Bamboo Innovator Daily Insight: 10 May (Sun) – Presidents, Mother’s Day and American Tradition

Life 

• Presidents, Mother’s Day and American Tradition: Forbes
• Creating grit in students; What if the secret of success is failure? Should an educator ever cause a student to feel frustated, even to fail?: JP
• Gen. Stanley McChrystal’s Lessons Learned: Five years after his firing, the former U.S. commander in Afghanistan on modern warfare, Islamic State and applying military lessons to the business world: WSJ
• Rodents Could Predict the Next Big Quake: bloomberg
• How Hells Angels and criminal gangs came to control much of the Vancouver docks: NP
• Is the Game Hive the Next Chess? The game Hive, in which players control bugs of different types, has unique tactics, but it echoes some concepts from chess: WSJ

Books

• Short-Selling with the O’Neil Disciples: Turn to the Dark Side of Trading: Amazon

Investing Process

• Picking a winning money manager is a losing game: SCMP
• Honeywell’s Shares Are a Better Bet Than GE’s; The industrial company has delivered the kind of results for a decade that GE is now hoping to produce: Barron’s
• China Ouhua Winery: When wine turns to whine and grapes to gripes, shouldn’t shareholders be told more and sooner?: TheStar

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

• Forget fundamentals when buying stocks in China, just follow the algorithm: SCMP
• Hi-tech heavyweights in China jump on wearables Bandwagon: WCT

India

• Behind Future-Bharti merger: Big e-tailers are eating Kishore Biyani’s lunch: FP

Macro

• Why a second emerging market debt storm could be worse than the first: Telegraph
• The debt ‘crisis’ in Canada? If your paycheque is $100,000 plus, that means you; Canadians’ relationship to debt has changed, with middle and upper tier earners awash in red ink. Now the challenge is how to manage a country that’s deep in hock — and not likely to ever climb out: FP
• ETFs Go Global: As international stocks surge, ETF investors are faced with a whole slew of new products. : Barron’s

Healthcare

• Sorry, Bill Ackman: Valeant Is No Berkshire; Valeant Pharmaceuticals has its strengths, but it is no Berkshire Hathaway, despite hedge-fund manager Bill Ackman’s intriguing assertion. Barron’s

TMT

• My Flip failure and other lessons for staying ahead of tech shifts: Cisco CEO John Chambers: BRW

Consumer & Others

• Engineers of addiction: Slot machines perfected addictive gaming. now, tech wants their tricks; IGT now makes 93 percent of the world’s video poker machines and is the largest manufacturer of video slots in the world: Verge