Bamboo Innovator Daily Insight: 2 May (Sat) – The Enduring Hunt for Personal Value; Spend Your Day With Berkshire Hathaway (Whether You Want to or Not): Warren Buffett’s products and services are everywhere

Berkshire Hathaway 50th Anniversary

• Spend Your Day With Berkshire Hathaway (Whether You Want to or Not); Warren Buffett’s products and services are everywhere. Just look at what you’re doing Saturday: Bloomberg
• Berkshire Hathaway’s meeting: Fun at fifty; The sage of Omaha celebrates half a century on top of the world: Economist
• Woodstock of Capitalism’s odd couple: FT
• I’ve Followed Warren Buffett For Decades And These 10 Quotes Are What I Keep Coming Back To: LinkedIn
• What Will Berkshire Look Like Over the Next 50 Years?: Morningstar
• Warren Buffett: ‘If You’re Looking for a Wonderful Business, It’s Hard to Beat Coca-Cola’: Coca-Cola
• Timeless Investment Lessons From Warren Buffett’s Business Partner, Charlie Munger: Morningstar
• Why Warren Buffett considers the deal he made with an 89-year-old woman one of the best of his career: BI

Life 

• The Enduring Hunt for Personal Value: NYT
• David Letterman Reflects on 33 Years in Late-Night Television: NYT
• Self-image matters: Helping kids see themselves as readers: WaPo
• Ancient DNA Tells a New Human Story; Armed with old bones and new DNA sequencing technology, scientists are getting a much better understanding of the prehistory of the human species: WSJ
• The Rise and Fall of the Term ‘Third World’; Report says the phrase ‘Third World’ had its start at a 1955 conference, but the words grew out of the work of French social scientists: WSJ
• Distaff Scientists: Is it wrong to be captivated by a great thinker’s personality, rather than the drier stuff of résumés? WSJ
• The Half-Life of Physicists: In 1947 Erwin Schrödinger boasted of a big new result that would beat his sometime collaborator Albert Einstein. They were both wrong.: WSJ
• Billionaire investor Peter Thiel: ‘Always aim for a monopoly. From society’s perspective, it’s complicated. But from the inside, I always want to have a monopoly.’: BI
• Ten Golden Nuggets: SeekingWisdom
• Addiction to Truth: David Carr, the Measure of a Person, and the Uncommon Art of Elevating the Common Record: BP
• A Dozen Things I’ve Learned From Comedians About the Business of Life: 25iq
• An eminent scientist posits a new theory of how life came to be; The Vital Question: Why Is Life the Way It Is? By Nick Lane: Economist

Investing Process

• Predicting Takeovers Is Accidental Skill for This ETF: Real M&A: Bloomberg
• The Fine Line Between Smart and Illegal: NYT
• The Spirit of Accounting: The lease accounting industry desperately needs disruption: AT
• What’s wrong with finance: Economist

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’s Baoshan Catches Nippon Steel as Most-Valuable Producer: Bloomberg
• Chinese equity surge catches global emerging investors off guard: Reuters
• Beijing Baofeng Technology, an online video group, listed in Shenzen just over a month ago and the stock has just traded limit-up every single day, rising 17-fold in 26 trading days: FT

India

• Why India’s Startups Are The Investment Of The Moment: Forbes

Japan & Korea

• Korean investors took a severe beating from the fake herbal medicine produced by Naturalendo Tech, with their combined investment losses estimated at more than 600 billion won ($559 million). KT
• Natural Endotech affair exposes cracks in Kosdaq: KH
• Apple, IBM and Japan Post See Profit in the Old-Age Market: NYT
• Learning from South Korea’s mobile-retailing boom; As omnichannel retailing transforms this nation of 50 million people, retailers around the world should be watching-and learning. McKinsey
• Sign-language robot ChihiraAico shows off its singing voice: JT

ASEAN

• Shaky earnings show Indonesia’s economic recovery elusive: Reuters
• IPO drought hits swathes of Southeast Asia, Chinese stocks beckon: Reuters

Macro

• Should we be worried? This $300-billion man is dumping stocks and buying bonds: FP
• Chart that tells a story — ETF growth: FT

Energy & Commodities

• Much of the investing public will be sacrificed to the oil-money gods: FT

TMT

• Artificial-Intelligence Experts Are in High Demand; Tech firms, universities stock research centers amid push in hot area of computer science: WSJ
• At the Heart of Facebook’s Artificial Intelligence, Human Emotions: WSJ
• Apple Watch has lowest hardware cost to price: IHS: Reuters
• Will Tesla’s Newest Battery Pan Out? Rivals abound but key challenge will be driving down price of home battery packs: WSJ
• Microsoft (Yes, Microsoft) Has a Far-Out Vision: NYT
• Andreessen Horowitz, Deal Maker to the Stars of Silicon Valley: NYT
• As sensors shrink, watch as ‘wearables’ disappear: Reuters
• Apple and Samsung Are Friendly Again, and the Competition Should Be Terrified: Bloomberg
• The Philosophy Behind Elon Musk’s Bid to Turn Tesla Into a Home Battery Maker; The CEO’s “first principles” mantra forces employees to test the laws of nature and physics: Bloomberg
• Fifteen years of hurt: Tech stocks were a bubble in 2000 but they are not this time-yet: Economist

Healthcare

• How Linus Pauling duped America into believing vitamin C cures colds: Vox
• Worries are growing about the effects of dealmaking among generics firms: Economist

Consumer & Others

• Can Mattel Sell Girls on Superhero Action Figures?: Bloomberg
• Logistics M&A Still Out of Favor Despite Spate of Big Deals; Current focus is on smaller, asset-light companies: WSJ
• Chipotle vs. Science; Health-food advertising depends on the eagerness of the customer to be fooled.: WSJ
• Chipotle vs. Science; Health-food advertising depends on the eagerness of the customer to be fooled. WSJ
• Is It Too Late for McDonald’s to Save Itself? Burdened by size and success, McDonald’s is losing customers to smaller, nimbler rivals: Bloomberg
• McDonald’s to Reveal Comeback Recipe: What Options Are on Table?: Bloomberg
• Three of the world’s biggest defence companies are locked in a contest that could reshape the industry: Economist
• Managing bank balances: Deposits go walkabout; A startup puts idle money through its paces: Economist