Bamboo Innovator Daily Insight: 7 May (Thurs) – Questions of Character: Illuminating the Heart of Leadership Through Literature; What Hollywood Can Teach Us About the Future of Work: The winners will have curiosity, creativity and more tools available to help them connect with their audience

Life

• What Hollywood Can Teach Us About the Future of Work: The winners will have curiosity, creativity and more tools available to help them connect with their audience: NYT
• CEO of the Bill & Melinda Gates Foundation explains the most important leadership lesson she’s ever learned; Sue Desmond-Hellmann: Helping People Find Their Sweet Spot: BI, NYT
• Baby Buffett: Will Bill Ackman Resurrect The Ghost Of Howard Hughes And Build A Corporate Empire?: Forbes
• Forbes think Bill Ackman might be the next Warren Buffett: BI
• 10 lessons to learn from world’s fastest growing startups: Dailysocial
• Hargreaves Lansdown founder: ‘Most fund managers are complete morons’; Peter Hargreaves, who became a billionaire by selling funds, has made an outspoken attack on the managers who run them: Telegraph
• How Not to Drown in Numbers: The key question isn’t “What did I measure?” but “What did I miss?”: NYT
• These are the richest billionaires in every European country – and how they made their money: BI
• The World’s Largest Companies: Forbes
• Volkswagen battle highlights contrast between family-run firms in Asia and Europe: SCMP
• The origin of complex life: Shape-shifters; The ancient ancestors of animal and plant cells have just been identified: Economist
• We can already send thoughts from one brain to another – and that might eventually let us download skills: BI
• Op-Ed: Dear startup founders, don’t be thankless; Founders should not forget that along with the huge sums, comes an obligation to act responsibly: e27
• Is this the rudest CEO resignation letter ever?: Telegraph
• Relying on Product Reviews? Knowing How a Company Treats Its Customers Is Just as Valuable: NYT
• Get in the Right State of Mind for Any Negotiation: HBR

Books

• Questions of Character: Illuminating the Heart of Leadership Through Literature: Amazon

Investing Process

• Consequences of risky bets: The No. 1 rule for all stock investors is to never buy stocks with borrowed money. KT
• The trouble with factors: HSOTM

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

• Buffett’s Chinese fans make Omaha pilgrimage to see the sage: FT
• China will remove price caps for most medicines from June 1 and give the market a larger role in setting prices in the world’s second largest pharmaceutical market: Reuters
• Doubts raised over China plays in global indices amid governance concerns: SCMP
• 2015 Global 2000: The Largest Companies In China: Forbes
• Chinese Solar Firm Hanergy’s Stellar Rise Mints Millionaires; Option holders take advantage as shares surge at Hanergy Thin Film. It isn’t clear who holds all the options: WSJ
• Could crowdfunding and new markets replace Hong Kong’s GEM board?: SCMP
• HK GEM board seen as not fulfilling its mission of growing companies: SCMP
• China’s Canton Fair hits headwinds as trade slumps: SCMP
• Building work starts on first all-robot manufacturing plant in China’s Dongguan : SCMP
• China’s smartphone market gets even more crowded: FT
• A Glimpse at China’s E-Learning Market [Infographic]: Technode
• China’s Angry Cabbies Beat Back Uber: Bloomberg
• After Fresh Investment, Chinese Drone Maker DJI Valued at About $8 Billion: WSJ

India

• India moves closer to biggest tax reform in decades: Reuters
• Housing.com’s Startup Shenanigans Agitate India’s E-commerce Sector: Forbes

Japan & Korea

• Self-driving cars are expected to be commercially available in South Korea by 2020: KH
• The head of South Korea’s third-largest steelmaker was arrested Thursday over allegations he gambled abroad with embezzlement money.: KH
• Cheil Industries shares dive on uncertainty about Samsung revamp after a media report said parent Samsung Group would not adopt a holding company structure for generational succession. Reuters

ASEAN

• Audit firm: ‘Possible irregularities’ in Scanwolf Corp Bhd in the company and some of its subsidiaries in the property development division. TheStar
• Think long-term – businesses must build a growth, not just a yield, market in Singapore: BT
• An 11-Year legal battle involving a staggering US$4.1 billion (S$5.5 billion) claim against a Singapore family has moved to the High Court here after a lengthy US legal case which centres on a failed China technology investment back in 2000: ST
• Indonesia Needs ‘Very Fast’ Action on Growth, Minister Says; Economics chief says 2015 growth target is no longer realistic, but says president remains undaunted: WSJ
• Indonesia in Danger of Losing the KPK: JG

