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Bamboo Innovator Daily Insight: 23 Apr (Thurs) – Mark Zuckerberg shared some simple advice for success: Don’t give up

Life 

  • Mark Zuckerberg shared some simple advice for success: Don’t give up: BI
  • The incredible rags-to-riches story of British lingerie tycoon Michelle Mone: BI
  • How to Determine Which Part of What You Know Really Matters: K@W
  • A woman created an awesome resume to land her dream job at Airbnb — and it caught the CEO’s attention immediately; resume showcases what she knows about the travel industry, what she could contribute to Airbnb, and what she thinks the company should pursue next: BI
  • The Secret To Getting Good At Things Quickly: Forbes
  • Great Entrepreneurs Share These Six Traits – And Some May Surprise You: Forbes
  • How Spanx got me an interview with Warren Buffett: BI
  • Here’s how ‘Mad Men’ creator Matthew Weiner manages his super busy schedule: BI
  • 7 Strategies That Make Speechwriting Easier: Slideshare
  • What’s the best advice you’ve ever received?: LinkedIn
  • This Design Professor Makes Products With No Labels On Them: Bloomberg
  • Nice Ph.D. Think It Was Worth It?: Bloomberg
  • Everyone Profits from the Return on Character; soft factors like integrity, forgiveness, and compassion energize employees and customers — and deliver better returns: Strategy&
  • The world’s brightest scientific minds posed for this 1927 photo after historic debates about quantum mechanics: BI
  • Fortune’s World’s Greatest Leaders: 50 intrepid guides for a messy world: Fortune
  • A study in enterprise risk management: Lee Kuan Yew’s governance gives several case studies of enterprise risk management: Risks were identified, assessed, responded to, controlled, and monitored: BT
  • Can Your Relationship Handle a Trip to IKEA? The furniture store can easily lead to arguments for stressed-out couples; how to avoid the ‘IKEA meltdown’: WSJ
  • A Startup Sours After A Falling Out; A Florida entrepreneur’s company fizzles after a messy split with investor and co-founders: WSJ
  • Five of the most epic failures in business history: Quartz
  • How revolution discovered its need of business: JA

Books

  • The Most Good You Can Do: How Effective Altruism Is Changing Ideas About Living Ethically: Amazon

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

  • Mark Mobius has made an ugly U-turn. Only two weeks ago, he warned the A-share market was so overheated that it was about to correct by up to 20%. But this week, he asked investors to sell US stocks to invest in China. Standard
  • China Debt Mess Brings Out the Yin and Yang in Policy Makers: Bloomberg
  • Baoding Tianwei Default Exposes Weaknesses in China Solar Sector: Bloomberg
  • We’re Just Learning the True Cost of China’s Debt: Bloomberg
  • Many of China’s Most-Wanted Graft Suspects Have Taken Refuge in the U.S.: Bloomberg
  • Taiwan’s Stocks Climb Most Since 2013 on China Equity Link Bets: Bloomberg
  • Made-in-China cars steer course abroad: FT
  • SOE you’ve actually defaulted?: FT
  • Shanghai Media Group’s Li Ruigang: From fashion reporter to media mogul: Standard
  • ‘Chinese Murdoch’ buys into TVB: Standard
  • China UnionPay’s monopoly of bank card clearance market broken: WCT
  • China’s BAT internet giants suffer setbacks in overseas initiatives: WCT

India

  • Modi’s Economic Reforms Agenda In India Hits Biggest Roadblock — Land: Forbes
  • India’s solar power punt; Despite corporate India’s surge of enthusiasm in the solar power sector, ground realities pose major hurdles to the government’s ambitious goal: Forbes
  • Coca-Cola forced to abandon India bottling plant plans: FT
  • Why India’s e-commerce boom will look nothing like China’s: Quartz

