The idea that money buys success and its ripple effect on our society
There is an old story about Midas, a man who was given one wish. To Midas, riches was everything, so he wished that everything he touched would turn into gold. Midas realised too late that the food and water he touched also turned into gold. He starved to death because he foolishly wished for the wrong thing. Now if we switch...
Expense ratios of sovereign wealth funds
I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia. The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek. I do not know if these ratios are strictly comparable, but they appear to be high for GIC and excessively...
World Irony
US is basically a technically Bankrupted Country with the Highest Debts in the world. China happens to be US second largest Creditor, after falling from the Top position with consistent sell off of US Treasury Bills for the past few years. It’s amusing to see how the debtor trying all means to threaten its second largest...
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- Lee speech stated clearly on Lee Hsien Loong’s visit to China
- TRE Tech on Ong Ye Kung is out of touch
- My vote on Leong Mun Wai gets to sharpen his debating skills while PAP MPs get to sit and watch
- Money face society on The idea that money buys success and its ripple effect on our society
- knn on Lee Hsien Loong’s visit to China
- Too Expensive on Ong Ye Kung is out of touch
- Hg wong on Lee Hsien Loong’s visit to China
- myfirstscrew on Leong Mun Wai gets to sharpen his debating skills while PAP MPs get to sit and watch
- Property Mafia on Ong Ye Kung is out of touch
- Well done, Ah Loong on Lee Hsien Loong’s visit to China
