Bamboo Innovator Daily Insight: 14 May (Thurs) – The one thing Bill Gates understood immediately but took 20 years for Steve Jobs to realize; Warren Buffett on How he Keeps up with Information


  • The one thing Bill Gates understood immediately but took 20 years for Steve Jobs to realize: BI
  • Warren Buffett on How he Keeps up with Information: Farnam
  • Happy birthday, Mark Zuckerberg! 13 quotes that show how he built the social network that took over the world: BI
  • From a college dropout to a $54 billion fortune – the incredible rags-to-riches story of Oracle founder Larry Ellison: BI
  • The real story behind Android’s little green robot mascot: BI
  • When Do You Do Your Best Thinking? How six innovators work through their work problems: Bloomberg
  • Why Hitler was such a successful orator: BI
  • Bond Trader’s Judge Asks What’s Puffery and What’s Fraud; “Our hope going forward is that people will just stop lying, about anything.”: Bloomberg
  • Elon Musk’s Space Dream Almost Killed Tesla: Bloomberg
  • The Psychology of Choking Under Pressure: NYT
  • Asian Families Slow to Consider Succession: Nearly 90% of Asia’s wealthy lack a plan to transfer control of the family business to the next generation. Barron’s
  • 11 Things Ultra-Productive People Do Differently: Forbes
  • A leader needs a sidekick: Greatness is not accomplished nobly, and the glorious achievement of Lincoln was made from muck. JA
  • A former exec realized how big Alibaba was going to be when Jeff Bezos copied part of its founder’s speech: BI
  • Picasso is not just a valuable abstract: The financial worth of any work of art remains as mysterious and unknowable as Mona Lisa’s smile: FT
  • How do you govern a disrupted world?: McKinsey

Investing Process

  • A Dozen Things Taught by Warren Buffett in his 50th Anniversary Letter that will Benefit Ordinary Investors: 25iq
  • Wesley Clark: The Penny-Stock General; As long as there have been fraudulent stocks to tout, promoters have used the names of prominent people to gain the confidence of the public: Bloomberg
  • About $91 Million of Avon Stock Traded at Peak of Frenzy; As If 85 Million Avon Products Shares Short Suddenly Cried Out; is the next big thing on Wall Street robot-generated fake LBO letters targeting the most shorted stocks?: Bloomberg, Zerohedge
  • Can Third Avenue Get Back on Track? Marty Whitman’s fabled value shop is struggling to regain its performance edge. A new manager with an eye on risk could help. Barron’s
  •  I never forgot my college economics professor’s simple warning about the problem with stock market charts: BI
  • The football club, the chemicals maker and the newspaper group. Or, Hong Kong’s $12bn of trapped capital in prolonged suspended stocks: FT
  • The Myth of Shareholder Value: Interview with Sodexo CEO Michel Landel: Bloomberg

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

  • Tencent’s Dash for Mobile Cash: Barron’s
  •  Internet companies heat up smart hardware competition in China: WCT
  • How sweet it is: Candy market in China looks to grow: WCT
  • Banking Regulator Tells Branches to Be On Guard for Deposit Scams: Caixin
  • Chinese banks’ reported NPL ratios distorted by non-loan credit risk: Fitch: JP
  • The Chinese government is looking at stripping its biggest energy companies of their oil and gas pipelines, as part of sweeping industry reforms that would see the assets spun off into independent businesses: Bloomberg
  • Chinese Iron Ore Prices Plunge After CISA Warns Of Persistent Overcapacity: Zerohedge
  • China’s vitamin market harder to crack for western companies: FT
  •  In China, the Legal Status of Many Golf Courses Is Full of Holes; Popular CTS Tycoon Golf Club to close as government swings at ‘bourgeois’ sport; cigarettes and selfies: WSJ
  • Chinese Investors Are Staying on the Risky Margins; Investors in China are still reaping the rewards of margin-trading as leverage grows: WSJ
  • Man Who Brought Down Barings Warns on China: Bloomberg
  • Too Many Battery-Powered Bikes in China Take Charge Out of Lead: Bloomberg
  • Jailed Chinese Tycoon Huang Guangyu’s Gains Approach $1 Billion in Gome’s Rally: Bloomberg
  • From tycoons to state bosses: key people in Chinese business: AP


  • Modi Prods Coal Monopoly; Modi wants to end decades of crippling electricity shortages and turn this country into a manufacturing dynamo. Coal India Ltd. is standing in his way. WSJ
  • A $750 Billion Gap in India’s Push for Top Infrastructure: Bloomberg
  • India learns to ‘fail fast’ as tech start-up culture takes root: Reuters

