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