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