Bamboo Innovator Daily Insight: 8 May (Fri) – What 13 highly successful people read every morning: Buffett reads the Wall Street Journal, the Financial Times, the New York Times, USA Today, the Omaha World-Herald, and the American Banker in the mornings

Life

  • What 13 highly successful people read every morning: BI
  • Danger of doing the right thing; We all have a moral accounting system. We need to become aware of the process, and learn to stay the repeat the good: KT
  • 11 years ago, a mom wrote one letter a day to her daughter to help her through 6th grade – and her advice is timeless: BI
  • Competing With Ordinary Resources: MIT
  • 10 Core Questions That Will Tell You If You’re Ready To Become A Thought Leader: Forbes
  • Here’s how standardized tests like the SAT have poisoned America’s classrooms: BI
  •  Twitter CEO Dick Costolo Q&A: What to Do When People Say ‘You Suck’: Bloomberg
  • Chess champion Magnus Carlsen told us how he decides to make a move, and it’s not what we expected: BI
  • The eight essentials of innovation; Strategic and organizational factors are what separate successful big-company innovators from the rest of the field. McKinsey
  • Dogbert Explains ‘Diversification’ In Today’s Market: Zerohedge
  • Daniel Loeb Criticizes Warren Buffett, in a Rare Public Swipe: Hedge-fund investor Loeb sees a ‘disconnect’ between words and deeds of esteemed Berkshire CEO: WSJ
  • Learning the Language of Indirectness: HBR
  • What Big Companies Get Wrong About Innovation Metrics: HBR
  • How to Give a Killer Presentation: HBR
  • Warren Buffett Under Attack On Multiple Fronts: Forbes
  • Kynikos Associates Jim Chanos thinks the weak minded follow personalities, while the strong follow ideas: VW
  • In the NBA, No Job Is Safe; Why winning coaches are still getting fired despite success on the sidelines: WSJ
  • My Number One Advice for Startups or VCs: Conviction > Consensus: BSOTT
  • Why Compassion Is a Better Managerial Tactic than Toughness: HBR

Investing Process

  • Berkshire Hathaway’s List Of Invested & Acquired Companies 1977-2014 [INFOGRAPHIC]: SCMessina
  • Charlie Munger — Part Ten: Conclusion: VW
  • How to identify ‘moat’ stocks: Globe&Mail
  • How Managers Manipulate Earnings And How To Avoid Value Traps: VW
  • What Lee Kuan Yew Teaches Us About Investing. LukasNeely
  • U.S. Companies May Gain Ability to Reconcile to IFRS Accounting: WSJ
  • 13 Insights From Paul Tudor Jones: Ivanhoff
  • Institutions Fuel Smart Beta ETF Liquidity: ETF

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 Very High Mountain of Debt; Total debt is at 282 percent of GDP, with the rapid pace of credit expansion worrying policy makers. Bloomberg
  • The Hot Money Cools on China; Some $300 billion has been moved out in the past six months: Bloomberg
  • Sweet success? Chinese food giant hopes candies are magic ingredient in global plans: SCMP
  • Fears for real estate jobs amid cyclical downturn in China: SCMP
  • China’s Party Media Offers Whiplash-Inducing Investment Advice: WSJ
  • Move Over, France-Here Comes China; The country that shook the global wine market as a consumer may soon do it again as a producer: WSJ
  • Chinese banks a haven for web counterfeits: JP
  • Multi Bintang profits collapse on government alcohol ban: JP
  • China triples number of state-owned firms in commodity derivatives trading: SCMP
  • More China developers expected to default despite property market recovery: SCMP
  • Lessons From China’s Counterfeit Crackdown; Authenticity begins to trump price in the nation’s online marketplaces: Bloomberg
  • Alibaba, Tencent Expand into Innovative Access; The Internet giants are heeding a government call to promote innovation in public services and promote business start-ups: Caixin

India

  • India: Learning a hard lesson; While billions are spent on new schools to boost literacy and growth, teaching standards lag behind: FT

Japan & Korea

  • Forget Loeb. Toyota Courts Japan’s Mom-and-Pop Investors: Bloomberg
  • Nintendo Co. plans to bring videogame characters such as Mario the plumber to theme parks, in another step to expand into new areas to prop up its traditional console business: WSJ
  • Japan’s convenience stores catering more to elderly as demographics shift: JT

