Another Jinx Whore's Loss

[SgGoneWrong]

After they spent US$7b to buy Merrill Lynch at US53$ a share in late 2007, lau-yeow-siew also came out to say it's for the long haul.

In 2009 after Merrill Lynch was forced to merge with Bank of America, the Whore cut loss at US$5 a share.

As a result of the above loss together with a few others, the Whore had to sell two crown jewels (power stations) to cover the losses.

Yippee to selling the crown jewels! More money to be siphoned!

 

[watchman8]

Don't fall for lies and distortions of these sorts of articles written with an obvious anti PAP, anti Temasek agenda.

No fund has ever operated without incurring losses and acquisition disasters. It's part and parcel of the territory. Temasek has made some errors of judgement but that does not alter the fact that it is extremely profitable and is operated with integrity and foresight.

these are facts. The main source of Temasick's past outperformance is largely due to special treatments from MOF. Ever since whore jinx took over temasick, is has been from one major strategic blunder to the next.

In 2006 - 07, they made portfolio strategic overweigh in global financials. In 2010, they turned to strategic overweight into emerging markets, particularly in China and India. In the same period, they also went overweight into commodities.

Habitual of temasick to enter a sector at the very peak over the past decade. That's sufficiently long term to get a feel of their investment capability.

 

[Merl Haggard]

I already said that you have to look at the overall performance of a fund you twit. No fund has 100% winners and no losses. You must be living in some sort of dreamland.

Boss of all twits:

I thought we were talking about long term/short term investment and not about overall investment.

BTW the butch has lost more than she gained and I believe the whore's books are cooked.

 

[scroobal]

I find it amazing that both sovereign funds do not have line of sight and a level of scrutiny similar to the west. The Western countries like Norway, Australia etc have such funds and the scrutiny is there. The concept of checks and balances are not at a level that would give confidence to most people. Are we expected to operate on basic trust alone and with certain personalities.

The telling thing is that both funds are headed by family members. I would have though it would be best to operate at arms length, avoid the conflict of interest and use a professional. The temptation to dress the funds and hide any form of misconduct is high because of the potential adverse political implication and impact on the ruling family and the govt. This is so wrong.

 

[Leongsam]

these are facts. The main source of Temasick's past outperformance is largely due to special treatments from MOF. Ever since whore jinx took over temasick, is has been from one major strategic blunder to the next.

If that were the case, she would have been sacked a long time ago. LKY has always ruled with integrity and without fear or favor. When he gained power, the first thing he did was to inform all his family members that they would receive no special treatment just because he was Prime Minister.

 

[watchman8]

If that were the case, she would have been sacked a long time ago. LKY has always ruled with integrity and without fear or favor. When he gained power, the first thing he did was to inform all his family members that they would receive no special treatment just because he was Prime Minister.

You are absolutely right. That was the LKY in 1965. within 3 decades, he changed totally. He started to think that his and his wife's genes are superior, and hence their offsprings and relations are ahead of the rest.

How else do you justify that whore jinx become the head of temasick without a day working in any investment firm? she was an engineer with MINDEF, ST and rose through the rank in usually fast time to become CEO of ST until 2001. Then overnight she became the head of temasick in 2001. What does she know about banking, commodities, shipping, global asset allocation etc? Is she the reason why temasick acquired the habit of buying in at the peak?

Long term investment is justified only if one buys at low valuation, when everyone else is scared of buying that particular asset class. Temasick seem to like to buy fads and flavour of the year.

 

[escher]

These are long term investments not speculative trading.

Over the long term, Temasek's performance is a dazzling 17% pa which is an excellent performance by any measure.

With that kind of dazzling 17% returns pa, what the fuck are you wasting your time here?

Go liguidate everything you got and hock your grandmother and mother as well to get every fucking dollar and jump in with Temasick.

Those kind of 17% returns so much better than what Maddoff was offering or what any tontine ever offered

DONT MISS YOUR CHANCE.
GO GO GO

SELL YOUR ARSE TO RAISE MORE $$$$ AND GO BUY BUY TEMASICK OR ANY OF THOSE LKY STINKAPORE FUNDS

SHUT UP AND GO BUY BUY BUY

 

[PrinceCharming]

The telling thing is that both funds are headed by family members. I would have though it would be best to operate at arms length, avoid the conflict of interest and use a professional.

Have you heard of nepotism?

The temptation to dress the funds and hide any form of misconduct is high because of the potential adverse political implication and impact on the ruling family and the govt. This is so wrong.

That's the reason FamiLEE is against declaring its assets publicly.

