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
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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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