Temasek Holdings – still “long term” strategy despite huge losses?

Posted by The Online Citizen on May 22, 2009

Our investment thesis had changed from Merrill’s specific businesses to the more diversified BoA linkage to the broader US economy.

Temasek spokesman Myrna Thomas, explainin why Temasek sold its stake in Bank of America (BoA), resulting in estimated losses of between US$2.3 billion (S$3.3 billion) and US$4.6 billion.


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4 Responses to “Temasek Holdings – still “long term” strategy despite huge losses?”

  1. dora 22 May 2009

    the funny thing is that they are throwing money back to singapore after losing money in the us market.

    isn’t there a parallel between that and the employment situation? where they are welcoming the FTs and neglecting the Singaporeans.

    When will they ever learn that? Are we consigned to being a second class citizens?

    Reply
  2. mice is nice 23 May 2009

    hi Dora,

    it won’t surprise many since a group that thinks alike, acts in similiar fashion.

    Reply
  3. KopitiamApek 29 May 2009

    By long term, they could be refering to the gains made since the Big Bang. Archaelogical records in of National Archives will give concrete evidence that when the Big Bang occured, the value of Temasek Holdings was zero. So any mathematicians will die die tell you the they gains made is infinity.

    So what are we complaining about. It’s Long Term !

    Reply
  4. mike 29 May 2009

    KopitiamApek ,

    i am afraid you may have to ask MM to wake up and pass the key to you man.

    Reply