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Bamboo Innovator Daily Insight: 1 May (Fri) – After Warren Buffett: Berkshire Prepares for Life Without Legendary Leader

Berkshire Hathaway 50th Anniversary

  • What Is Berkshire Hathaway? WSJ
  • Warren Buffett losing some mojo on his economic ‘moats’: Reuters
  • Warren Buffett Has a Tough Act to Follow; Berkshire Hathaway’s Warren Buffett hasn’t lost his touch, but future returns aren’t likely to match his historical record. WSJ
  • 11 Picks from Warren Buffett’s Bookshelf: WSJ
  • After Warren Buffett: Berkshire Prepares for Life Without Legendary Leader; Berkshire Hathaway’s octogenarian CEO does ‘everything humanly possible’ to make sure culture grows without him: WSJ

Life 

  • Shredding the rules: A striking number of innovative companies have business models that flout the law: Economist
  • The eight essentials of innovation: Strategic and organizational factors are what separate successful big-company innovators from the rest of the field. McKinsey
  • Say This, Not This: The Words to Use and the Words to Lose: Milken
  • When It’s Safe to Rely on Intuition (and When It’s Not): HBR
  • An exam board chief wants British students to use Google to find answers in their tests: BI
  • The 9 biggest mistakes people make in their 30s: BI

Books

  • The Nature of Value: How to Invest in the Adaptive Economy: Amazon
  • The Story Grid: What Good Editors Know : Amazon

Investing Process

  • Andrew Wellington: Working Hard To Find Easy Investments; columbia

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

  • In China, the early bird drives an electric car – but for how long?: SCMP
  • China Stocks Rally in Hong Kong Parts Ways With Fundamentals: WSJ
  • China Closes 21st Century Business Herald’s Website; Orders site to strengthen editorial management following investigation of alleged extortion: WSJ
  • Beijing faces challenge of keeping up good governance: TODAY
  • China Rethinks Safety Net for Its Banking System; With the introduction of deposit insurance on Friday, Beijing is looking to shake the public’s faith, namely the long-held belief that the government will bail out troubled banks: NYT
  • The market for reclaiming old electronics grows in China: WCT
  • China’s IPO froth bubbles over; Investors urged to pay attention to risk amid wild valuations: FT
  • Post-95 entrepreneur aims to bring China’s agriculture online: AsiaOne

Japan & Korea

  • Why it matters that Japan is going to the moon: WaPo

Macro

  • Almost $20 billion has been wiped off the value of the big four banks by sharemarket investors this week as concerns mount that the prudential regulator will take aggressive action to the threat posed to financial stability by rampant property speculation: TheAge
  • SEC’s Proposed Comp Rules Are of Little Use, Attorneys Say; Critcism is leveled at the proposed reporting framework’s inflexibility and naive simplicity. CFO
  • Executive pay: The battle to align risks and rewards; Companies are being pressed to reform the complex compensation structures and high pay levels of top managers: FT
  • Forced errors: Making rules about compulsory purchases of land is especially tricky in developing countries: Economist
  • Shareholder rights in Europe: Short-term or short-changed? Enhanced rights for loyal investors are increasingly touted as a way to make companies think for the long term: Economist

TMT

  • Can Apple And IBM Change Health Care? Five Big Questions: Forbes
  • The Problem With Twitter Ads; Marketers aren’t convinced that it has an effect on their sales: WSJ
  • Microsoft Looks to Software Subscriptions as Mobile Computing Spreads: WSJ
  • How Companies Are Mining Data to Mitigate Risks: WSJ
  • What Makes the Apple Watch Tick; Research firm estimates parts and labor are $83.70, or 24% of retail price: WSJ
  • Cheaper bandwidth or bust: How Google saved YouTube: Arstechnica
  • Which movie studios own which Marvel characters all in one infographic: BI
  • 3D printers are a pain — here’s how Microsoft and Autodesk are fixing them: BI
  • Microsoft’s $2.5 billion acquisition of Minecraft makes total sense now: BI
  • We tried Microsoft HoloLens: This is going to be much bigger than Google Glass: BI
  • Tesla Launches Batteries for Homes, Businesses, Utilities; Tesla hunts for new revenue in home storage batteries: bloomberg, reuters

Consumer & Others

  • Eyeglass Retailer Warby Parker Valued at $1.2 Billion; WSJ, Quartz
  • Campari whets appetites for Italian brands: FT
  • Slimming down: America’s processed-food makers are having to adapt to declining popularity: Economist
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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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