I mean, confidence is confidence right or no right?

There is one word to describe you bunch ‘incompetent’. You are in that position not because of your ability but because of kinship, friendship and all sort of xxxxships except haveing true ability.

Go take a trip to the silk road and never return

THE RESERVES ARE THE BLOOD AND SWEAT OF GENERATIONS OF SINGAPOREANS AND THEY COME FROM REAL GROSS DOMESTIC/NATIONAL PRODUCT. NOW HO CHING AND HER GANG HAS TURNED ALL THESE INTO ASHES.

LONG TERM INVESTMENT, MY FOOT! KEYNES SAID, “IN THE LONG RUN, WE ARE ALL DEAD.” PAP BETTER BE DEAD BEFORE THAT!

why hush hush?

old man, hurry up, speak up and own up-your singapore story is turning into a singapore gone-case soon. the coming collapse of singapore will follow with you to your grave.

Joined: 13 Feb 2009
Posts: 1

Status: Offline
Posted: Fri Feb 13, 2009 4:44 am Post subject: Singapore’s loss put into perspective

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S$58 billion = US$34.8 billion.

US population is 60+ times greather than Singapore’s.

US$34.8 billion X 60+ = US$2+ trillion.

For Singapore’s size, Temasek has lost the equivalent of US$2 trillion, and then some.

http://www.johnharding.com
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perhaps temasek inc employed the WRONG elite team?
read above
jb harding
the man himself
so in a words from a professional
we lost the equalvalent of US$ 2 TRILLION$…..

News report was as at end 2008, Temasek portfolio down 31%.

However, if you think about the vast amount of assets that were transferred to them (at almost ZERO dollar cost), you will understand the actual lost could be much more.

Example,
Opening 2008 asset = $100. Ending 2008 asset = $69, total down $31 (or 31%)

From another perspective,
As at end 2008, asset = $40, down $60 (or 60%) , but Ah Gong last minute quickly throw in $29 to make it $69 become only down $31 (or 31%)

So my question, is the performance for the whole 2008 is -31% or -60% ?

Remember Temasek did not work hard for the $29, it is merely transfer from Ah Gong assets into their portfolio. Our 3 power plants, CAAS, etc..

it is when you go in and when to get out. timing.

the dead will not be accountable to the living!!!

patriot

In that case,they will be really earning their right to pay themselves high salaries.

But, i seriously doubt their investing acumen considering their many blunders.They rode the luck during the bull market and fire blanks during the bear market.

Geniuses invest L O O O N G Term.

If someone give me money, I sure invest wan. Alas, no job now. If got money , I sure invest in UBS. look at the rock bottom prices! dump money in?

Even if compared, the 31% loss may not be true or accurate; may be what they want us to know but may not be what the real situation is.

Even if the 31% loss is taken as true and accurate, it cannot be compared to the MSCI Asia Indix because some Temasek investments are total write-offs, i.e. total losses which cannot be recovered at all, even if the Index were to bounce back again.

So how can compare apple with orange?

I sense that there is a psychological warfare going on. No matter what, how bad the situation is, they must somehow paint it as good or fair. Never want to admit their blunder and never want to take responsibility gracefully like what President Obama has done.

To Asians, especially Singapore elites, the “Water Face” is extremely important.

Whatever is reported in the media, we must always take it with a handful of salt and chillies, since they are not able to or refused to reveal the truth, the whole truth and nothing but the truth. So help us God!