"It's a Long term investment" is the standard reply form our GIC and Tamasick when they are being question on what seems like a really bad investment decision.
Since they suffers only paper losses and no one can say they are right or wrong till the distant future, this is one of the best excuse ever.
Many of our Warrant Buffet wannabe pour billions into failing banks and financial institutions , thinking that it's a real bargain and base on the proven theory that what goes down,must come up.
But this time round, what goes down, when all the way down to bankruptcy.
As we sit and watch our reserve evaporating, I wonder what excuse these scholars will come up next to cover their disastrous bet, recently we did not hear excuses any more but apocalyptic phases like "The worse is yet to come"
Since we do not practice accountability or the ability to vote any lousy government out for the past 40 years,
Let us just enjoy whatever we have for as long as we can.
Since they suffers only paper losses and no one can say they are right or wrong till the distant future, this is one of the best excuse ever.
Many of our Warrant Buffet wannabe pour billions into failing banks and financial institutions , thinking that it's a real bargain and base on the proven theory that what goes down,must come up.
But this time round, what goes down, when all the way down to bankruptcy.
As we sit and watch our reserve evaporating, I wonder what excuse these scholars will come up next to cover their disastrous bet, recently we did not hear excuses any more but apocalyptic phases like "The worse is yet to come"
Since we do not practice accountability or the ability to vote any lousy government out for the past 40 years,
Let us just enjoy whatever we have for as long as we can.
