tag:blogger.com,1999:blog-18183714.post5318420646231944732..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: Gov Of Singapore Investment Corp's State Of AffairsSalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18183714.post-19159069327455164882009-05-21T12:25:51.425+08:002009-05-21T12:25:51.425+08:00Hi,
Good article. Investment is not child's play...Hi,<br /><br />Good article. Investment is not child's play and this was borne out long ago when geniuses like Isaac Newton and J.M. Keynes lost tons of moolah in their respective forays.<br /><br /><br />Investing in banks is particularly <br />risky as what is important is not the profit a bank reports, rather it is how that profit was derived. The ideal way would be to ask the bank to open up their loan book to see and make a judgement on the quality of those assets.<br /><br /><br />And never invest in a bank if they derive much of their profit from derivatives and other such shit, unless you have expertise in these kind of mumbo jumbo.<br /><br /><br />Lastly one should also ask whether bank management is being incentivised to produce profits at all costs. If they don't have much to lose for taking huge risks with shareholders money, why bother with them?<br /><br /><br />I hope Temasek will consder these points as they have the clout to demand for due diligence.rask3https://www.blogger.com/profile/05107089918257227554noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-29395285635795297892009-05-21T08:57:34.985+08:002009-05-21T08:57:34.985+08:00Conceptually they were right in switching out of C...Conceptually they were right in switching out of Chinese Banks into US / European Financials. Am curious as to why they sold so early in the recovery (if any) and maintained its committment to Citi and UBS..<br /><br />Do they need to cash for some other investments? Casinos in Spore?Unknownhttps://www.blogger.com/profile/12200713572512311312noreply@blogger.com