H.E.R.O.’s Journey in Tech (14 November 2018) – Defensive Decision Making: What IS Best v. What LOOKS Best

H.E.R.O.’s Journey in Tech (14 November 2018) – Defensive Decision Making: What IS Best v. What LOOKS Best


  • Recruit Holdings Q2 revenue bolstered by growth in HR technology (SI)
  • Bandhan Bank appoints Trend Micro for cybersecurity solutions (NB)
  • Tencent-backed Chinese travel firm Tongcheng-Elong slashes HK IPO size amid weak markets (Reuters)
  • Hon Hai’s profit miss reflects growing iPhone-supplier woes amid expected fall in shipments (SCMP)
  • Malaysian cybersecurity firm Securemetric raises US$4M through IPO (Yahoo, Star)
  • Techbond Group to raise RM39.6m from IPO; Techbond’s core activities are developing and manufacturing industrial adhesives and sealants. (Star)

BATTSS – Baidu, Alibaba, Tencent, TSMC, Softbank, Samsung

  • Ant Financial invests several hundred million RMB in indoor location service provider ShuWei; Instead of having customers looking for services, ShuWei wants services to reach customers. (KRA)
  • WeChat promises to clean up content as Beijing tightens crackdown (Technode)
  • Tencent seeks to kill silo culture that gave it WeChat as it expands into AI, big data (SCMP)

FAANNMG – Facebook, Amazon, Apple, Nvidia, Netflix, Microsoft, Google

  • The iPhone Slump Is Rumbling Through Tech; Prospect of weak demand reverberates across Apple’s supply chain (WSJ)

Asia Tech & Innovation Trends

  • New law brings structure, discipline to the willful world of Chinese e-commerce (Technode)
  • Why the future of Chinese e-commerce is in its rural areas (Techcrunch)

Global Tech & Innovation Trends

  • Splashing in the WeWork waterfall; More community-adjusted ebitda shenanigans. (FT)
  • JPMorgan Invests in Startup Tech That Analyzes Encrypted Data; Zero-knowledge computing lets companies analyze encrypted data without revealing any secret information (WSJ)
  • Brands Now Spend Nearly Two Thirds of Digital Advertising on Mobile, IAB Says; Marketers are also increasingly testing ‘hybrid’ pricing combining ad performance and exposure (WSJ)
  • Future of Tech: Smarter Cameras Will Transform Everyday Life; Cameras will change they way we live, shop and drive, Activate co-founder Michael Wolf says (WSJ)
  • Pandora Launches Podcasts as Its Merger with Sirius XM Nears (Barron’s)
  • Yahoo Finance is launching subscription service (Axios)
  • Growing the future: High-tech farmers are using LED lights in ways that seem to border on science fiction (WP)


  • Defensive Decision Making: What IS Best v. What LOOKS Best (Farnam Street)
  • Taking Time to Get It Right: My Interview with Award Winning Chef Dan Kluger (Farnam Street)
  • Ed Catmull on how he helped foster creative collaboration at Disney and Pixar (FastCo)
  • The Man Who Left Warren Buffett in the Dust; Malone’s Liberty Media returned 24% annually from May 2006, when it took its current form, through Nov. 8. Berkshire’s has returned less than half of that-10.8%–over the span, and the S & P 500 has gained 8.5% (Barron’s)

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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