Bamboo Innovator Daily Insight: 6 May (Wed) – 7 Important Life Lessons Everyone Learns the Hard Way. What Is Your Purpose? We need to forge new ways to seriously discuss the deepest questions in life with modern tools


  • What Is Your Purpose? We need to forge new ways to seriously discuss the deepest questions in life with modern tools. NYT
  • 7 Important Life Lessons Everyone Learns the Hard Way: Marc&Angel
  • The $112 Billion CEO Succession Problem: Strategy&
  • The growing business of detecting unconscious bias: FastCo
  •  The New Rules for Growing Outside Your Core Business: HBR
  • Growing by adapting at speed; How do companies stay ahead when everyone is accelerating? Not by merely adapting to changing conditions, but by doing so quickly and decisively: McKinsey
  • Singapore PM Lee Hsien Loong shares source code for Sudoku project: e27
  • Walmart CEO: Waiting for consensus “can kill you”: Forbes
  • In face of IS successes, al-Qaida adapts, grows stronger: ChinaPost
  • 52 Years and Counting: America’s Longest-Serving CEOs: WSJ
  • In ‘Misbehaving,’ an Economics Professor Isn’t Afraid to Attack His Own: NYT


  • The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day: Amazon

Investing Process

  • What questions were asked and answered during the 50th annual Berkshire shareholders meeting 2015: SCMessina
  • Hewlett-Packard unveils details of $5bn Autonomy fraud case; HP says it overpaid by $5bn for Autonomy: GuardianTelegraph, FT
  • The strange case of Ashazi: Wirecard in Bahrain, via Singapore: FT
  • Origins of Chinese Bond Default Buried in Accounting Footnotes: Bloomberg
  • Efficient Inefficiency: The Oxymoron That Explains the Investing World: AQR
  • Secret Shorts: Nameless Naysayers Shake Markets in Twitter Age: Bloomberg

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

  • Bow To Your Billionaire Drone Overlord: Frank Wang’s Quest To Put DJI Robots Into The Sky: Forbes
  • How Chinese Oligarchs Used Fake Trade Invoices To Launder Almost $1 Trillion Globally: Zerohedge
  • China’s hobbled medical care system thwarts online medicine: WCT
  • Chinese auto firms turn to big data to help build new vehicles: WCT
  • 10 Years After IBM Buy, Lenovo Looks For New Relevance: Forbes
  • Dongfeng and FAW shares suspended amid reports of possible merger: FT
  • Shanghai bans officials’ relatives from running private businesses: FT
  • China’s New Investment Hype: Soccer Stocks: Forbes
  • China and a friendly reminder to keep watching those capital outflows: FT
  • Plunging China trade loans test Singapore banks: Reuters
  • Alibaba’s Slowing Growth in China Costs Investors $70 Billion: Bloomberg
  • Tea to tech: China’s cybersecurity push sparks a ‘gold rush’: Reuters


  • Corporate discord brews in India as Narendra Modi’s sheen dulls; Confusion remains over the prime minister’s vision for business: FT
  • Select home. Add to cart: Renting and buying homes online have portals and investors excited. But no one’s making money yet: Forbes
  • Why the Madura-Pantaloons merger makes sense: Forbes
  • Indian tax authorities suffered a setback in their efforts to impose a so-called minimum alternative tax (MAT) on foreign investors, as UK-based Aberdeen Asset Management (ADN.L) won temporary relief from a tax bill it was facing: Reuters

Japan & Korea

  • Doosan Group rose from humblest of beginnings; Oldest conglomerate began with ‘packman’ founder peddling wares: JA
  • Tycoon’s suicide highlights rampant corruption in Korea: KT
  • ‘Ransomware’ affecting PCs in Japan: JT
  • Nintendo’s Super Plan to Make Smartphone Games; The maker of Super Mario Bros. and other hits is finally bringing its games to the smartphone. Barron’s
  • Japan Pushes Big Companies to Pass Yen Benefits on to Suppliers: Bloomberg


  • More than a fifth of an estimated 250 mainboard-listed stocks trading below 20 cents have proposed consolidations to comply with the Singapore Exchange’s new rule aimed at curbing speculation and market manipulation: ST
  • War, peace and Coca-Cola in Vietnam: Hana Dang is one of her country’s top female entrepreneurs: FT
  • Ire-Tex auditors give qualified opinion due to impairment of related-party receiavbles an advanecs: TheStar


  • Pimco vs Vanguard: numbers tell the story: FT
  • Mergers and acquisitions boom driven by ‘jumbo’ deals: FT
  • The New Entrants to the Frothy Late-Stage Private Financing Market: WSJ
  •  ‘Ghost Malls’ Haunt Brazil; A number of malls that opened in the past few years are riddled with high vacancy rates, low traffic and anemic sales: WSJ
  • Buffett and Ackman Hate U.S. Bonds and the Losses Are Piling Up: Bloomberg


  • How Digital Leaders Outperform Their Peers: Strategy&
  • Why Apple wants to end the era of free music streaming: BI
  • Apple has an amazing opportunity to completely change TV if it uses this model: BI
  • Here’s why Apple sees a huge opportunity for Apple TV: BI
  • Google Ventures partner compares failed startup Secret to ‘a bank heist’: BI
  • Slack’s $2.8 Billion Dollar Secret Sauce; How Slack stole a multi-billion dollar market by becoming everyone’s favorite sassy robot sidekick.: Medium
  • This Dutch travel portal clocked US$105M annual turnover in just 5 years: e27
  • There’s an Uber for Everything Now; Apps do your chores: shopping, parking, cooking, cleaning, packing, shipping and more: WSJ
  • How 3-D Printing Is Saving the Italian Artisan; Italy’s craftsmen turn to a new tool in their competition with cheap products from China: Bloomberg
  • Google Sees Automated Flight Going ‘All the Way’ to Airlines: Bloomberg

Energy & Commodities

  • The House of Saud’s embryonic embrace of meritocracy: FT
  • Norway’s $900 Billion Fund Might Stop Getting Fresh Cash; New capital transferred into the nation’s sovereign wealth fund is falling: Bloomberg
  • Never Mind Oil, Iran’s About to Shake the World Pistachio Market: Bloomberg


  • Bill Ackman: Valeant could be the next Berkshire Hathaway: Fortune

Consumer & Others

  • McDonald’s attempts a turnaround: Selling franchises and reorganising foreign markets might not be enough to turn things around: Economist
  • Nike blew the door wide open for Under Armour’s success: BI
  • McDonald’s may struggle to replicate British success: FT
  • Cosmetics Industry Applies Asian Trends to West; Cosmetics Industry Applies Asian Trends to West: WSJ

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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