LKY talked cock on UBS/ Ang mohs that really invest for long term
GIC’s sale of at a loss of part of its stake in UBS reminded me that one Harry Lee boasted that S’pore was even more long term than Buffett: it had a 30 yr horizon. Well he said that in 2007 or 2008 after GIC bot UBS and Citi and Temask bot Barclays (sold) amd Merrill Lynch (disappeared), so it turns out he was talking cock:...
No massive CPF investment losses but GIC cannot be transparent?
Hundreds/thousands of transactions annually but GIC has preferred to keep information which belongs in the public domain private. Any government which conceals such information from the people does it to prevent embarrassment. Fact: Over more than 3 decades, GIC’s realized and unrealized losses amount to tens of billions...
All Singaporean workforce by 1991, what happened?
Late Lee Kuan Yew In a 10 year plan announced during the new year in 1982, then-prime minister Lee Kuan Yew spoke of having a fully Singaporean workforce that was not dependent on foreigners by 1991. His message: “A wholly Singaporean workforce without any work permit holder at all by 1991." “Workers we want to retain beyond...
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- Caoliangoh on Pakistan to nuke Israel if…
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