Bamboo Innovator Daily Insight: 24 Apr (Fri) – 13 ways successful people think differently

Life

• 13 ways successful people think differently: BI
• The difference between successful people and unsuccessful people, according to billionaire John Paul DeJoria: successful people do all the things unsuccessful people don’t want to do. BI
• Twilight of the gurus: The management-pundit industry is a shadow of its former self: Economist
• The process of invention: Now and then; Patent records reveal that the way inventions are made has changed over the years: Economist
• 13 everyday phrases that actually came from Shakespeare: BI
• Increase productivity with this ‘2-minute-rule’ for answering emails: BI
• One of Matt Damon’s Harvard professors gave him a small note that completely changed ‘Good Will Hunting’: BI
• A Brief History of the Ways Companies Compete: HBR
• The Basic Principles of Strategy Haven’t Changed in 30 Years: HBR
• Beyond Education Wars: K-12 education is an exhausted, bloodsoaked battlefield. Let’s shift some of the reformist passions to early childhood: NYT

Investing Process and Research

• Defining Earnings Quality: The Largest Corporate Frauds In The World: CS
• Nouveau Fraud: Hot Recipes for Cookin’ the Books; Recent cases underscore the need for tight internal controls. CFO
• Active v passive investing: Hyped active; More doubts about fund managers’ stock-picking powers: Economist
• Investing: You don’t get what you pay for; pay higher fees for fund management and you get worse results: Economist
• P/E Ratios – You’re Doing it Wrong: SSA
• A Dozen Things I’ve Learned from Ben Carlson about Investing: 25iq

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

• Overdue loans at China’s banks spilling toward bad debt pool: SCMP
• Debt Builds in China Stock Rally; Borrowing by Chinese investors punting on local stocks has surged to a record high, making for a volatile ride ahead: WSJ
• China’s motor industry: The coming crash; For carmakers, the profits bonanza from China will not last: Economist
• ICBC Topples Wells Fargo as World’s Most Valuable Bank: Bloomberg
• If China’s Seeing Capital Outflows Now, What Happens in Crisis?: Bloomberg
• Kaisa Stirs Commodity Bears Eyeing China’s Property-Led Slowdown: Bloomberg
• Wanted list reveals nature of Chinese corruption: FT
• A Road Map to China’s Future from Japan’s Past: Barron’s
• 揭开汉能资金链谜团; 七张图告诉你为什么说汉能薄膜发电是“妖股”: Yicai, Yicai2
• Hanergy: Where Did All That Money Go?!: Barron’s
• China’s $1 Trillion Province Is Open For Business: Bloomberg
• Glorious Property Seen as Close to Default After Kaisa’s Tumble: Bloomberg
• ICBC Topples Wells Fargo as World’s Most Valuable Bank: Bloomberg
• If China’s Seeing Capital Outflows Now, What Happens in Crisis?: Bloomberg

Japan & Korea

• Winged Nikkei: The Japanese are learning that the stockmarket can go up as well as down: Economist
• Dongkuk Steel Mill chairman Chang Sae-joo’s alleged wrongdoings are poised to deal a fatal blow to the company, raising questions about the transparency of the country’s steel industry. KH
• The earnings of Samsung Group and Hyundai Motor Group, Korea’s two biggest conglomerates, accounted for 81 percent of the total profits of the country’s top 30 business groups last year, up from 47.5 percent in 2010. KH
• Korea’s financial regulator said that it will conduct audits on the nation’s three largest accounting firms; The FSS said it will strengthen accountability of the management over accounting fraud, reflecting the revised Outside Audit Law: KT

ASEAN

• Pixar wants to explore South-east Asia: TODAY
• Thai generals seek to entrench ‘father-knows-best’ government: FT
• Former Inix Technologies Bhd CEO Jimmy Tok Soon Guan jailed for 45 months for providing false accounting statements: Star
• SGX’s Big Derivatives Bet; Singapore Exchange’s strategy of carving itself a niche in Asia’s financial markets is a smart move amid sluggish growth in stock trading.: Barron’s

Macro

• Asia’s environment: In need of a green revolution; How business can help solve Asia’s environmental problems: Economist
• Century-Old Tic-Tac-Toe Stock Charts Rake in ETF Billions: Bloomberg
• Foreign borrowers wary of dollar rise; Investors fear further defaults on dollar-denominated EM debt: FT
• Pension funds take lottery punt in hunt for yield: FT
• CME faces scrutiny over warning signs on ‘flash crash trader’: FT

TMT

• Excited About the Nasdaq Record? Don’t Overpay for Stocks Again: WSJ
• Former Tech Guru Is No Longer Living in a Nasdaq Bubble; Lessons from the bursting of the technology-stock bubble in 2000 linger for investors, including fund manager Paul Meeks: WSJ
• How The Second Tech Bubble Will Burst, In The Words Of Silicon Valley’s “Poster Child” And World’s Youngest Billionaire: Zerohedge
• Robots Step Into New Planting, Harvesting Roles; Labor shortage spurs farmers to use robots for handling delicate tasks in the fresh-produce industry: WSJ
• YouTube’s birthday: The most popular site for online video marks ten extraordinary years: Economist
• Why Tesla Won’t Be Able to Scale: HBR
• Bezos: Amazon Web Services is a $5 billion business-and growing fast: Fortune
• Online store merger prods luxury goods makers towards Internet: Reuters
• Apple Watch: An Overnight Multi-Billion Dollar Business: CarlHowe
• Behind Nasdaq’s Rebound: Tech Products People Want to Use: Bloomberg

Energy & Commodities

• Africa and commodity prices: No longer the kiss of death: Economist
• Biotechnology and fish farming: Gas guzzlers; Feeding farmed salmon with protein made from methane: Economist
• Oil at $65 Seen Freeing Half Million Barrels From Shale Fracklog: Bloomberg
• Maple syrup rebellion; Fighting to keep their syrup out of the hands of the powerful Quebec monopoly, producers sneak barrels by night, deal in a black market and even flee the province: FP
• New Balance of Power; The center of the oil world has spun from the sands of Saudi Arabia to the shale oil fields of Texas and North Dakota, a giant new oil patch some wildcatters have begun to call “Cowboyistan.”: NYT

Healthcare

• Germ-line gene therapy: To the crack of doom; A group of scientists in China has just crossed one of biotechnology’s red lines: Economist

Consumer & Others

• This mistake from 30 years ago almost destroyed Coca-Cola: BI
• Wal-Mart Looks to U.K. Unit for Lessons on Online Groceries; ‘Click-and-collect’ programs at Asda unit, using pick-up lockers, could be exported: WSJ