Bamboo Innovator Daily: 20 May (Wed) – Inside the Magic: The definitive history of ILM, the special effects powerhouse that revolutionized moviemaking and changed entertainment forever

Life

• Inside the Magic: The definitive history of ILM, the special effects powerhouse that revolutionized moviemaking and changed entertainment forever: Wired
• 6 strategies great leaders use for long-term success:BI
• 11 pieces of life-changing advice from commencement speeches by tech celebrities: BI
• Here’s what’s on Bill Gates’ summer reading list: GatesNotes
• How To Stop Worrying: Barker
• ‘Despicable Me’ founder shares secret of success: KT
• When it comes to you and your group, keep your verbs humble: JT
• With yoji jukugo (四字熟語), four little characters can say so much: JT
• Management Accounting Skills Found Lacking in Entry-Level Talent: WSJ
• Warren Buffett impressed by children’s money-making ideas: reuters
• “Competitive Intelligence” Shouldn’t Just Be About Your Competitors; It’s about seeing the market as a whole. HBR
• Explain Your New Strategy By Emphasizing What It Isn’t; Contrasts will help your team understand how to prioritize. HBR
• Andreessen Horowitz’s lessons for Asian VCs and founders: e27
• Buddhism played a key role in Korea: KT
• David Letterman: Comedian, late night legend. and shrewd businessman?: Fortune
• Dogbert Explains What CEOs Do: Zerohedge
• Why Thought Leadership Is Absolutely Essential To Professional Services Firms: Forbes
• That’s billion, with a bee: Measuring the massive cost of hive collapse: Reuters

Books

• The Magic of Reality: How We Know What’s Really True: Amazon

Investing Process

• Hanergy shares suspended in Hong Kong after plunging 46 per cent: SCMP
• J Capital Research Puts VIPShop (VIPS) Price Target At Zero: VW
• South African billionaire Koos Bekker has spent 15 years riding the rocket of the Chinese Internet thanks to one really smart — or really lucky — investment. Now he’s trying to do it again. Bloomberg
• ETF model puts active managers to the test: FT

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

• Even the Bears May Be Too Bullish on China: Bloomberg
• Lou Jiwei Helped Propel China’s Growth, Now He Needs to Fix Its Fiscal Mess: Bloomberg
• Short Sellers Face Off Against Chinese Money in Hong Kong: Bloomberg
• A China First: Twin Billionaires Chen Huwen and Chen Huxiong of Shanghai M&G, which makes ball point and other pens: Forbes
• Shanghai Stock Exchange Planning Startup Market: WSJ
• China economic slowdown forces automakers to slash prices : SCMP
• China Unveils Blueprint to Upgrade Manufacturing Sector; The plan comes amid weak demand for China-made products: WSJ
• In China, The Making of an App for Autism: WSJ
• Fosun copies Warren Buffett’s business model: WCT
• Fixer and solvent: Ling Jihua destroyed documents with chemicals: WCT
• Taiwan MOF eyes passage of property sales tax by June; 45-percent tax on transaction gains for houses sold within a year of purchase: ChinaPost
• Night market EasyCard payment plan begins trial in Taiwan: ChinaPost
• China slowdown deepens provincial economic divide; Hardest-hit regions those most reliant on debt-fuelled investment: FT
• The lessons of China’s noodle cartel: FT
• Financial advisory firm deVere Group Hong Kong has had its licence suspended as part of an investigation into its operations by regulators. SCMP

India

• India’s Largest E-Commerce Firm Flipkart Valued At $15.5B, Its Sachin & Binny Bansal Billionaires: Forbes
• Tata Motors Faces Shades of Gray in China: WSJ
• Paradoxical delights of the contradictory nation of India: FT
• One year of Narendra Modi government: The India Inc verdict: Forbes
• How an American With a Knack for Math Saved India From Famine: Bloomberg

Japan & Korea

• Korean superrich around the world: KH
• Accounting irregularities: Lagging home electronics another headache for scandal-hit Toshiba; Lifestyle Products and Services Group may be subjected to the investigation. Nikkei
• Troubled electronics maker Sharp at the ‘beck and call’ of lenders: Nikkei
• Japan-made motorcycle takes electric bikes into the future: Nikkei
• Samsung quietly prepping for change of style, rather than strategy: Reuters

ASEAN

• Facebook Is Next Frontier in Philippines’ Insider Trading Battle: Bloomberg

Macro

• Investors on ‘safe asset’ starvation diet: FT
• The wary retreat of the bond bulls; Long fall and recent collapses in nominal and real yields on safe securities should be at an end: FT
• Largest U.S. Pensions Divided on Activism; A boardroom battle last week at DuPont Co. exposed an emerging split in how the nation’s two biggest pensions agitate for change inside corporate America: WSJ
• Buyer-Beware Guide to Emerging-Market Debt, From Brazil to China: Bloomberg
• SEC Said to Propose That Mutual Funds Disclose Risk of Rate Rise: Bloomberg

TMT

• Behind Apple’s Move to Shelve TV Plans: WSJ
• Technology helps feed a hungry world; Farming today: the use of drones and satellites can help bring scientific rigour to modern agriculture: FT
• Marcos Galperín: founder of ‘Latin America’s eBay’; The head of MercadoLibre says he is just getting started: FT
• Toy Story: Another Fad or Future of Videogames?: WSJ
• Yahoo May Not Get Rid of Alibaba So Easily: Bloomberg
• How Farmers Business Network brings the wisdom of crowds to planting corn: WaPo
• How the battle for the future of the Web is shaped by economics: WaPo

Energy & Commodities

• Pipeline Billionaire Kelcy Warren Is Having Fun in the Oil Bust; The founder of Energy Transfer Partners has built his $7.3 billion personal fortune by making smart moves during the industry’s ‘dark times.’: Bloomberg
• $100 Oil Seen Years Away by Petronas as Shale Output Resilient: Bloomberg

Consumer & Others

• Massimo Zanetti: Segafredo moment; An interesting, if imperfect, coffee comes to market: FT
• Fried chicken chain KFC resurrects Colonel Sanders for TV ads and plans to refresh restaurants; The real Colonel Harland Sanders died nearly 35 years ago, and KFC hasn’t featured him in TV ads for about 20 years. FP
• How McDonald’s dodged half a billion dollars in Australian tax: TheAge