Nice to have you around. Unfortunately, we sometimes have to put in a little bit of satire to blunt the effect of some forceful yet important views on our part.

Cheers

Haha, you have suddenly become very knowledgeable.

Cheers!

Aiyoh, so serious for what lah. just a joke lah.

in fact, p/l or b/s to me are just a guide. let me tell you something, I go for cash flow lah, sunk costs & other b/s items to me are meaningless unless they represent something which brings me real value (further timely converted cash) in the future and not those dangling in the b/s purely as a fanciful decorative item to boost up an illusionary net worth value. Each figure (though it may be in similar numerical absolutes) in your a/cting report has their own special unique personalities / characteristics, if you know what I mean.

So what do you think of my explanation this time.

I believe you are not competent in Accountancy. Companies have accounting reporting period. They need to recognise the loss/profits at each ending accounting period to reflect their current net worth. A loss is loss and don’t tell me its only paper loss.

“so dirt-cheap now”??? Go and buy more now and you will see more losses. The market has not bottom yet. Cheaper can be cheaper tomorrow and the day after.

What is there to be amazed about. Anyway, paper loss only lah and still unrealised. Think long long term lah.

As it is so dirt-cheap now, “‘They are in fact well-positioned to buy good quality assets at prices that are ‘attractive from a long-term perspective”.

I am amazed by such a big loss in less than a month.

What are these highly paid people at GIC doing? ####?????

Like that I also want, win I keep all the profits and reaward myself, loss goes to the people of singapore, increase more tax. Hey wake up!!!!!! singaporeans!!!
What will singaporeans reaction be like when they found out that all of their entire cpf life savings are gone? Hey guys, those digits you see in your cpf statments are printed, get the meaning?

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i thot that guy said already? I mean based on trust, what he said should be the truth and nothing but the truth so help me right?

So they think they are market gurus in investing??
Politicians are the worst investors. They are NUTS
where business is concern. They will be losing
75% of the country’s 40 years savings and they
can just smile as though they lost only 25 cents!!

Keep scoring everyone….they must account and be
responsible for the losses!!!

That’s why their talk is cheap becos we’re paying for their crap!

but most important is when investment make a lot of money, did i benefit from it?

i think i did not.

but when investment failed i suffer also.

Just because we supposedly outperformed others who performed worse, is that ok?

Wrong is not that wrong when others are more wrong?

Geez.

That’s easily said then done…but how long will it take to break even such a huge amount…we will not know. and you have also forgotten to mention that if the company is nationalized, say bye bye and everything is wipe clean

‘If you ask me, the future is really shining for us…We will survive; this is a red dot, which we can make redder and brighter.’
(On the economy, quoted in The Straits Times, November 5 2006)

http://www.straitstimes.com/Pioneers+Of+Singapore/Lee+Kuan+Yew/Quotes/Quotes.html

‘You know, the cure for all this talk is really a good dose of incompetent government. You get that alternative and you’ll never put Singapore together again: Humpty Dumpty cannot be put together again…and your asset values will be in peril, your security will be at risk and our women will become maids in other people’s countries, foreign workers.’
(Justifying pay hikes for Singapore ministers, The Straits Times, 5 April 2007)

http://www.straitstimes.com/Pioneers+Of+Singapore/Lee+Kuan+Yew/Quotes/Quotes.html

http://www.straitstimes.com/Pioneers+Of+Singapore/Lee+Kuan+Yew/Quotes/Quotes.html