tag:blogger.com,1999:blog-18183714.post7708634139843004941..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: Temasek, Tide's Out, Skimpy SpeedoSalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-18183714.post-45192357989612379142008-12-02T12:19:00.000+08:002008-12-02T12:19:00.000+08:00You wrote: Overall, the paper loss (for Temasek) ...<B>You wrote</B>: <I>Overall, the paper loss (for Temasek) on these investments has exceeded S$35 billion as of October 21st. On a population of 3m, that works out to be about S$11,666 for every man, woman and child - a household of 4 might have had S$46,666. Could be worse I guess, could have been from my country.</I><BR/><BR/>The fictitious Wall Street character Gordon Gekko said, "Greed is good."<BR/><BR/>You know what I'll say? Let me declare: <B>Suffering is good.</B><BR/><BR/>I guess I could be accused of a touch of schadenfreude. OK, so what if it is? ;)<BR/><BR/>For many years Singapore has been hugely successful in the economic arena so much so that it has now been elevated to First World status for some time already.<BR/><BR/>With extraordinary success comes pride and ego. Though this will be vehemently denied, but many Singaporeans have been looking down their noses at their less well-off neighbours, and probably privately writing them off as dumb country bumpkins.<BR/><BR/>Suffering improves character. <BR/><BR/>Like suffering the death of loved one in the family could make a person more compassionate and sympathetic to those who are less fortunate. So similarly, suffering massive financial loss brings to the sufferer a much needed dose of humility - a quality that seems to be in short supply among the noveau riche and the moneyed types.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18183714.post-80924075413687624212008-11-28T01:24:00.000+08:002008-11-28T01:24:00.000+08:00I wonder how other sovereign funds perform compare...I wonder how other sovereign funds perform compare to Temasek, for example Norway?Monsoonhttps://www.blogger.com/profile/08934267908617858892noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-27274324600019644562008-11-27T16:37:00.000+08:002008-11-27T16:37:00.000+08:00Nearly Two years ago, I discuss the subprime probl...Nearly Two years ago, I discuss the subprime problem (Yes it started two years ago!) with some of the managers because some buddies of mine shorted the subprime lenders in NY then. They started moving big into hedge fund then. I thought given how they all try so hard to look smart, someone would at least try and do a detailed analysis BUT none did...Unknownhttps://www.blogger.com/profile/06906777767456488156noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-1713730127307825212008-11-27T11:17:00.000+08:002008-11-27T11:17:00.000+08:00Ho Ching should be sacked like any other non perfo...Ho Ching should be sacked like any other non performers whether related to the PM or not. This would be in line with meritocracy they always trump isn' it?Unknownhttps://www.blogger.com/profile/10784003176014922383noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-70442095638953420342008-11-27T09:28:00.000+08:002008-11-27T09:28:00.000+08:00There is a difference between when you are flush w...There is a difference between when you are flush with funds looking for investments and when you have little to spare for investments. <BR/><BR/>Sometimes, to get a foothold in a certain industry in a foreign country, criteria and rules are relaxed. What about playing politics with foreign politicians as in entertaining them like Lee's promise to Najib in Peru?<BR/><BR/>I would agree with most of your points and as you have admitted, it is easier with the benefit of hindsight. With government policies, I always sense there is more to it than investing for best returns. Then there is also the possibility of personal preferences of Ho Ching! Do you think her subordinates are likely to point out anything they are unhappy about?KoSong Cafehttps://www.blogger.com/profile/09257859564265735807noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-42388120540925723842008-11-27T08:44:00.000+08:002008-11-27T08:44:00.000+08:00Generally, better efficiencies may made a person e...Generally, better efficiencies may made a person ego higher or behave more superior than others. Anyway where ever you go, you can find such person. Well, I do agree certain truthness in the fact but I do respect my neighbour as well.<BR/><BR/>On "Waves and trend investment, rather than the superior investment strategy..", except for ABC Learning, I do believe there is more than investment in some of the investments, especially Banks. <BR/>Strategically, you could see in depth of other countries financial systems.<BR/><BR/>Nonetheless, we have to recognise the fact that a typical sovereign fund investment will need the Board approval, not solely on a person shoulder. Whether they are overpaid or not, it is more of the justification at the period they employed. By then maybe, but obviously now they have to follow their govt pay cut move??solomonhttps://www.blogger.com/profile/15373632232861592746noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-2828432913350860332008-11-27T02:11:00.000+08:002008-11-27T02:11:00.000+08:00Singaporeans didn't name her "Ho Jinx" for no reas...Singaporeans didn't name her "Ho Jinx" for no reason. <BR/><BR/>She has been a real jinx to the country! :)ONIhttps://www.blogger.com/profile/05969667536331161211noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-91530952106876081492008-11-27T01:34:00.000+08:002008-11-27T01:34:00.000+08:00See if Temasek will be true to the Singapore's int...See if Temasek will be true to the Singapore's integrity, efficiency and honesty moto and fire its current executives..easystarhttps://www.blogger.com/profile/16551595909624078074noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-22382183629564053922008-11-27T01:07:00.000+08:002008-11-27T01:07:00.000+08:00shall we suggest Temasek top management such as CE...shall we suggest Temasek top management such as CEO, CIO, COO come visit Dali blog as well?<BR/><BR/>Aiyo...how come always have meeting? Better take a 5 minutes break to vist this blog ma. .. aiyo . .<BR/><BR/>After this tsunami, perhaps EPF can tell Temasek. . let us compare the return from the "investment" ... c who are higher ? :DIvanhttps://www.blogger.com/profile/06127693268170414135noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-36326979955306118892008-11-26T23:44:00.000+08:002008-11-26T23:44:00.000+08:00so, still got enough "lui" for our iskandar projec...so, still got enough "lui" for our iskandar project or not ? eh don't play play ah !..u promised already one.. in Peru...still remember or not ??Unknownhttps://www.blogger.com/profile/08313271909311887236noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-91984309113466776292008-11-26T22:08:00.000+08:002008-11-26T22:08:00.000+08:002 things to note Dali:1. Citigroup isn't 3.77 anym...2 things to note Dali:<BR/><BR/>1. Citigroup isn't 3.77 anymore. Though at an entry of $31, $6 isn't that much better...<BR/><BR/>2. Read Mark Lewis. I pretty much agree with his theory: these so called experts are making it up as they go along. Heck, I personally know several Finance Graduates, who don't even know what PE ratios are. ... YES, I am serious! Admittedly these jokers are from some weird local colleges, but... still.<BR/><BR/>It's not a matter of them being average. You would be surprised how many of these guys are actually STUPID. or below average.<BR/><BR/>Seriously, what % of rising to management position would you allocate to BRAINS and how much to PERSONAL SKILLS? ... In fact, personal skills will be more important 80% of the time, due to nowadays huge corporate structures and relying on delegating responsibilities... however in the event of bubble bursts, you want the genius eggheads making decisions, not politicians!Jasonred79https://www.blogger.com/profile/11003115192439470320noreply@blogger.com