Macro

• Small Company Stocks Face Liquidity Test; SEC approved a two-year pilot program that will test whether stocks traded in larger-than-a-penny increments will improve trading and liquidity for small companies: WSJ
• Reverse speed: Bond yields are suddenly rising: Economist
• Bond market fireworks flash warning signals; Gyrating debt yields are symptomatic of general market dysfunction: FT
• Are we there yet? Has the great turning point in bond markets after which yields will rise, prices fall and teeth gnash arrived?: FT
• Rising bond yields spark rush for exits: FT
• The End of Mark Mobius’s Reign as King of Emerging-Market Stocks: Bloomberg
• Despite A Creeping Recession In Europe, Entrepreneurial Ecosystems Are Developing: Techcrunch
• Wary of bond ‘cliff,’ Fed plans cautious cuts to portfolio: Reuters
• In France, It Takes Forever to Convert Cow Dung Into Cash Flow: Bloomberg
• In These 21 Countries, a 40-Hour Work Week Still Keeps Families in Poverty; It’s hard to get by on a minimum-wage paycheck in most countries the OECD examined: Bloomberg

TMT

• What Makes a Technology Innovator?: WSJ
• Brain technology patents soar as companies get inside people’s heads: Reuters
• ELON MUSK: It would be ‘great’ if Apple got into the car business: BI
• The Amazon Web Services (AWS) IPO: Stratechery
• Denmark moves step closer to being a cashless country: Telegraph
• With Oculus announcing a release date, next spring is set to be the Virtual Reality coming-out-party: FP

Energy & Commodities

• Big Oil Companies Find Gains in Trading; Volatility, contango help BP and Shell during spell of low oil prices: WSJ
• Shale looks more like dotcom boom than Lehman debt bubble; How David Einhorn flagged up important weaknesses in shale oil business model: FT
• Fracking: The energy revolution that shook the world; Scientists say shale boom to blame for Oklahoma’s earthquakes, prompting calls for industry crackdown: FT
• Social media’s influence in beauty market grows; But so does criticism over blurred lines between makeup industry, content creators: JA
• The World Shrinks for Goldman as Commodity Rout Snares Ships: bloomberg
• There’s One Part of the World Where the Oil Industry Is Booming: bloomberg

Healthcare

• How IBM Watson will impact our fight against cancer: WaPo
• Humans are genetically modifying mosquitoes to fight a disease we helped create: Quartz
• Success of Gene Therapy to Treat Blind Fades With Follow-Up: Bloomberg

Consumer & Others

• The world’s first self-driving semi-truck hits the road: Wired
• How self-driving tractor-trailers may reinvent what it means to be a truck driver: WaPo
• Scared of Self-Driving Cars? They’re a Lot Closer Than You Think : Bloomberg
• The first self-driving vehicle you see may have 18 wheels: JP
• Wal-Mart’s Mission: Connecting Customers With Online Orders; Retailer focuses on creating pickup points for goods ordered online: WSJ
• How PepsiCo Convinced You That Lays Were Cool Again: K@W
• New Tricks: How Old Brands Can Still Surprise Consumers: K@W
• Swatch CEO says will release new battery for watches, cars: paper: Reuters
• Airline baggage fees: Sky-high profits: Economist
• ClassPass, a startup that gym rats and investors love, is now a $400 million company; ClassPass is a monthly membership program that lets users pay a flat fee to take fitness classes at different gyms and studios.: BI
• Michael Kors made one mistake that undermined its business: BI
• Domino’s driver-tracking lets you follow a pizza from the oven to your door: TheAge
• ‘Whole Paycheck’ no more? Whole Foods to launch lower-priced grocery chain: Fortune
• Another Career College Group Shuts Down As the For-Profit Education Industry Implodes: Bloomberg
• What McDonald’s Learned From Burger King’s Turnaround; Maybe America’s biggest burger chain will try selling Whoppers next?: Bloomberg
• Twilight of One-Hour Photo, America’s Fastest-Fading Business; No other business over the past 15 years has died off with the near-totality of the all-American photo shop. There are now just 190 left: Bloomberg
• Staying Out of Whole Foods’ Orbit; Why one small juice company wanted to grow on its own: WSJ
• Whole Foods Calls the Shots for Startups; Companies tweak ingredients, labels to win the retailer’s blessing: WSJ
• Whole Foods Plans Lower-Cost Chain; New stores will target younger shoppers, try to fend off competition as growth slows: WSJ