 

[Dreamer1]

Temasek invested 1.54 billion ICBC dips again | e-Learning Program
program.learnatchina.com/temasek-invested-1-54-billion
The Next Big Crash - Are You Prepared? - ValueBuddies.com
www.valuebuddies.com ›

Financial Professor Lang eye 20130616, Ferocious foreign capital, Double strangling of China
财经郎眼20130616 外资凶猛 双重绞杀
The first figure represents Profit, the figure in bracket represents Investment
Bank of America - Profit US$ 14.4 billion (Investment US$ 11.9 billion)
RBS - US$ 2.1 billion ( US$ 3.48 billion)
Goldman Sachs - US$ 7.1 billion (US$ 2.5 billion)
HSBC - US$ 8 billion (US$ 1.4 billion)
Total profit of the 4 banks US$ 31.6 billion out of an investment fund of US$ 19.28 billion
Total profit of all the western firms US$ 1 trillion from the buy and sell of banks' bad debts of China
http://www.youtube.com/watch?v=j_sTdp4aOes

 

[jw5]

Don't worry, Mark will resolve all the problems relating to investments.

 

[winnipegjets]

LONG TERM INVESTMENTS...why are you guys making so much noise...LOOOOONNGGGG TTTTTEERRRRM!

Lack of transparency ...we don't know how GIC, Temasek are managing our reserves and CPF. Other sovereign funds are transparent but not ours.

Show us the money and then we can sleep soundly.

 

[winnipegjets]

These are long term investments not speculative trading.

Over the long term, Temasek's performance is a dazzling 17% pa which is an excellent performance by any measure.

You believe that 17 percent claim?

 

[eatshitndie]

It's going down further.

I'm a small timer and I know that China is having a credit squeeze/crisis.

How can this butch who draws 12m to 18m a year not know what's going on?

people's bank of china said they would ease the pressure on prc banks on credit tightening and liquidity as a result of yesterday's market reaction to earlier comments.

u.s. federal reserve also chimed in and said they would continue quantitative easing in u.s.

market is picking up from yesterday's lows. both central banks learned lessons from the bear stearns and lehman debacle and do not wish to repeat the disaster. rescue of banks with lines of credit and liquidity is the order of the day.

temasick should know more about the world's top 2 central bank assurances and backdoor deals than we small timers do.

 

[Scrooball (clone)]

Next time they should just let us know beforehand. Just do the opposite of Ho Jinx and u will be a millionaire soon.

 

[watchman8]

Next time they should just let us know beforehand. Just do the opposite of Ho Jinx and u will be a millionaire soon.

Everyone knew when temasick bought ICBC in may. That was the hint for you to short the Chinese bank. You have only yourself to blame for not following this hint.

 

[watchman8]

people's bank of china said they would ease the pressure on prc banks on credit tightening and liquidity as a result of yesterday's market reaction to earlier comments.

u.s. federal reserve also chimed in and said they would continue quantitative easing in u.s.

market is picking up from yesterday's lows. both central banks learned lessons from the bear stearns and lehman debacle and do not wish to repeat the disaster. rescue of banks with lines of credit and liquidity is the order of the day.

temasick should know more about the world's top 2 central bank assurances and backdoor deals than we small timers do.

Don't think the market thought that the Chinese or USA central banks are going to allow any bank to fail. The market correction is probably due to future state of economy.

 

[freedalas]

If that were the case, she would have been sacked a long time ago. LKY has always ruled with integrity and without fear or favor. When he gained power, the first thing he did was to inform all his family members that they would receive no special treatment just because he was Prime Minister.

I was getting bored stiff so I just log on to this forum to see if there's anything amusing. No regrets. What Leongsam wrote above is really so funny, a great joke by a great comedian. But we have to hand it to Leongsam really, he's really consistent, in saying something stupid, I mean real stupid.

In any case, anyone who only assess the results of an investment over a long term horizon is no different from an addictive gambler who believes that as long as he keeps punting at the casino table, he will eventually wins. That's the kind of mentality PAP balls carriers like Leongsam have.

 

[eatshitndie]

Don't think the market thought that the Chinese or USA central banks are going to allow any bank to fail. The market correction is probably due to future state of economy.

wall street is unpredictably tantrumic and dramatic. one half baked comment and it gets spooked. never trust wall street sentiments.

 

[Leongsam]

In any case, anyone who only assess the results of an investment over a long term horizon is no different from an addictive gambler who believes that as long as he keeps punting at the casino table, he will eventually wins. That's the kind of mentality PAP balls carriers like Leongsam have.

To each his own. I'm not forcing anyone to follow my path. I'm merely speaking from my own experience.

I have huge respect for the PAP and for LKY in particular and have followed his philosophy and advice to the letter. It has done wonders for my life. I'm happy, I'm secure and I'm content with the wisdom of Mr (Now Hon Dr) Lee as my guiding light on all earthly matters.

Spiritually, I am lucky to receive the divine guidance of Rev Sun Ho.

My life and my afterlife are both taken care of. I couldn't be in a better position.

 

[singham]

i am beginning to think that you have gay inclination for elderly.

but it's true, with out lky, there won't be a prosperous and lawful s'pore. I have kept his autobiographies in my cabinet not for reading for fear of crumpling the pages, but for display that how much i respected him. i even have a photograph that i took with him, i will go find it and put it up here later.