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Bamboo Innovator Daily Insight: 12 May (Tues) – Hulu founder to new grads: Don’t be afraid to pave your own road to success

Life 

  • Hulu founder to new grads: Don’t be afraid to pave your own road to success: BI
  • What’s the Point of a Professor? We used to be mentors and moral authorities. Now we just hand out A’s. NYT
  • How to spot a compliment with an ulterior motive: BI
  • Words in Japanese that describe timing and conditions make it easy for speakers to be incredibly precise using very few words. JT
  • The 22 most memorable quotes from the new Elon Musk book, ranked: WaPo
  • 15 Words of Wisdom on Finding an Edge: JJ

Investing Process

  •  The Knowledge Effect: Excess Returns Of Highly Innovative Companies: SeekingAlpha
  •  Lumber Liquidators’ choice of Ernst & Young’s Gregory Whirley as the embattled retailer’s CFO shows accounting firms remain a talent pool for companies but also highlights a gray area in auditor-independence rules. WSJ

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 stock bubble has gotten so outrageous this stock rose 10% after the company changed its name: BI
  • HK-listed Chinese small caps plunge on SFC market probe rumors: Standard
  • Chinese coal exporter Winsway defaults on offshore bond, China’s third this year: Reuters
  • A gilded retirement for China’s elders; The same Communist party that took away their youth is allowing them to enjoy their dotage: FT
  • China tech mania propels start-up board to record high: FT
  • Nick Leeson warns Hong Kong of Shanghai stock connect’s ‘rogue trading’ risks; Conditions ripe for market manipulation, says the trader who brought down Barings: SCMP
  • Building on years of success: Taiwan’s health care challenges: KT
  • China’s Baby Steps Toward Economic Disaster: Bloomberg
  • Searching for the Next Jack Ma: Bloomberg

India

  • India’s No.2 Offline Retailer, Future Group, Battles Booming Online Rivals: Forbes

Japan & Korea

  • Stores struggle to adjust in a shrinking Japan: JT

ASEAN

  • Johor property glut prompts Singapore Govt to warn buyers of risks: TODAY
  • Ski Lifts in a Tropical City? An Indonesian Answer to Gridlock: Bloomberg

Macro

  • Could Europe’s push for shareholder rights backfire?: Fortune
  • Nouriel Roubini thinks there’s a lot of money laundering going on in the art market: BI
  •  Shed no tears for slow demise of the joint CEO-chair role; Bank of America aside, the global trend has turned against title-hogging corporate leaders: FT
  • Small investors focus of trading shake-up: FT
  • The $900 Billion Influx That’s Wreaking Havoc in U.S. Bills: Bloomberg
  •  In Asia, Debt Market Gets Tougher; Bond investors have become more demanding, seeking higher interest rates and better terms for the debt: WSJ
  • How News Corp ended up being the nation’s No.1 tax risk: TheAge
  • America’s Future Got $7 Trillion Worse Since the Financial Crisis: Bloomberg

Energy & Commodities

  • Castleton: From Louis Dreyfus energy arm to commodities powerhouse: Reuters

TMT

  • Former MySpace CEO and LA tech guru explains Facebook’s brilliant strategy to avoid disruption: BI
  •  ‘Number two is next to worthless’: Just Eat’s CEO justifies spending $855m on Menulog: BRW
  • TV Networks Borrow Page From Digital Rivals to Attract Advertisers: NYT
  • Reed Hastings on the future of non-linear television; The future of television is about much more than just a change in the way that TV content is delivered, says Netflix’s CEO: Fortune
  • ADP makes a bet on big data: WaPo
  • Bosch CEO Remakes Company Around ‘Internet of Things’; German manufacturer envisions smart everything, embraces Silicon Valley: WSJ
  • The ad industry is creating a blacklist for Web sites associated with online ad fraud, a move meant to spread the word about bad actors and help crack down on an activity that is costing marketers.: WSJ
  • Moore’s Law Reaches 50 as Chip Industry Faces New Challenges: Bloomberg

Consumer & Others

  • “Vanity capital” is the new metric for narcissism, and analysts say its value worldwide is greater than Germany’s GDP: Quartz
  • How Taiwan takes the convenience store to the next level: WCT
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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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