Japan & Korea

  • Car-Pooling Startup Seeks Profits in Life in Japan’s Slow Lanes: Bloomberg
  • Path is in talks to sell its main app to a South Korean company: BI
  • Royal Bank of Canada denied allegations that it committed stock manipulation of SK Holdings to avoid paying high returns to investors five years ago. RBC alleged to intentionally sold SK shares 10 minutes before its ELS matured: KT
  • Loss from Keangnam accounting and bribery scandal totals W1.1 tril;  The late former chairman of Keangnam Enterprises, Sung Woan-jong, who set up his business with pocket money and went on to establish a company that exceeded 2 trillion won in sales, was almost penniless when he killed himself: KT1, KT2
  • Ex-currency chief fears BOJ exit nightmare on debt pile: JT

ASEAN

  • Asean’s car buyers scaling back purchases: FT
  • Jokowi’s Courage a Lesson for Investors; Indonesia’s president is seeking to reform Southeast Asia’s largest economy but investors remain skeptical.: Barron’s
  • ASEAN needs to position itself as the ‘Third Force’, says Najib: TheStar

Macro

  • Brazil’s Petrobras Reports Nearly $17 Billion in Asset and Corruption Charges: WSJ
  • ‘Flash crash’ trader’s alleged fraud a common market occurrence: Bloomberg
  • Economic myths and tall tales – the confidence fairy and bond vigilante: Guardian
  • HSBC: Shrink and simplify; As its chief executive prepares to unveil his latest strategy, what does the future hold for Europe’s largest bank?: FT
  • Fed eyes ability of asset managers to repay in a panic: Reuters
  • Emerging market ETFs: solving the liquidity problem or storing it up?: FT

Healthcare

  • How the data revolution could transform the way people live with diabetes: WaPo
  • We need more antibiotics: Fortune
  • Meet Pharma’s Newest Movers and Shakers; CEOs of lesser known firms crave deals, slash costs, flout tradition—and market caps rise: WSJ
  • Once Cash Cows, University Hospitals Now Source of Worry for Schools; Academic medical centers expected to become less profitable, leading schools to rethink health-care operations: WSJ

TMT

  • Big data could power on-demand public transport: TODAY
  • Sirius XM Holdings & The Subscription Media Business: Punchcard
  • Coursera’s Andrew Ng: How MOOCs Are Taking Local Knowledge Global: K@W
  • Here’s How Uber’s Co-Founder Is Going to Take on Amazon and eBay: bloomberg
  • Apple’s Jony Ive Says Gold Lust Drove Watch Material Selection; Apple’s gold alloy is as much as twice as hard as standard gold: Bloomberg
  • As Amazon parties on, some large fund managers take their leave: Reuters
  • How tiny nostalgic startup Timehop grew to 15 million users in just 3 years: BI
  • An Online Tune-Up for the Used-Car Marketplace: NYT
  • Notifications Are The Next Platform: Techcrunch
  • Amazon is about to reveal one of its biggest secrets-the size of its cloud business; Here’s why Amazon is finally going to reveal how much its cloud business makes: Quartz
  • Notifications Are The Next Platform: Techcrunch

Energy & Commodities

  • The king of soya focuses on a high-tech vision of farming; Gustavo Grobocopatel wants plants to be seen as factories: FT
  • The Defaults Are Coming In HY Energy, UBS Warns: Zerohedge
  • Half of U.S. Fracking Companies Will Be Dead or Sold This Year: Bloomberg
  • DuPont buying microbiome firm, seeks edge in emerging crop products: Reuters

Consumer & Others

  • Tesco’s Debt Riddle Unresolved After Grocer’s Record Loss; Tesco Reports Record Loss as Spiraling Debt Adds to Strain: Bloomberg1, Bloomberg2
  • Aussie retailers face multibillion-dollar hit from proposed lease accounting changes with $40 billion worth of leases brought onto their balance sheets for the first time.: TheAge
  • Why Nike and Under Armour are spending wildly to watch your every step: WaPo
  • McDonald’s May Be Lovin’ It, But Era of ‘False Kindness’ Is Over: Bloomberg
  • Warner Bros.’s DC Plots Female Superhero World: Bloomberg
  • Chipotle is one step closer to taking over the pizza industry: BI
  • Smart guns: They’re ready. Are we?: Fortune
  • How Australian retail brands can succeed in the US market: BRW
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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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