Bamboo Innovator Daily Insight: 17 Apr (Fri) – A doctor who swallowed a petri dish of bacteria and won a Nobel Prize can teach you a valuable lesson about success. We’re All Terrible at Understanding Each Other

Life

• A doctor who swallowed a petri dish of bacteria and won a Nobel Prize can teach you a valuable lesson about success: BI
• Most of the world’s billionaires didn’t inherit their wealth – they earned it: BI
• Saying No: How Successful People Stay Productive: Farnam
• Seymour Schulich on Deals, Business, Decisions and Life: Farnam
• We’re All Terrible at Understanding Each Other: HBR
• Motivating staff with values, not red tape: BT
• Only 3% of family businesses make the fourth generation: here are 4 essentials to getting there: BRW
• Why We Need “Game of Thrones”; Series like “Game of Thrones” and “Downton Abbey,” like Balzac and Dickens before them, serve as a source of entertainment and fodder for debate. PS
• The Look of Love Is in the Dog’s Eyes; Dogs who trained a long gaze on their owners had elevated levels of oxytocin, a hormone produced in the brain that is associated with nurturing and : NYT
• Beyond Beanbags: A guide to what makes Google a great workplace: Forbes
• The power of making people ‘feel felt’; Mark Goulston, the psychiatrist and difficult conversations expert explains the power of making people ‘feel felt’: Forbes
• Workin’ 9 to 5 to make a livin. and every other minute on your startup; Many don’t have the luxury of quitting their day job to focus on their new business. Here three entrepreneurs explain how to juggle both: Guardian
• CEOs Don’t Care Enough About Capital Allocation: HBR
• The power of families: Dynasties; The enduring power of families in business and politics should trouble believers in meritocracy: Economist
• One Way to Get Unstuck and Move Up? All You Have to Do Is Ask; At software firm Salesforce, Leyla Seka found the confidence to ask for more responsibility: WSJ
• Happy birthday to Johnson’s dictionary: Economist
• Reforming Islam: A controversial new book says Islam must change in five important areas: Economist
• The music industry: Super fantasy; “What about relying on super fans to fund you more regularly?” : Economist
• A very British business: Some lessons from the success of Britain’s elite private schools: Economist

Investing Process

• Designing an investment organisation for the long-term: Top1000
• 15 Principles of Allocating Capital: BeyondProxy
• Questions to Noble’s management ahead of its April 17th AGM: Iceberg
• Charlie Munger — Part Four: Investment Advice: VW
• Buffett’s Checklist Applied to Small Caps: WisdomTree
• James Montier: Who Is Cooking The Books – The C-Score: VW

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

• Hong Kong Rally Rewards China Tycoons; Mainland billionaires reap rewards in stock frenzy fueled by Chinese investors: WSJ
• Traders in HK stock market turn cautious as mainland China regulator warns new investors: SCMP
• With SUVs, Chinese carmakers at last unsettle foreign brands: Reuters
• Debt defaults cannot be ruled out in Chinese property sector, S&P warns: SCMP
• Xi Jinping’s Bull Market; The Party confuses a rising market with a healthy market. WSJ
• Valuations of Hong Kong’s stock market operator go interstellar: Reuters
• The Expensive Antics of China’s Gaudiest Billionaire; Liu Yiqian has conspicuously ignored the official kibosh on ostentatious shows of wealth: Bloomberg
• How China Brands Took Over the World’s Hottest SUV Market: Bloomberg
• China’s incredible shrinking factory: Reuters
• The Mao taboo: Criticising the founder of Communist China is still considered blasphemous: Economist
• China’s Former IPO King Looks for a Fresh Start; Once the leading investment bank, CICC needs a new strategy: Bloomberg

India

• Revving up Maruti; Maruti had to work tirelessly to put together a strategy to keep itself relevant and ahead of competition: Forbes
• Rolta should allow independent agency to look into nos:IIAS: MC
• Rolta Bonds, Shares Tumble Following Short Seller’s Report; Glaucus Research alleges Indian technology firm misstated financial performance: WSJ
• India Inc. Is Still Ailing as Modi Nears One-Year Anniversary; India enters earnings season with analysts projecting companies’ profit growth to be lowest in five years: WSJ

Japan & Korea

• Robotic Customer Service? In This Japanese Store, That’s the Point: WSJ
• LG chairman increases free patents to start-ups: JA
• Korea Champion Battles Billionaires For Casino License Amid Philippine: Forbes
• Acushnet, which owns golf brands such as Titleist and Footjoy, seeks IPO on NYSE next year; FILA Korea is the firm’s biggest shareholder with a 52.6 percent stake: KT
• Kumho Chairman faces uphill battle in taking holding firm back: KT
• Bubble-era missteps shape Tokio Marine’s property strategy: JT
• Toyota Leaves Japan in the Dust: Bloomberg

