Bamboo Innovator Daily Insight: 22 Apr (Wed) – Forget Buffett the investor. Follow Buffett the manager; 8-year-old girl earns $173,000 monthly from YouTube channel; Elon Musk’s first wife explains what it takes to become a billionaire: “Shift your focus away from what you want (a billion dollars) and get deeply, intensely curious about what the world wants and needs”

Life 

  • Forget Buffett the investor. Follow Buffett the manager: Fortune
  • Elon Musk’s first wife explains what it takes to become a billionaire: “Shift your focus away from what you want (a billion dollars) and get deeply, intensely curious about what the world wants and needs”: BI
  • 8-year-old girl earns $173,000 monthly from YouTube channel: AsiaOne
  • Becoming Powerful Makes You Less Empathetic: HBR
  • In praise of caregivers; When a loved one requires long-term care, how many of us can really go the distance?: TheStar
  • Lose your fear of ridicule and think more like a designer; Start-ups can learn from the ‘make and fail’ design approach, writes Airbnb co-founder Joe Gebbia: FT
  • How to become known as the best in your field: BI
  • Goh’s folly? No, Jurong is Goh’s glory: AsiaOne
  •  ‘The Little Prince’ trailer looks better than anything Pixar has made in years: BI
  • The Imagination Gap: Business leaders in at least 16 sectors are still not fully prepared for the digital transformation of their industries: Strategy&
  • Eight Key Points of Blue Ocean Strategy: Insead
  • 8 habits of curious people: FastCo
  • Brand camp: how to market a family business: CampdebFB
  • ‘Daredevil’ and the fantasy of an easy fight against gentrification: WaPo
  • Smart Arms Control the Potential Chaos of Octopus Movement; How does an octopus control eight highly flexible and independent arms so well?: NYT
  • The World’s Most Reputable Companies In 2015: Forbes
  • Why Worrying About Competition Can Destroy Your Business: Forbes
  • Why finding the right career is as rare as getting a seat on a rocket ship: Fotune
  • ‘Vague’ Japanese language can be maddeningly specific: JT
  • Why “Company Culture” Is a Misleading Term: HBR
  • There Are Still Only Two Ways to Compete: HBR
  • Why So Many of Us Experience a Midlife Crisis: HBR
  • Still Hungering for Tech Knowledge, Corporate Directors Pay for Education: WSJ
  • The Trouble With Grading Employees; Performance ratings such as ‘meets expectations’ sap workers’ morale, but firms aren’t sure they can do without them: WSJ
  • Your Total Addressable Market Stat Is Probably a Lie: Hunterwalk
  • What I’d tell myself about startups if I could go back 5 years. TQ
  • This meditation teacher has an amazing explanation – and solution – for why so many of us can’t escape the voice in our heads: BI
  • LearnVest CEO shares her 2 favorite interview questions: Tell me about a time on a Sunday that you were thinking about going back to work and you hated your job. Why? What was it?: BI

Books

  • Finding Zero: A Mathematician’s Odyssey to Uncover the Origins of Numbers: Amazon, NYT

Investing Process

  • How To Trade Like Stan Druckenmiller, George Soros And Jim Rogers: Felder
  • Why ‘investing’ in art is a terrible idea: BI
  • Carson Block sounds like he’s having a great day since the co-CEO of one of his short targets China NQ Mobile stepped down: BI

AsianExtractor: Unearthing Accounting Fraud in Asia

  • Detecting Accounting Fraud in Asia (Part 4): Introducing Six New Measures: AsianExtractor
  • Sihuan (460 HK) Updates on Audit Delay: Improper accounting treatment in consolidation trick of using MRAs (Market Research Agents) to exclude hidden sales and distribution expenses to artificially boost profits: AsianExtractor
  • 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