Japan & Korea

  • Casio Computer’s Kashio Family Hands Reins to New Generation: WSJ
  • AmorePacific posts best-ever performance on China success: KT
  • What Mazda Can Teach An Industry Titan Like Toyota: Forbes
  • Sharp warns on ability to stay afloat after $1.9bn loss: FT
  •  Yen and the art of currency maintenance; The yen has been comatose since the end of March: FT
  • Korea’s Fuel-Cell Strategy Takes Page From China Solar Playbook: Bloomberg
  • Japan Markets Most Disjointed in 23 Years Show Kuroda Heavy Hand: Bloomberg
  • Can Nintendo Play the Disney Game? The flagging console king is starting to act a little more like the company that built an empire on the back of a mouse: Bloomberg
  • Toshiba eyes three-year profit markdown in accounts probe; impact seen limited, shares up: Reuters


  • Hard economics hit Southeast Asia consumer dream: FT
  • Champagne in Coach Class as Singapore Airlines Plays Catch-Up: Bloomberg
  • Oil Trader Petral Shut Down in Latest Indonesia Energy Market Shake Up; state producer Pertamina will deal directly with its partners: Bloomberg
  • Speak Softly, Carry A Big Broom: Pagcor Chairman Naguiat Cleans Up Philippine Casinos: Forbes


  • The Biggest Surprise of the Global Bond-Market Butchering: Bloomberg
  • Rent Prices in Moscow Are Crashing 40%: Bloomberg
  • ETF Issuers Quietly Prepare For “Market Meltdown” With Billions In Emergency Liquidity: Zerohedge
  • The emerging market slowdown: don’t expect a quick recovery: FT
  • Capitalism Wins at DuPont: A vibrant market for corporate control benefits shareholders. WSJ
  •  Missing in Financial Rules Debate: Hard Numbers: WSJ
  • There Are Too Many Lawyers, Say Law Firms: Bloomberg
  • SEC Finds More Regulatory Lapses in Private Equity Exams: Bloomberg
  • For Anyone Concerned at Bond Rout, Don’t Say You Weren’t Warned: Bloomberg
  • There’s a Tourist Problem in $7.8 Trillion of U.S. Company Bonds: Bloomberg
  •  Stock Churn at Decade Low Is Clue to Declining U.S. Stock Volume: Bloomberg

Energy & Commodities

  • Meet Andrew Beal, the Warren Buffett of the banking business; America’s richest and most successful banker, Andrew Beal, is flush and ready to pounce on distressed oil and gas frackers: Forbes
  • Saudis have limited success in keeping oil market share: Russell: Reuters
  • Saudi claims oil price strategy success: FT
  • Fracking could unlock 140bn barrels of oil worldwide, says report: FT
  • Oil Markets: Use Your Illusion: WSJ
  • Saudi Arabia Is Making Its First Real Attempt to Be a Military Power: Bloomberg


  • The era of genomic medicine is beginning: BI
  • Big pharma risks public backlash on antibiotics, says Jim O’Neill: FT
  • Multibillion-Dollar Investment Needed to Fight Drug-Resistant ‘Superbugs’: WSJ


  • Welcome to the revolution of low-cost batteries and software: Fortune
  • TiVo Wants to Totally Change TV – Again: Time
  • Spearheaded by the flood of wearable devices, a movement to quantify consumers’ lifestyles is evolving into big business with immense health and privacy ramifications: WaPo
  • Marc Andreessen’s plan to win the future.: NewYorker
  • Skype Translator preview now available: WCT
  • PChome subsidiary taps digital mobile wallet service; The company will charge a handling fee of 2% on each transaction between individual consumers: WCT
  • LA tech guru explains which company has the biggest impact on his life: “I spend no time shopping. My grocery shopping is thirty seconds on Amazon Fresh.”: BI
  • Unicorns combined are worth $211 billion: BI
  • Tech groups valued at $1bn are risky business for small investors: FT
  • Myo armband could give current controllers the elbow; Gesture technology shows the way for how we could operate the ‘internet of things’: FT
  • Drones Boom Raises New Question: Who Owns Your Airspace? 17 states have passed laws to restrict use of craft, but where does private property begin?: WSJ
  • Cisco Tests ‘Internet of Things’ in its Supply Chain: WSJ
  • How Real Estate Uses Big Data to Track Clients; To target prospective clients, tech-savvy agents are buying data subscriptions and teaming with startups: WSJ
  • Airbnb Grows to a Million Rooms, and Hotel Rivals Are Quiet, for Now: NYT
  • How a $9 computer could change the way we think about computing: WaPo

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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