ASEAN

• Beer Sales Canned at Indonesian Minimarts; Prohibition highlights clash diverging interests of businesses, Islamic groups: WSJ
• Noble Group CEO Yusuf Alireza Promises More Disclosure; Commodities trader hasn’t been approached as merger target despite fall in share price: WSJ

Macro

• World Bank: Stress test: Facing increasing competition and beset by criticism, what next for the institution?: FT
• Investing in Financial Related Companies: BeyondProxy
• Manulife Nixing Cubicles Aims to Chop Property Bill 25%: Bloomberg
• Lost in Europe’s VAT Maze; A yesterday tax stifles tomorrow’s online commerce.: WSJ
• Should Mutual Funds Be Illegal?: Bloomberg
• String-pushers: Politicians often try to manipulate the economy to win votes, but seldom succeed: Economist
• Liquidity in markets: Frozen; Regulators have made banking safer. But has that made markets riskier?: Economist
• Offshore finance: Trouble in paradise; An international fraud investigation raises vexing questions: Economist
• Mixing commerce and banking: Risky business; Message to chief executives: do not try to turn your firm into Goldman Sachs: Economist

Healthcare

• The healthcare company that is on constant alert: FT
• Clues to How an Electric Treatment for Parkinson’s Works: NYT

Energy & Commodities

• Fortescue Metals: Hard to Steel Against Cash Burn; Slashing costs amid falling iron-ore prices will be tough to sustain: WSJ
• Big Oil Is About to Lose Control of the Auto Industry: Bloomberg
• Biofuels: Thin harvest; Investment in biofuels is dwindling and scepticism is growing: Economist
• Dairy derivatives: Something to moo home about; Why futures for milk and butter are making a comeback: Economist

TMT

• The Apple Watch is already wiping the floor with the entire smartwatch market; Apple’s debut smartwatch has sold more than 2.3 million units since pre-orders opened, MacRumors reports: BI
• Regulating technology’s present will help to fashion its future: FT
• The rookie investors hunting billion-dollar unicorns; Ashton Kutcher and Snoop Dogg show unlikely names can make good investors, writes Stephen Foley: FT
• Can graphene usher in a tech revolution?: WCT
• How Google Went From Search Engine To Content Destination: ML
• How Vox aggregates: Vox
• The $5 Billion Race to Build a Better Battery: Bloomberg
• Etsy I.P.O. Tests Pledge to Balance Social Mission and Profit; Can a happy, crunchy company like Etsy really survive on Wall Street?: NYT, WaPo
• Revenge Of The Record Labels: How The Majors Renewed Their Grip On Music: Forbes
• From Amanda Palmer To Wu-Tang: Seven Music Mavericks Cashing In Outside The Major Label World: Forbes
• Rise of Robots, Buybacks to Lift Fanuc Shares; Cash-rich robot maker profits from automation, hedge fund clamor, and push to return capital to investors. Barron’s
• TSMC Is Hungry for a Piece of Apple; Taiwanese chip maker, which looks cheap and offers a 3% yield, could be a winner from Apple’s next iPhone. Barron’s
• DOJ Looking Closer Into Movie Distribution; Theater chains’ practice of seeking exclusivity for some releases scrutinized: WSJ
• Video Streaming Geo-Blocking Gets Workaround; Services Find a Niche by Making It Simple to Watch Shows From Abroad: WSJ
• Will the Apple Watch Eclipse the Classic Swiss Watch? The Apple Watch Edition is poised to disrupt the long reign of luxury mechanical timepieces. But will the status symbol of the future really be a $17,000 smartwatch?: WSJ
• Happy birthday to Moore’s Law: WaPo
• Moore’s law turns 50: Ever more from Moore; A microchip pioneer’s prediction has a bit more life left in it: Economist
• The cheap, convenient cloud: As cloud-computing prices keep falling, the whole IT business will change: Economist
• How Your T-Shirt Can Make You Rich; Teespring uses social media to sell more than 7 million shirts a year: Bloomberg

Consumer & Others

• P.F. Chang’s files for bankruptcy protection as U.S. eatery loses way in ‘ethnically diverse’ Canada: FP
• The biggest cheese in family business; Lino Saputo Jr has big plans for the Australian dairy industry, with the $134 million acquisition last month of Victoria’s Lion Dairy : CampdenFB
• Use of E-Cigarettes Rises Sharply Among Teenagers, Report Says: NYT
• General Electric: Back to business; The world’s biggest industrial firm wants to stop being a closet bank. Good: Economist
• Top Stock Picker Bets Boom-to-Bust Billabong to Make Comeback: JG