Bamboo Innovator Daily Insight: 13 May (Wed) – Gates: 50 Years of Warren’s Wisdom; Marc Andreessen paid a midnight visit to the founders of Airbnb that ‘changed the company forever’; From pumping gas to a $6 billion fortune — the impressive rags-to-riches story of Forever 21′s husband-and-wife cofounders


  • 50 Years of Warren’s Wisdom: GatesNotes
  • Marc Andreessen paid a midnight visit to the founders of Airbnb that ‘changed the company forever’: BI
  • From pumping gas to a $6 billion fortune — the impressive rags-to-riches story of Forever 21′s husband-and-wife cofounders: BI
  • Mr HDB Mr Lim Km San: He proved HDB critics wrong: AsiaOne
  • Warren Buffett tells Bill Gates why he’s such an optimist: BI
  • How playing World of Warcraft every day for a year led Robert Hohman to found a US$1 billion start-up: SCMP
  • A UK productivity evangelist with eyes on £300bn prize; John Neill believes ‘Unipart Way’ can help UK business compete: FT
  • Bill Gates, Andy Grove and Steve Jobs: The Strategies They Shared: NYT
  • What the Starbucks CEO Learned from Gen. McChrystal: Generalship is more like gardening than playing chess says the man who tracked down Saddam Hussein and al-Zarqawi.: WSJ
  • To Win People Over, Speak to Their Wants and Needs: HBR
  • What sets LeBron James truly apart? His mind. Fortune
  • The incredible life of Jimmy Choo founder Tamara Mellon: BI
  • CEO: How a small shift in my language opened up massive growth opportunities: BI
  • What Is Strategy, Again?: HBR
  • Schwarzman: Harvard Admitted Rejecting Me Was a Mistake: Bloomberg
  • Elon Musk’s childhood was ‘excruciating’ and he got beaten up a lot: BI
  • Comic book writer explains how she gets paid to make people uncomfortable: BI
  • 10 proven tactics for reading people’s body language: BI
  • Google has a secret apartment where Larry Page and Elon Musk meet to discuss crazy ideas about the future: BI
  • The world’s lust for new technology is creating a ‘hell on Earth’ in Mongolia: BI
  • Banks Rethink Common Sales Tricks: Long-acceptable trading tactics on Wall Street become potential criminal offenses: WSJ
  • Buddhist Monk in Thailand Relies on Karma for Lending Success; Microlender sets interest according to borrower’s good deeds, avoids defaults with neighborly peer pressure: WSJ
  • ‘Revolution of the Eye: Modern Art and the Birth of American Television’ Review: WSJ


  • Team of Teams: New Rules of Engagement for a Complex World: Amazon

Investing Process

  • Detailed Notes From Berkshire Shareholder Meeting 2015: Gurufocus1, 2
  • SEC Charges ITT Educational Services, Top Executives With Fraud; For-profit educator allegedly hid poor performance, financial impact of student-loan programs: WSJ
  • It’s Rothschild vs. Widjaja: Superrich Battle Over Indonesia Coal Mine; Wealthy families from opposite sides of the world offer competing plans to restructure debt of Indonesian coal miner: WSJ
  • SEC Receives At Least One Audit Independence Query Daily: WSJ
  • Diamond Hill Launches First ETF: Barron’s
  • Index funds killed the mutual fund star; Only four funds have beaten the S&P 500 for the last eight years: Marketwatch
  • How Overconfident CEOs Could Take Down the Firm: K@W
  • Vertical Integration 2.0: An Old Strategy Makes a Comeback: Strategy&
  • Why multi-factor funds are smarter beta? A fascinating new take on an old strategy tries to beat the market for longer: FT
  • Index based on social media sentiment gives new weight to tweets: InvestmentNews

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

  • The start-up frenzy gripping China: BusinessSpectator
  • Why Asia’s Richest Man Wang Jianlin Is Investing $10 Billion In America: Forbes
  • China’s Stock-Market Boom Won’t Erase Bad Debts; The wrong companies are taking advantage of China’s frothy markets to sell new shares: WSJ
  • China’s liquor kings stomach record short-term debts owed by distributors and relearn trade after clampdown on lavish spending: AsiaOne
  • WeChat is Tencent’s ace in China’s online entertainment race: Reuters
  • Fridge magnate: Zhang shifts Haier focus for wireless age: Reuters
  • China, when a hot money outflow threatens to become a torrent: FT
  • Yan Tat (1480 HK) hit amid `pump and dump’ fear : Standard
  • Psychiatry and Buddhism trending as China seeks inner peace: WCT
  • Quantity doesn’t equal quality in China’s robotics industry: WCT
  • Big data helped Gome sell 80,000 iPhone 6 units in a day: WCT
  • With Xiaomi Deal, Midea Bets on Smarter Future: Caixin
  • hina is launching a broad stimulus to help local governments restructure trillions of dollars in debts while prodding banks to lend more, as fresh data added to signs of a worsening slowdown : WSJ
  • Li Ka-shing’s new property unit Cheung Kong Property Holdings is valued at $54 billion: Nikkei
  • Zhao Wei nets $101m from investment as China stocks soar: AsiaOne
  • China Convinces Mobius It’s Ready for MSCI: Bloomberg
  • Air Bubble Shield For Dangerous Smog To Be Tested In Beijing: Bloomberg
  • Rush of Chinese Money on Hong Kong Bourse Spurs Tax Windfall; Hong Kong imposes a 0.1 percent tax on the purchase or sale of stocks. The levy generated 9 percent of the city’s revenue in the 2013-14 tax year : Bloomberg
  • Bosses to Billions: Xi Meeting Modi Revives Faded Chindia Dream: Bloomberg
  • Fridge magnate: Zhang shifts Haier focus for wireless age: Reuters
  • WeChat is Tencent’s ace in China’s online entertainment race: Reuters
  • Now for the Clean-Up: China Crafts Solution for Local-Debt Mess: Bloomberg
  • Banishing Ghosts But Looking for Life: A Chinese Ghost City Two Years On: NYT


