Would Temasek Holdings and GIC do a Warren Buffett?

Pinabonds,

this is jux a forum, a casual thingie, nothing that requires several rounds of proof reading,editing. for sure, i dun really do that. perhaps it shows how impt it is for you up here in this forum. you can have it all if u want. btw, im an investor and im happy with my living. not too sure if you are though.

and then,

yup, it just shows that the money could have been spent otherwise. 1,000,000 to 600,000 is not just figures. it is real money. pity that most dun see it.

the fact that we are seeing huge losses being racked up globally is due to so called paper losses from CDS, MBS, blah blah blah...nothing concrete just valuations, accounting rules..its not as "virtual" as most ppl think.

Adiemuso's desire to defend himself robustly despite his halting command of the written word is commendable. And good for him that he's an "investor" who's happy with his living, we can't ask for more in life can we? Although for his sake, I hope his house price keeps rising indefinitely so that he can send even more of his children to the UK to study economics - goodness knows he could use the help.

Pina,
i hope u are doing as well too.

I like your sarcarsm! haha! However, Singapore is just not as forgiving in US. Singaporean are just not forgiving to anybody who made the mistakes sometime, to a certain extent, family members.

Imagine Ho Ching admitted to the public on the loss of GIC investment. The CEO of Singapore will be very unhappy.

Admitting to mistakes helps a lot in whatever you do, like Warren Buffet recognizes his own fooliness in buying oil related companies stocks during the highs of oil prices.

The next time if he intend to buy stocks of oil related companies for long term investment, it will not be during some middle east conflicts or simply high oil prices.

It will be be a tragedy and dire consequences if elite scholars because of getting straight As all the way, did not "make mistakes", does not admit their own mistakes.

Life is not like exams where all there is to do is reproduce what is deemed as "correct" for that subject exams during exams.

A lot of times, there is no correct or optimal answers clear cut in real world situations.

Like if they can simply learn the fact that there is 1 major financial crisis every 10 years. Simply postponing purchases of stocks when approaching that once in a 10 years helps reduces loss and gain significantly.

[quek]

They did admit something: MM Lee said something like "we invested too early." You can see that even when they admit mistakes, they admit in style. It's like saying "we're ahead of our time."

I remember reading somewhere about a failed technology venture, and the entrepreneur said "we're ahead of our time." Admitting failure, but claiming credit at the same time!

And similarly, there's this trick to use when interviewing for a job or answering Q&A in a beauty pageant: when faced with a question like "what's your biggest failure" or "what are your areas of improvement", always twist it around to your advantage - give answers like "I pay too much attention to the details", "I work too hard", and of course "I'm ahead of my time."

Temasek exited some of their investments, and possibly realising up to SGD10bn. SGD10bn i am sure education would yield better gains

http://www.salary.sg/2009/would-tema.../#comment-5050

Where did you gather that Temasek is "realising up to SGD10bn"? I thought news reports said they made huge losses in their sale of BoA and Barclays?

Originally Posted by Hindsight

Temasek exited some of their investments, and possibly realising up to SGD10bn. SGD10bn i am sure education would yield better gains

Would Temasek Holdings and GIC do a Warren Buffett? | Salary.sg - Your Salary in Singapore

[bjhchong]

Speaking of which, another piece from the state media: "Temasek Holdings outdid key benchmark"

Can anybody comment on this? How accurate is this?