A lot of us know that long ago and have been making noise about their miraculous compensation, an indirect & friendly way of saying that only miracle performers are allowed to draw miraculous compensation. Now we know that their type of miracle performers also need a long term horizon to prove right their miracles, if ever they can be proven right.

I wonder they will also give chance to lesser mortal people such a long-term horizon to correct our own short-term fluctuating lfie vagaries which actually cost peanuts.

The relevant portion is towards the end of the transcript in the link before. LHH was referring to the decline in World Equity Index of 42% which she recalled wrongly as 41%.

http://www.parliament.gov.sg/parlweb/get_highlighted_content.jsp?docID=422448&hlLevel=Terms&links=LIM,HWEE,HUA&hlWords=%20%20&hlTitle=&queryOption=1&ref=http://www.parliament.gov.sg:80/reports/public/hansard/title/20090210/20090210_S0003_T0004.html#1

/// Mrs Lim Hwee Hua: Sir, I have given that reply to a previous parliamentary question, that GIC has actually registered a significantly lower reduction in value than the World Equity Index which I believe was 41% – let me just clarify that it is actually in the Hansard*. ///

I guess the elites must have caught a sniff of our comments here in TOC and are wondering whether or not to put the magic number into the Hansard.

But I will not be surprised If they conveniently forgot to put it in. Their talent has always been in showing us lesser mortals that they are the immortals who can do no wrong.

Yes they may be whiter than white, but I guess it can only be seen from the top their ivory towers and not from down here in lesser mortal land.

anyone can attend?
can clarify or not?

Thanks. :)

pardon me, are you this Andrew Chua?

http://www.easb.edu.sg/updated_pages/about_us/Resumes/Andrew%20Resume.pdf

If so, your resume speaks a lot about you.

:)

As a Member of Parliament he should know fully well the standard of behaviour required when the Parliament is in session.

Yet showed total disrespect to the Speaker and fellow Members of Parliament by littering the floor with his sweet wrappers.

If he is a medical doctor, this incident is even a reflection upon his training and professional etiquette.

Such a highly educated person behaving like a low-wage construction site worker is really disgraceful.

The Ministry of Environment should charge him and make him go for corrective order for at least one week.

Andrew Chuah, I think you need to go and have an extensive revision of your primary school arithmetic.

You don’t add up percentages of two different portfolios and arrive at the total loss. Assuming, both portfolios are about equal size, the average loss (and total loss) for the combined portfolio is about 36%.

The worst case would be if GIC’s fund size is $1,000,000 billion (meaning much bigger than Temasek’s), then the total loss would approach 41%.

Was Nathan’s approval sought in the investment of GIC funds into citibank.

I thought with insider trading, you bao chiak – sure win one –

how come our wily wolf got conned instead, along with all of Singaporean reserves. No wonder he keep claiming 15 year horizon – he won’t be around to explain it – only Tony Tan :P

Small steps lead to big changes…..for a better Singapore.

“Its the economy, and its got nothing to do with my decision making abilities”

GST to help the poor

Send your old folks to Johore

Build no frills HDB – please remove the toilet, the folks can do in along the bare grasslands, this way we don’t need to buy fertilizer.

We should encourage no frills marriages – No kids for poor people.