  • Online Groceries in India: Will Consumers Bite?: K@W
  • India may not be the El Dorado Chinese handset makers believe: WCT
  • After one year Modi’s India has sparks but no boom; The central bank governor is openly sceptical of the official data: FT
  • India should carve its tax code in stone; A company thinks it has settled its bill, next minute it is being hit for billions in retroactive levies: FT
  • It’ll Take More Than $4 a Day to Improve Life for India’s Workers: Bloomberg
  • This Woman Helped Build A New Indian Stock Exchange. Now She Runs It: Bloomberg
  • One Year In, Modi Euphoria Fades Along With Indian Stocks: Bloomberg

Japan & Korea

  • After Galaxy Smartphone Debacle, Samsung Questions Game Plan; Heir apparent is likely to rethink his father’s big-scale strategy; the iPhone 6 challenge: WSJ
  • What to Know About Samsung: WSJ
  • LG to nurture beauty, bio start-ups; Group shares 52,000 patents with venture firms through regional creative economy center: KH
  •  Japan wants its high-tech toilets to conquer the world: Quartz
  • Samsung Seeks to Make Own Components Core of Internet of Things: Bloomberg


  • “1 out of 3 Samsung phones are made in Vietnam”: e27
  • Singapore developers face competition from home sellers in slow market: Reuters
  • Masteel shares suspended for failing to submit audited accounts: Star
  • China auto giant SAIC Motor to invest up to RM1b in Malaysia’s AP King’s commercial vehicle arm; Syed Azman is known as the “AP King” for his dominance in bringing in imported vehicles under a franchise approved permit system: Star
  • Indonesia to tighten corporate debt financing rules: Reuters
  • Indonesia’s “cocoa doctors” may help avoid looming supply crunch: Reuterss
  • Mooted Hong Kong-Taiwan stock link runs into wall of scepticism: reuters


  • After Scandals, Evaluating Pension Funds’ Middleman; former Calpers CEO steered more than $3 billion in funds to the private equity firm Apollo Global Management after being bribed by a placement agent firm : NYT
  • This is €1trn less nuts: Europe has “lost” almost €1tr of negative yielding assets in the last month.: FT
  • Dollar v EM currencies: which will win?: FT
  • Bond Market Meltdown Deconstructed: Five Charts That Explain Why: Bloomberg
  • Does Picasso Sale Signal a Top for Stocks?: Bloomberg


  • Airbnb grows to 1 million rooms; Airbnb now has more places to sleep than hotel giants like Marriott and Hilto: TheAge
  • Facebook Begins Testing Instant Articles From News Publishers: NYT
  • Moore’s Law Turns 50: At 86, the man himself looks back at some of the predictions he made and how they have held up. NYT
  • Here’s how Marc Benioff tested Satya Nadella before deciding to cozy up with Microsoft: BI
  • Main Street Portfolios Are Investing in Unicorns: NYT
  • Mobile Apps Get Picked Up by Independent Truckers for Better Routes: WSJ
  • CIO’s Role Is (Mostly) All Business: WSJ
  • Coming Soon to Your Smartwatch: Ads Targeting Captive Eyeballs: Bloomberg


  • Drug-resistant ‘superbug’ strain of typhoid spreads worldwide: Reuters
  • A Top Cardiologist Says A Diet Drug Maker Misled Patients And Investors: Forbes
  • Jennifer Doudna, a Pioneer Who Helped Simplify Genome Editing. But she is stuck in a patent fight over it.: NYT
  • The iPhone’s next big thing: Force Touch, Apple’s patented technology for creating the tactile illusion of a pressure-sensitive screen: Fortune


  • Valeant Pharmaceuticals International Inc. is becoming the 800-pound gorilla of the TSX — and that should worry index investors: FP
  • GlaxoSmithKline chief seeks immunity from sector’s herd mentality: FT
  • How DNA sequencing is transforming the hunt for new drugs: Reuters

Energy & Commodities

  •  Fear of Ruin as Disease Takes Hold of Italy’s Olive Trees: NYT
  • IEA: OPEC Battle for Oil Market Share Just Beginning: WSJ
  • Oil glut worsens as OPEC market-share battle just beginning: IEA: Reuters
  • Oil’s Not Coming Back. Here’s Why: Bloomberg
  • $100 Oil Long Gone Puts Norway Closer to Plundering Wealth Fund: Bloomberg

Consumer & Others

  • Starbucks is poised to become the next McDonald’s: BI
  • Wegmans is a great grocery store because it’s a great employer: Quartz
  • Autonomous cars will destroy millions of jobs and reshape the US economy by 2025: Quartz
  • Back to the Future: GE’s Retooling into an Industrial Powerhouse: K@W
  • Jay H. Baker: How Kohl’s Carved Out a Retail Niche: K@W
  • How Sephora fights fakes in China: Fortune
  •  Lego made 3 changes that saved its business from bankruptcy and made it the world’s most powerful toy company: BI
  • T.J. Maxx is beating the competition by focusing on one thing: creating a treasure hunt for shoppers: BI
  • Restaurants’ Secrets to Keeping VIP Diners Happy; Databases, clandestine food deliveries and other ways to please big-spending repeat customers: WSJ
  • Domino’s: Order your pizza via a tweet emoji: CNN

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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