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