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Bamboo Innovator Daily: 21 May (Thurs) – All Lives Have Equal Value: Reflections On My First Year as CEO of the Gates Foundation by Sue Desmond-Hellmann; Why Reading Books Is the Best Thing You Can Do

Life

  • All Lives Have Equal Value: Reflections On My First Year as CEO of the Gates Foundation: Medium
  • Why Reading Books Is the Best Thing You Can Do: Investorfieldguide
  • What kind of leadership is needed in flat hierarchies? FastCo
  • The Fine Line Between Success And Bankruptcy: Techcrunch
  • For an Octopus, Seeing the Light Doesn’t Require Eyes: NYT
  • American Innovation Lies on Weak Foundation: NYT
  • How to Earn Respect as a Leader: HBR
  • Focus on Winning Either Hearts or Minds: HBR
  • Trader transcripts: ‘If you ain’t cheating, you ain’t trying’: FT
  • Meet the French Billionaire Who Wants to Rule U.S. Cable: Bloomberg
  • What’s Wrong With ‘Mathiness’ in Economics?: Bloomberg

Books

  • More Than a Numbers Game: A Brief History of Accounting: Amazon
  • The Story Solution: 23 Actions All Great Heroes Must Take : Amazon

Investing Process

  • Q&A: What is going on at Hanergy?: FT
  • Hanergy under SFC investigation for market manipulation after shares plunge nearly 50 percent: Reuters
  • Hanergy’s Stock Collapse Is A Frustrating Win For Handcuffed Short Sellers: Forbes
  • Hanergy 2.0: Goldin, And Goldin Properties Is Unfortunately A New MSCI Stock: Barron’s
  • Goldin Financial Follows Hanergy Downward; Provider of short-term corporate financing suffers 50% share-price drop after meteoric rise; First Hanergy Now Goldin: Top Hong Kong Stocks Drop Like Stones; A 24-Minute, $19 Billion Wipeout Threatens a Chinese Company’s Solar Dream: WSJ, FT, Bloomberg
  • Notes to book “The Templeton Touch” : RBCPA
  • A Dozen Things I’ve Learned about Value Investing from Jean Marie Eveillard: 25iq
  • What Makes Danaher Corp. Such a Star? Bloomberg
  • The tricks used by ‘coiled cobra’ market-riggers: Telegraph
  • The professor behind Pac-Man: AsiaOne
  • The $10 Hedge Fund Supercomputer That’s Sweeping Wall Street: 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

  • China’s IPO market unfazed by spectre of boom and bust as bubble grows: SCMP
  • Taiwan gives Alibaba’s Taobao 6 months to pull out, imposes small fine: Reuters
  • WeChat and Apple squeezing China’s telecom operators: WCT
  • Manufacturers in China embrace new industrial revolution: WCT
  • China’s real interest rate surges to post-crisis high: FT
  • Few signs of life in ‘China’s Manhattan’: AsiaOne
  • This American VC Thinks He’s Getting Out of China Just in Time: Bloomberg
  •  Don’t Expect China Stimulus to Have Same Effect as the Fed’s: Bloomberg

India

  • A Fresh Look at Auto Safety in India: WSJ
  • India is building the world’s biggest temple—even bigger than Angkor Wat: Quartz

Japan & Korea

  • Navigation app founder creates legendary success story; Park Jong-hwan’s navigation app ‘Kim Gisa’ was recently sold to Daum Kakao at $57 million: Maeil
  • Jeonse and the fading of middle-class security; When long-term deposits get too expensive, a whole class suffers: JA
  • The naked face of securities firms: The case of Korea’s Natural Endotech, which is accused of using banned ingredient in its products: JA
  • LG chairman drives design initiatives: KT
  • Drone-makers say demand will take off in Japan: JT
  • Samsung Heir Who Can’t Take Chairman’s Title Reshapes Chaebol: Bloomberg

ASEAN

  • Singapore Developers face hefty extension charges over unsold units: AsiaOne
  • Myanmar imposes 5 pct tax on phone cards as telecoms boom: Reuters
  • 200 days in, blunders tarnish Widodo’s image: Nikkei
  • Samsung’s Future Runs Through Indonesia: Bloomberg
  • Happiness Eludes Divided Thailand as Farmers Struggle: Bloomberg

Macro

  • Warren Buffett’s Asset Allocation: Underweighted Bonds: Charlessizemore
  • Activist hedge funds not so good for shareholders: FT
  • After pulling off the rare defeat of an activist investor, DuPont Co. Chief Executive Officer Ellen Kullman has emerged as the new corporate champion of the value of long-term research over short-term profits.: Bloomberg
  • World Bond Market Breaks Apart After Years of Trading in Sync: Bloomberg

TMT

  • Less is more? ‘Clash of Clans’ maker banks on handful of games: Reuters
  • If you build it, they will come: How Apple builds brand loyalty via stores: WCT
  • A Tech Boom Aimed at the Few, Instead of the World: NYT
  • 4 Business Models for the Data Age: HBR
  • Wal-Mart eyes Amazon in potentially costly e-commerce battle: Reuters
  • Silicon Valley has become a dream factory; Investors eager to throw money at start-ups that look as if they can create a brave new world: FT
  • Bigger than Gaga: YouTubers making a living off narrated Minecraft tours; Several Minecraft YouTubers are estimated to earn more than $1 million a year, and the best has more views than Lady Gaga.: TheAge
  • Here’s Why Apple Would Be Wise to Stay Out of the TV Business: Bloomberg

Healthcare

  • Gene Sequencing Helps Track Food Pathogens; Linking cases can guide investigators to sources of outbreaks: WSJ
  • Sanderson Farms CEO Resists Poultry-Industry Move to Curb Antibiotics: WSJ
  • Virus Hunter Metabiota Finds Niche in Epidemic Research: WSJ
  • Brain-Powered Prosthetics Get Closer To Becoming An Everyday Reality; Prosthetic Limbs, Controlled by Thought: Techcrunch, NYT

Energy & Commodities

  • ‘Shale-ionaires’ Suffering from Wave of Bankrupt Oil Drillers: Bloomberg
  • Norway’s PM Relieved as Nation Avoids Crisis of Sub-$45 Crude: Bloomberg

Consumer & Others

  • Criminal Cases Roil Food Industry; ConAgra’s guilty plea and $11.2 million fine, plus other actions, show U.S. getting tough: WSJ
  • Failed Retail Brands Get New Lives on Web: WSJ
  • How Kohl’s Took the Road Less Traveled to Be a National Retailer: K@W
  • With Maggi in hot water, Nestle India could be in instant trouble: Quartz
  • Hot Dog Meal: Japan Maker Develops World’s First Microwave Dog Food: WSJ
  • Can Kanye save Adidas?: Fortune
  • McDonald’s must break ‘dinosaur’ culture to stop the rot, experts warn: Guardian
  • Small food makers on fast path to U.S. store shelves, threatening big producers: Reuters
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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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