http://johnharding.com/

saw cna news :

“GIC takes a very conservative approach – low risk, low returns.
Temasek goes in for higher rewards, higher risk, and they need a very dynamic team to keep nimble to move with the market and move faster than the market.

“Ho Ching has been doing this for many years now and she thinks it’s a good time to make a change. I don’t think it’s got anything to do with the failed investments in banking. This is part of the ups and downs of any investor,”
Mr Lee added.

aiyoyo

I feel that just TRUST can already. More efficient. For example, just ask and based on trust, your director sign on the dot and approve. Like this is called efficiency. Work gets done faster.

So, I trust them. I like the idea of ‘long term’. In the long run, the share price may go up. ‘Long’ as in something like 20 years.

Being impressed, i wonder should this be the defacto standard for the industries? should this be a best practice for respectable companies? I mean large credible companies would they adopt this kind of thingie – measure company performance by the long term ? like this share/stake- holders need not worry for the short term since in the long term, the share price will go up?
Give time for CEOs to prove themselves in 20 years. less turnover. good good right?

Also, i like the idea of no need to disclose accounts. I mean, if based on trust already, is there still a need to disclose? hey, many man-years needed to find out the details wor. need to go through a large project and pay and pay many auditors wor. got more important thingies to do right?

so, just my humble thoughts. I wonder how those who feel that a system based on trust is good enough feel about this thingy?

Could you please sa-lat (shut out). Listen here, think long term ok. Remember the following ok.

“They do not have to sell in panic in a market downturn, and are in fact in an advantageous position to invest in good quality assets at prices that are attractive from a long-term perspective during a downturn. The government is confident that they will continue to deliver good long-term returns within the risk limits set.”

You should only come back at least 10 years later to question ok. remember again, think long term ok.

Wow, it kept dropping. At this jaw dropping low price, is it not time to invest even more so as to achieve even more prosperity in terms of gains when the shares skyrocket once more in the future where the future is an unknown time frame?

We implement a “second key” policy so safeguard our reserves. In this difficult time, our dear president exercised the policy. On one hand this policy is supposed to safeguard our reserves, on the other hand all the secrecy imposed by the GIC may result in a reverse effect.

It is because of all the secrecy and cover up of what really goes on behind the scene that resulted in the collapse of the global financial system. I hope we have learnt from that and correct quickly before it is too late. Even the existence of the age old Swiss banking secrecy trademark is being threatened and I believe will have to go or be perceived as unfair trading as other country’s banks do not have this advantage.

The current credit crisis has shown clearly that CEOs who stayed too long (more than 5 yrs) as in the case of Lehman Brothers and Bear Stearns – tend to be surrounded by people who are prone to listen to him as oppose to challenging his ideas. We must learn that if our style and system of “investment secrecy” prevails for too long, our ever growing invesments will be sub-conciously and complacently headed for trouble. No challenge, no gain right?

2 months ago, Citibank and AIG issued publications to say they are well capitalised,..backed by sufficient assets….and etc. Now they are in deeper trouble. Not only are they owing what they borrow, they are bleeding to death and now on the brink of being kaput. These are extraordinary times, so lets forget about “long term investment theory” and be prepared for total write off for investments in most financial instituitions by TM and GIC. While we can acknowledge with credit that TM and GIC have done well in the past, we also hope that they are gracious enough to acknowlege that these are extraordinary times. It is time to be open, acknowledge the bad investments, give assurances, exercise prudency and move forward.

Most of all, in the uncertain times ahead let the people know what is our safeguard policy?

By the way,
PAP=Government,
Government = Constitution,
but Constitution not=PAP.

My point is, whichever political is in power should not manupilate the Constitution to its own political advantage as one must respect the individual rights of our citizens.

Therefore, if the purpose to withhold the truth is not to jeopardise PAP’s political standings, it is not fair and not right at all.

It’s theirs.

Which other “provident fund” can AND has, on a whim, change the requirements under which you can withdraw your own money?

If it’s really your money- don’t you think you’d have more say over how it’s used or released?

That there’d be less coincidental changes in regulations of the withdrawal process during periods of:
- when raising ministerial salaries
- when the reserves have incurred massive losses, etc

Get it in your heads. It’s not yours. Accept the truth and be free. :P

IF they wanted- they could even make it legal to confiscate your CPF funds for the sake of “national security in times of economic crisis”. Who could stop them anyway? A Parliamentary majority of 82 – 2?

To paraphrase The Emperor in Phantom Menace-
“Is that.. illegal?”
“I will make it legal.”

Good performance should be shown to the people for them to know how well you have performed.

courtesy of http://www.dictionary.com :
REPRESENT : to express or designate by some term, character, symbol, or the like: to represent musical sounds by notes.
3. to stand or act in the place of, as a substitute, proxy, or agent does: He represents the company in Boston.

I am sure they have done their job.

These talents, so deserving.

The question is they can’t even handle the truth themselves becos majority of them are already blinded with $$$ thrown to them at the expense of the taxpayers, so they prefer to close both eyes and pretend they do not know. So much talks about a caring society . . . . ahhhhhhh pui!

There is more chance that it might be revealed one day than Never revealed forever.

My guess is, sooner or later…..

So, the question is Can We Handle The Truth?

that is the only issue i see here.