple’s talks with UnionPay and banks falter: Caixin
• China’s Best Bet: Doubling Down on Reform, Not Stimulus; Slowing growth isn’t a sign of disaster, but it also can’t be cured by pumping money. What’s needed is freedom. WSJ
• Shenzhen’s Overshadowed Stocks Surge; Chinese market gets less attention abroad than Shanghai, but has risen faster: WSJ
• China equity advance creates new corporate giants: FT
• Disappointment inevitable for those buying into China’s froth; Timing the exit from stock market bubble is almost impossible: FT
• Hong Kong becomes world’s largest exchanges operator: FT
• Auntie Bai brings rule of law to Chinese teatime TV; Television star claims that 90% of her litigants change their behaviour as a result of her show: FT
• Help Wanted: 25-Year-Old’s Phone Startup Seeks VC Funds: Bloomberg

ASEAN

• Mahathir ‘worried about getting arrested’ if opposition wins: TODAY
• Vietnam’s PM Orders Officials to Speed Up Privatizations: WSJ
• Noble’s chairman should not be on key committee, says proxy firm: FT
• S’pore businessman trips up Apple Watch launch; William Leong is said to own the Apple Watch trademark in Switzerland: BT
• Vietnam’s auto industry faces collapse risk: report: CP

TMT

• Breaking Up Qualcomm May Be Hard to Do; Investors, analysts are split on the merits of changes suggested by Jana: WSJ
• Apps to Track Exercise, Sleep Help Patients Participate in Clinical Trials; Smartphone data is used for crowdsourcing studies of diabetes, asthma, cardiovascular disease: WSJ
• New Robots Designed to Be More Agile and Work Next to Humans: WSJ
• IBM Positions Itself as Large Broker of Health Data; IBM partners with Apple, Johnson & Johnson, Medtronic to form Watson Health data venture: WSJ
• With Solo, 3D Robotics could bring the joy of aerial videos to the masses: WaPo
• Brave robots are roaming the oceans for science: Wired
• The world’s top-performing software company is in Malaysia: Bloomberg
• How Not to Be a Jerk While Wearing the Apple Watch: Bloomberg
• 3D Robotics Plans to Sell $1,000 Smart Drone in Best Buy Stores: Bloomberg
• Domestic automation: Robochef gets cooking; The ultimate kitchen gadget: a robotic chef: Economist
• Can Toronto-based InterAxon’s brain-sensing headband Muse help people relax?: FP
• Rise of streaming does not spell the end of TV, says Credit Suisse: TheAge
• Rakuten Is Looking To Acquire Online Content Firm PopSugar For $580 Million: Techcrunch
• IBM Creates Watson Health to Analyze Medical Data: NYT

Macro

• In Odd European Twist, Banks Owe Borrowers; Subzero rates have put some lenders in an inconceivable position: paying interest to those who have borrowed money from them: WSJ
• Greece prepares for debt default if talks with creditors fail: FT
• Bats may open doors for illiquid stocks by closing them; Proposal by the US stock exchange to turn away thinly-traded stocks could improve market liquidity: FT
• BATS wants to remove illiquid stocks from its exchanges: FT
• GE Capital tells a cautionary tale for shadow banks; Unit’s history is a warning against getting too big: FT
• STAN DRUCKENMILLER: The only way to win the hedge fund game is by being a ‘pig’: BI
• Why ETFs are becoming the Uber of the financial industry: FP
• Investor Ackman Says Student Loans Are Credit Market’s Biggest Risk: JG
• Immelt Unlearns Lessons from Citi’s Wriston as GE Exits Finance; Beyond regulation, GE’s exit from finance reflects the increased risk from “wholesale funding.”: Barron’s

Healthcare

• Hospitals Help Families Cope: The Psychological Toll of a Child’s Illness; New approaches are finding and treating patients’ and families’ emotional distress: WSJ
• Pharma combats diversion of cheap drugs: FT
• Biotech: Making sense of the science; As big pharma bets huge sums on the next breakthrough drugs, some investors fear another bubble: FT

Energy & Commodities

• Look out OPEC! Oil ETF investors head for exit, risking new slump: Reuters

Consumer & Others

• Should Companies Trademark Scents? Some say smells deserve protected status, but others sniff at the notion; eau de fracking: WSJ
• Tesco shares fall on fears of bigger than expected writedown; Property impairment charge at supermarket ‘could hit £3bn-£4bn’: FT
• There’s one part of the watch market that Apple won’t be able to disrupt: people who need a very tough timepiece. BI
• Victoria’s Secret is in danger of becoming the next Abercrombie & Fitch: BI
• Domino’s made 3 changes to become the world’s top pizza chain: BI