  • China Sees First Bond Default by State Firm With Tianwei: Bloomberg
  • Aberdeen, Blackrock flag risks in frothy Chinese stock markets: Reuters
  • Of free floats and nutty markets in China; right way to look at margin leverage is by using free float vs mkt cap; the margin data in China understates the real level of leverage in retail punters’ often weak hands: FT
  • Investors Just Got a Billion-Dollar Lesson in China’s ‘Mystery Meat’; The stakes have never been higher in assessing financial risks in China: Bloomberg
  • Blackstone CEO Schwarzman Sees ‘Excess’ in China’s Market: Bloomberg
  • Defaults Are Just What China Needs; China Should Let a Hundred Defaults Bloom: Bloomberg1, Bloomberg2
  • The head of Cofco, the Chinese state-owned grains trader, has laid out plans to turn the company into a publicly listed global powerhouse, highlighting Beijing’s decision to relax its policy of food self-sufficiency: FT
  • China cannot truly compete until it exports ideas: FT
  • Macau: The big gamble; As China’s anti-corruption campaign dents revenues in the city, officials and casino operators are adapting their business model: FT
  • Marketplace lenders and the Chinese path to a gift-card economy: FT
  • BMW China plans to put WeChat in cars without relying on Tencent: Reuters
  • China Margin Lending: Extreme Edition: WSJ
  • Yum Struggles in China as Its Novelty Fades; Pizza Hut and KFC, early entrants in Asia, lose edge to new brands: WSJ
  • Tongrentang: From emperor’s pharmacist to world TCM leader: WCT
  • MediaTek, a leading Taiwanese IC design company, was the 10th largest semiconductor brand supplier in the world in 2014, up five notches from a year earlier: WCT
  • Why Chinese Hospitals Are Boycotting Baidu; Thousands of hospitals refuse to pay for Baidu search results as a pricing dispute shakes China’s online advertising sector: Caixin
  • Cirque du Soleil latest brand to tap China’s vast consumer market: ‘It is a massive opportunity’: FP

India

  • Japan’s Daiichi closes book on India foray: FT

Japan & Korea

  • Loyalty to 1960s Machine Shows Risk From Japan’s Aging Factories: Bloomberg
  • Conglomerates at a crossroads: JA

ASEAN

  • Indonesia Pushes Overhaul of State Firms as Key to Growth; Minister for state-owned enterprises aims to boost transparency: WSJ
  • Indonesia 7% Growth Goal Elusive as Djalil Signals Delay: Bloomberg
  • Vietnam’s inward investment surge — will it last?: FT
  • SAP Sees Technology Helping Indonesia Take Lead Role in a Hyperconnected Asean: JG
  • Some Indonesians Unconvinced of AEC’s Opportunities, Consultant Says: JG
  • KakaoTalk in talks to buy Path as Indonesia grows: e27

Macro

  • Can Finland Be Run Like a Business? Unless you count Thailand’s Thaksin Shinawatra, Sipila is the first tech entrepreneur to become leader of a top-100 economy: Bloomberg
  • Debt Piles Up in Asia, Threatening Growth; Countries borrowed a lot during the crisis, and kept doing so afterward: WSJ
  • Spreadsheet and Gumption Were All U.K. Trader Needed to Rig Market: Bloomberg
  • Short-Selling Herds Finding April Is the Cruelest Month Since 2009: Bloomberg
  • How futures trading could crash stocks: FT
  • Mexico steals a march on China in car manufacturing: FT
  • Vancouver: Canadian west coast powerhouse: FT
  • Prepare for a rough ride in EM bonds; Good times are ending for corporate borrowers in emerging markets: FT
  • Asia Must Help Itself to Solve Infrastructure Puzzle; More needs to be done to tap the region’s pool of capital rather than relying on funding from multilateral institutions. Barron’s
  • Australia property sector needs money laundering safeguards -report: Reuters

Energy & Commodities

  • Buttered Coffee Could Make You Invincible. And This Man Very Rich: Bloomberg
  • Noble Group barred from Platts’ oil pricing process : Reuters

Healthcare

  • Private investors stake their dreams on risky biotech start-ups: FT
  • Unlike web deals, healthcare investing is growing faster outside major hubs: Pando

TMT

  • Retail Traders Wield Social Media for Investing Fame; Dispensing stock tips on Twitter, Facebook and online brokerage sites, some build a following; ‘If you’re wrong, people will know it.’: WSJ
  • The Man Who Broke the Music Business: The dawn of online piracy. NewYorker
  • IT companies need to shift toward IoT commercialization: KT
  • Technology to spawn the next black swan: BlackRock CEO: BT
  • Nokia bets software revolution will help avoid past merger errors: Reuters
  • Five Apps Bringing the Next Billion People Online: WSJ
  • Tech Companies Struggle to Get World on Internet; Google and Facebook are scrambling to reach billions of people still without Web access, but the Internet’s expansion is actually slowing: WSJ
  • Google Uses Algorithm To Flag Suspicious Payments: WSJ
  • Pet care goes digital in apps and devices: JA
  • Why You’ll Hate the Apple Watch And The Important Business Lesson You Need To Learn: Techcrunch
  • 7 awesome ways quantum computers will change the world: BI

Consumer & Others

  • Is Harley-Davidson Losing Its Diehards?: Bloomberg
  • Why Do I End Up Throwing Out So Much Food? Refrigerators want to come to the rescue; ‘It makes me feel horribly guilty.’: WSJ
  • Why McDonald’s is still a powerhouse: ChinaPost
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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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