ASEAN

  • The Changing Face of Thailand’s Junta; A year after coup, Gen. Prayuth gives no sign of exit plan: WSJ
  • Investors Steer Clear of Southeast Asia; Money goes north as China, Japan, South Korea, as governments try to bring growth: WSJ
  • After decades of decay, Myanmar bets on Thilawa to lead industry boom:Reuters
  • SGX’s minimum trading price: painful but necessary: BT
  • Insurance portal raises transparency, pushes insurers to be competitive: BT
  • In word-of-mouth Myanmar, startups must enter ‘trusted circle’: e27
  • After decades of decay, Myanmar bets on Thilawa to lead industry boom: Reuters

Macro

  • Global Bond Selloff Reaches Asia; Triggered by signs of improving global economy, which could send interest rates higher: WSJ
  • Buffett Climbs From Derivative Hole That Swallowed Berkshire AAA: Bloomberg
  • Ex-Wilmington Trust CFO Accused of Disclosure Fraud; SEC charges ex-executives with failing to accurately disclose past-due loans during the financial crisis: CFO
  • The Deal-Maker’s Economy: Abundant money goes to financial engineering, rather than investment.: WSJ
  • Beauty of Dodd-Frank Reforms in Beholder’s Eye: WSJ
  • It’s Bonds That Are Overvalued, Not Stocks. Here’s Why: WSJ
  • Bond sell-off reveals market’s new equilibrium; Japan’s bond bear market in 2003 offers clues on what is to come: FT
  • Debt hangover ruins the American dream; There are ‘eerie parallels’ between the loan tale and subprime mortgages: FT
  • Norway to slash electric car perks because it’s costing government too much money: Telegraph

TMT

  • Borges’ map: Navigating a World of Digital Disruption: BCG
  • Fitness tracking device maker Fitbit files for IPO: Reuters
  • How a Con Man Stole Millions Selling Fake Facebook Shares: Bloomberg
  • ‘Unicorn’ Startups Say High Valuations Justified, Citing Big Growth Ahead: WSJ
  • Mobile Apps Get Picked Up by Independent Truckers For Better Routes: WSJ
  • Online store merger prods luxury goods makers toward Internet: Reuters
  • Hospitals are testing a way to detect malware by analyzing the flow of electricity to connected devices: BI
  • Microsoft Hololens: an ambitious punt on wearable technology: FT
  • Yahoo Taiwan introduces new photo-based shopping method: WCT
  • Silicon Valley Then and Now: To Invent the Future, You Must Understand the Past: Medium
  • Ocado develops new robot system to pick and pack groceries; Online supermarket files patent in US which cuts out need for warehouse aisles or the staff driving around them: Guardian

Energy & Commodities

  • Saudis Splurge in Asia to Win Loyal Oil Customers for Decades: Bloomberg
  • Asia’s $800 Billion Nuclear Splurge to Unlock Uranium Motherlode: Bloomberg
  • Oil Looks Like the Most Important Thing to 30-Year Bond Traders: Bloomberg

Healthcare

  • Abuse of Pain Pills Fuels Virus’s Spread, Confounding Regulators: Bloomberg
  • Scientists think they can cure blindness within 15 years – here’s their plan: BI
  • 5 new technologies that let the disabled + bedridden experience the world again: TED

Consumer & Others

  • These 10 companies control almost everything you wear: SCMP
  • McDonald’s Should Fear Its Franchisees: Bloomberg
  • For-Profit College Implosion Intensifies as More Campuses Shut Down: Bloomberg
  • Target, Wal-Mart Race to Construct Fulfillment Centers for E-Commerce Business: WSJ
  • Wal-Mart Builds Supply Chain to Meet E-Commerce Demands; Distribution centers dedicated to online sales are part of a new logistics strategy as the retail industry sees customers take sales online: WSJ
  • An Exotic Cashmere Upends Lululemon; Founder was isolated at yoga-pants maker after helping wife with her ‘athleisure’ brand: WSJ
  • Amid Sale, GE Capital Struggles to Keep Most Valuable Asset: Its Employees: WSJ
  • Why Trader Joe’s is way cheaper than Whole Foods; Trader Joe’s sells twice as much per square foot as Whole Foods.: BI
  • Daimler Freightliner keeps on truckin’ with driverless evolution: FT
  • Children’s book sales soar back to magical days of Harry Potter: FT
  • McDonald’s Hamburglar revival may be stroke of genius in millennial marketing; Is McDonald’s new hipster Hamburglar one reboot too many?: Guardian1, Guardian2
  • From McDonald’s to Barbie, iconic brands are struggling: Fortune
Advertisements

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: