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Bamboo Innovator Daily Insight: 28 Apr (Tues) – The remarkable life and lessons of the $8 million janitor; Warren Buffett’s ‘Ringmaster’ Turns Grand Ideas Into Reality

Life 

  • Warren Buffett’s ‘Ringmaster’ Turns Grand Ideas Into Reality; At Berkshire Hathaway’s annual meeting, Carrie Sova makes sure everything runs smoothly: WSJ
  • The remarkable life and lessons of the $8 million janitor: WaPo
  • ‘Safest bike ever’ devised by British entrepreneur: Reuters
  • There’s No Such Thing as Corporate DNA: BCG
  • The Eight Outsiders In One Chart: VW
  • Lessons from Intraco, Singapore’s original trailblazer: TODAY
  • The Future of Reading: There’s No Mystery About It; Walter Mosley, best-selling author of the Easy Rawlins series, has good news for those who love to read: WSJ
  • Contortions are required for Cirque du Soleil to keep its magic; The steps to take to prevent innovative businesses turning into bland production lines: FT
  • Lotte chief stresses importance of ‘agile workers’: KT
  • The 5 Requirements of a Truly Innovative Company: HBR
  • The innovators: mist system offers a safer way to control fires; The creators of Automist explain how a fine mist can cool and suppress fires more effectively than sprinkler systems, especially when caused by chip pans: Guardian
  • Why A Corporate Culture of ‘Kindness’ Is Great For Your Brand: Forbes
  • Junk Science at the F.B.I.: NYT

Investing Process

  • Charlie Munger Comments and the Art of Stock Picking: Basehitinvesting
  • Charlie Munger – Part Eight: Berkshire At 50: VW
  • The House of Wirecard; Wirecard is a little known German tech stock worth €5bn, and a puzzle. : FT

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 plans mergers to cut number of big state firms to 40: state media: Reuters
  • China’s True Growth Is a Mystery; Economists Weigh the Clues; Official first-quarter GDP growth of 7% is overstated, experts agree, but pinning down the real number is a head-scratcher: WSJ
  • China’s dumb strategy when it comes to smartphones: SCMP
  • The mainland’s regulator is probing the chairman of Shenzhen-based developer Kaisa Group for possible violations in the sale of a trust company that he bought months before his property firm ran into financial trouble. SCMP
  • China’s ailing coal firms ‘turn to movie, restaurant businesses’ to offset slump: SCMP
  • Reports of massive M&As for China’s SOEs ‘unverified’: WCT
  • Zut alors! China now has bigger vineyards than France: Telegraph
  • China may join the unconventional monetary club: FT
  • China Local Government Debt Surge Boosts Focus on PBOC Help: Bloomberg

Japan & Korea

  • Digging for Value in Japan’s Rally; The Nikkei might be expensive, but discerning investors stand to benefit: WSJ
  • Japanese Robot Maker Fanuc to Double Dividend, marking a milestone in Japan’s move toward lifting shareholder returns: WSJ
  • Old companies still thrive in brand-loyal Japan: ChinaPost
  • Sparx’s Shuhei Abe on Shaking up Japan Inc.; The hedge fund CEO says Abenomics is the catalyst for more shareholder friendly practices and higher returns. Barron’s

ASEAN

  • Worst Asian Default Forgiven as Indonesia Billionaire Sells Debt: Bloomberg
  • Singapore rig builders feel impact of oil price slide; Many existing contracts may be renegotiated as crude price falls: FT

Macro

  • Parking Corporate Cash Is Sure to Get More Complicated; Companies start to prepare for new rules on money-market funds that are due out in 18 months: WSJ
  • Sydney Home Prices Surging at 5 Times Wages Fuel Bubble Woes: Bloomberg

TMT

  • $194B! Apple’s cash pile hits record: WTSP
  • Jeff Bezos Is Now Richer Than Three of the Four Wal-Mart Heirs: Bloomberg
  • With Nasdaq at records, investors ask what’s next for tech: Reuters
  • Tech Expansion Overruns Cities in California’s Silicon Valley; Resistance to office developments raises questions about future of industry’s home base: WSJ
  • Etsy CTO On Its Conservatively Crafty Tech Philosophy: Techcrunch
  • Haulage company boss offers a cool box for home deliveries: FT

Consumer & Others

  • Yoga Wars: What a Lululemon Challenger From Goldman Sachs Means for Retail: Bloomberg
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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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