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Bamboo Innovator Daily: 19 May (Tues) – Berkshire Hathaway’s Disintermediation: Buffett’s New Managerial Model; A conductor who’s taught classes at Google and Goldman Sachs explains how great leaders inspire brilliance

Life

  • A conductor who’s taught classes at Google and Goldman Sachs explains how great leaders inspire brilliance: BI
  • From welfare to one of the world’s wealthiest women – the incredible rags-to-riches story of J.K. Rowling: BI
  • Families Find the Principles That Keep the Business Going: NYT
  • Learning From Mistakes: The question, would you go back and undo your errors is unanswerable. The question is: What wisdom have you learned that will help you going forward? : NYT
  •  ICE’s Jeffrey Sprecher Has Built a Global Trading Powerhouse: II
  • How Doctors Deliver Bad News; Doctors are trying new ways of solving an old problem—how to tell patients they aren’t going to get well: WSJ
  • The Plain-Vanilla Accountant Goes Out of Style: WSJ
  • Leading Teams through Change at the Speed of Business: Strategy&
  • The crazy story of an ex-cop busted for running a website that taught people how to cheat polygraphs: BI
  • Leadership Lessons From the Brothers Grimm; Whether it’s kissing frogs, slaying dragons or battling wits with the wicked witch, fairy tales hold salient leadership lessons for today’s executives. Insead

Books

  • The Ignorant Maestro: How Great Leaders Inspire Unpredictable Brilliance: Amazon

Investing Process

  • Berkshire Hathaway’s Disintermediation: Buffett’s New Managerial Model : SSRN

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 surveys indicate that 45.7 percent of consumers stop using their wearable devices within a month. In six months, that number swells to almost 99 percent. Chinese designers know they’ve got to rethink wearables. EETimes
  • Startups to Watch: Hong Kong: WSJ
  • China’s lodestar is not reform but avoiding chaos: Reuters
  • Does China already have the highest level of margins vs free float in market history?: FT
  • China’s war on corruption could hasten communist party’s decline: Nikkei
  • China’s debt mountain casts shadow over corporate revenues amid slowdown : SCMP
  • China’s record capital outflows spark fears over financial stability: FT
  • Tiger Cubs Lead Hedge-Fund Stampede Into China’s Red-Hot JD.com: Bloomberg
  • Yingli, the second-largest panel maker, fell after saying there’s “substantial doubt” about its ability to remain in business.: Bloomberg

India

  • Modi May Spend $11 Billion to Bring Rural India Online: Bloomberg
  • Roads before welfare: India’s Modi faces dissent over spending shakeup: Reuters

Japan & Korea

  • Japan Inc. Corporate leaders get friendly with investors: Nikkei
  • Orion Choco Pie sales hit W100 billion: KT

ASEAN

  • Singapore’s Postal Service Reinvents Itself for the Digital Age; Following Amazon’s model, Singapore Post is building 24 warehouses in 12 countries to store products for companies: NYT
  • Waiting for Joko: Indonesia’s infrastructure inertia stalls builders: Reuters

Macro

  • BHP Billiton reveals billions in ‘related-party’ deals with Singapore, Guernsey: TheAge
  • Winners and losers in bond fund fallout: FT

TMT

  • Why Google and Facebook won’t suffer the same fate as AOL: WaPo
  • AT&T working on exclusive content for connected cars: Reuters
  • Behind Apple’s Move to Shelve TV Plans; Apple had dropped its TV plans, but investor Carl Icahn sees the firm entering the market next year: WSJ
  • A start-up that guarantees the lowest prices online could become Amazon’s biggest threat: BI
  • Will a Scramble for Airwaves Dent Talking Cars?; First vehicle-to-vehicle systems roll out amid competing demands for spectrum: WSJ
  • Why adding a button that lets people buy things directly through Google could be a big win for the company: BI
  • Getac overtook Dell Inc. as the world’s second-largest rugged computer provider, with roughly 16 percent of the global market, which is dominated by Japan’s Panasonic Corp. with a nearly 60 percent market share: ChinaPost

Consumer & Others

  • Building an Apparel Empire for ‘Real’ Women; Ascena Retail has built an empire selling clothing to real American women-those on a budget, and who might not wear size eight.  WSJ
  • A company you’ve never heard of just became the most powerful force in women’s clothing; Relatively unknown retailer Ascena also owns Lane Bryant. BI
  • How WSP Global is emerging as Canada’s engineering consulting giant: FP
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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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