Darthrevan Supercharged September 21, 2011 Share September 21, 2011 what excuses can they come up with this time? cannot be helped..it's an honest mistake, lets move on..no amount of engineering can prevent the loss..u must see from a different perspective ↡ Advertisement Link to post Share on other sites More sharing options...
Forrestcat 2nd Gear September 21, 2011 Share September 21, 2011 I juz curious for such a big investment firm, there is no stop loss rule in place for every investment? Bro, give u 5 years better repent.... Link to post Share on other sites More sharing options...
Funner Neutral Newbie September 21, 2011 Share September 21, 2011 we ask for it Link to post Share on other sites More sharing options...
Scion Turbocharged September 21, 2011 Author Share September 21, 2011 I juz curious for such a big investment firm, there is no stop loss rule in place for every investment? i understand big funds cannot dump their holdings at one go in the open market as this will make the price collapses... but still, this is too much warren buffet "attacked" the banks when they were out and down during the crisis, nego in getting preferred stocks and hefty annual dividends... and was deemed as the saviour or white knight our GIC bought them when the markets were in bubbles and prices were high... made us look like carrothead Link to post Share on other sites More sharing options...
Happily1986 5th Gear September 21, 2011 Share September 21, 2011 i understand big funds cannot dump their holdings at one go in the open market as this will make the price collapses... but still, this is too much warren buffet "attacked" the banks when they were out and down during the crisis, nego in getting preferred stocks and hefty annual dividends... and was deemed as the saviour or white knight our GIC bought them when the markets were in bubbles and prices were high... made us look like carrothead Just now got one bro mentioned that our cut loss SOP is virtually non-existent macham like aunties in the wet market. Now that i think of it, don't you think that the head mother hen of our SWF looks like an auntie? What does she know about investing anyway? Link to post Share on other sites More sharing options...
Rosschang 1st Gear September 21, 2011 Share September 21, 2011 Well, this is where the ponzi scheme come in... more FT, more CPF contribution, so existing CPF acc ppl still can get their $$$ back... Link to post Share on other sites More sharing options...
Darthrevan Supercharged September 21, 2011 Share September 21, 2011 What does she know about investing anyway? exactly..what does an engineer know abt investment? Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged September 21, 2011 Share September 21, 2011 what excuses can they come up with this time? cannot be helped..it's an honest mistake, lets move on..no amount of engineering Financial Experience can prevent the loss..u must see from a different perspective I guess the one who left was dashing out a burning building to be in the safe hands of the people, presiding confidently. Link to post Share on other sites More sharing options...
Darthrevan Supercharged September 21, 2011 Share September 21, 2011 I guess the one who left was dashing out a burning building to be in the safe hands of the people, presiding confidently. 'confidence for the future' makes sg lost 7.4b..daft sinkies indeed Link to post Share on other sites More sharing options...
Pufferfish1 Clutched September 21, 2011 Share September 21, 2011 (edited) how dare you lowly servants criticised your masters. repent now lowly servants, repent for the day of reckoning will be upon you and your children Edited September 21, 2011 by Pufferfish1 Link to post Share on other sites More sharing options...
Funner Neutral Newbie September 21, 2011 Share September 21, 2011 i think to be fair we should stop complaining left right and centre the people have spoken they want more similar good years lets all be united and suffer together nothing is going to change Link to post Share on other sites More sharing options...
King 1st Gear September 21, 2011 Share September 21, 2011 then how? die co ck lah! Link to post Share on other sites More sharing options...
Plim72 Neutral Newbie September 21, 2011 Share September 21, 2011 i wonder how the buying process was approved by the boss of GIC to continue holding the shares of a weaken bank which have no significant business interests in singapore and, in the last downturn need a lifeline from swiss gov to survive..They did not learn, apparently. so does our dear GIC. Since they can afford to lose that huge amount of money, why don't they just fork out those sums as loans to help our local businesses here grow and the interests earned at least would be channeled back to the country and not to some rogue trader who don't give a hoot..With seed money, local market can grow, jobs created, locally made consumables products to buy or sell to the people or worldwide, money flow back to the country as tax...Everybody Huat.. anyway who am i to compare? we have tons of economics scholars siting in their ivory tower trying to think out of the box.. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear September 21, 2011 Share September 21, 2011 Each round of COE can earn $75milion. One month earn $150million. Can recover any losses in investment easily lah. If housing still in demand...just introduce HDB BTO COE. Can double quick recoup any external losses. Of I am CEO of investment firm, I just ask my hubby to implement COE for everything in order to recoup the losses. What me worry??? Link to post Share on other sites More sharing options...
PSP415 Supersonic September 21, 2011 Share September 21, 2011 I seriously also wan to knw how this type of investments work. Anyone can share? Did the govt never once made good returns b4 and/or at all? Since all so knowledgeable and kpkb about the way the loss came about, can share how it happened? Also, which country/countries made similar losses? Cheers 1 Link to post Share on other sites More sharing options...
Lethalstrike Turbocharged September 21, 2011 Share September 21, 2011 (edited) I seriously also wan to knw how this type of investments work. Anyone can share? Did the govt never once made good returns b4 and/or at all? Since all so knowledgeable and kpkb about the way the loss came about, can share how it happened? Also, which country/countries made similar losses? Cheers Typically, both the GIC and Temasek get their funds from governmental fiscal surpluses, our CPF and to a much smaller extent, earnings from foreign exchange reserves. This is more or less what is being made known to everyone... However, the billion dollar question which you had just asked is veiled behind an impregnable wall of absolute secrecy. Unless you belong to the "inner circle", there is no way to know exactly the losses/profits incurred by our SWFs. And that is why Harry is still on the board of GIC, while old mother hen remains as the Head of Temasek~ Edited September 21, 2011 by Lethalstrike Link to post Share on other sites More sharing options...
Dream 5th Gear September 21, 2011 Share September 21, 2011 Really wonder how can such company with many brilliant people can lost so much money... could there be some untold stories / conspiracy theories involve? The world is facing financial difficulty... are all these happenings link? With all these lossess, who is earning them? Really wonder..... Link to post Share on other sites More sharing options...
Funner Neutral Newbie September 21, 2011 Share September 21, 2011 where do they (GIC & Temasek) find money to keep going the last time hear like something around $160billion total worth every year administrative cost for keeping 400 staff in temasek alone is $4billion every year we hear, a few billions lost here and there if we add all these lost up, where got money left even to pay for $100 entrance fee to casino somebody please help my maths lousy ↡ Advertisement Link to post Share on other sites More sharing options...
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