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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
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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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