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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
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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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