Cronies in Temasek should just step down and let Warren.....
-
Handle Singapore's money... he is obviously less greedy than the despots, having given away much of his wealth for charity...
Berkshire Profit Surges 64 Percent on Sale of PetroChina Stake
By Josh P. Hamilton
Nov. 3 (Bloomberg) -- Billionaire investor Warren Buffett's Berkshire Hathaway Inc. said third-quarter profit surged 64 percent as it reaped an eightfold gain on a stake in PetroChina Co.
Net income rose to $4.55 billion as investment gains increased more than tenfold to $1.99 billion after taxes, the Omaha, Nebraska-based company said yesterday in a regulatory filing. Berkshire began selling its 2.34 billion PetroChina shares as oil prices rose to records in the quarter.
Buffett, 77, is investing outside the U.S. to spur growth at his $200 billion investment and holding company as profit from insurance businesses wanes and the dollar weakens. Israel- based subsidiary Iscar Metalworking Cos., acquired for $4 billion last year in Buffett's first purchase of a non-U.S. company, also boosted results. PetroChina rose more than eightfold since Berkshire's $488 million investment in 2003.
``I don't think anybody's ever made much money betting against Warren Buffett and Berkshire Hathaway,'' said Frank Betz, who helps manage $800 million, including Berkshire shares, at Carret Zane Capital Management in Warren, New Jersey. ``His investment in China was the big brass ring that he grabbed in this period.'' -
or let him invest our CPF... since the despots are so useless and only knows how to heck care take Singaporeans' money... and put into their own pocket...
-
his money is all from stock market.... quite a special guy......ya.. let him in charge of Temasek.... his average return is 20% every yr...
-
warren is special alright.. but tis is one F.T tat the'spore gahmen will never ever succeed in recruiting..
-
no nid to recruit him wat... just hand him the money... his charges, how can it be more than what the despots lose in their foreign investments.... but being dishonorable despots, that they are, they rather let their cronies lose the money (and take the salaries) than let Warren make money for Singaporeans...
-
he has a company that handles investments on behalf of others...
-
which is ?Originally posted by AndrewPKYap:he has a company that handles investments on behalf of others... -
Temasek....i would not think they are runs by cronies alone. its roots stretch deep and far.
-
run as in,... cronies are in charge....
-
Warren will have to marry PM then.
Shouldn't be a problem for the citizens to accept, we have same sex marriage now too.
Don't think Warren can take up position of CEO just like that. -
Many years ago, when Temasek claimed success in its investment returns a friend of mine wrote a reply in the Straits Times disagreeing with Temasek's returns and pointed out that Harvard University and Warren Buffet etc have achieved higher returns.Originally posted by I-like-flings(m):his money is all from stock market.... quite a special guy......ya.. let him in charge of Temasek.... his average return is 20% every yr...
Temasek apparently has not learned from such people like Warren Buffet and still believed today they are the best and often claimed to be consulted by many governments on Temasek.
What a narrow-minded group of people in charge. If only they are prepared to work with the best and adopt the best practices we the people will not be struggling with receiving 2.5 % returns for years for our CPF and we will not have to postpone again our retirement from 55 to 62 and from 62 to 85. -
2.5% is really a joke lah.... my normal weekly Fixed deposit in HK is already giving mi that...
-
Even Richard Branson can single handedly beat every temasek crème de la crème in business…and he had little formal education.
-
The only reason that they can claim to make so much money is because of the profiteering (I suspect, we can never know because they hide themselves like cowards behind the laws they make) using their connections in Singapore.... and losing so much of it to foreigners...
-
This is what happens when you have dishonorable people that put their cronies in-charge...Originally posted by googoomuck:Even Richard Branson can single handedly beat every temasek crème de la crème in business…and he had little formal education.
-
The govt had cautioned that welfare handouts, especially if opposition is voted to power, will squander away our reserves.
The president was elected to ensure that the country's reserves/or CPF are intact. Well, is it still intact? -
Who knows????
They are hiding themselves like thieves and robbers hide themselves and make themselves opaque and unaccountable...
Like TT Durai tried (and was successful for a period) to make himself opaque and unaccountable...
Now it looks like, if we want to be certain that the reserves are still there and continue to be there (or else the S$ become rupiahs) ... and the furthest we can go for holiday... is Batam... and so...
since they insists of unaccountability and in-transparency...
....we have no choice but to give our support to Dr Chee Soon Juan's honorable cause.
SDP appeals for financial support [page: 1, 2, 3] -
7 years ago, a single share in Berkshire company would cost $67,000 each.
I wonder how much would they cost now. -
Originally posted by Pion:7 years ago, a single share in Berkshire company would cost $67,000 each.
I wonder how much would they cost now.
Compare that with the CPF interests that they pay us on money they forcibly take from us!
Use our hard earned money to make money and then pay themselves million dollars salaries instead of paying us a decent interest rate.
...and they keep on holding on to it, and take a longer and longer time to pay us back, our hard earned money.
...besides complaining here, we can support Dr Chee Soon Juan's cause....
....we have no choice but to give our support to Dr Chee Soon Juan's honorable cause.
SDP appeals for financial support [page: 1, 2, 3] -
Your hate FTs in SG
and now talk abt asking FTs to manage SG's money -
we should call you Andrew Lee Kwan Yew.. for bringing in foreign talents to take over national money and interest
-
Its not as weird as someone who espouses ethics and at the same time pray for the death of an individual...some people are like that and i'm not directing this at anybody, just a random rant.
-
if you think he can be trusted then its probably a good alternative given his getting better the returns. but can you trust him?
-
Sure, it is better to let locals handle it, but surely it is better to let a proven person like Warren do it than to let cronies squander it away... and pay Singaporeans that kind of interest rates for their CPF.
There is no need for this one to come to Singapore even. He's got his own private jet.
Just hand him the money and watch it grow... better than letting the cronies squander it away...
the FTs I am complaining about are those that are allowed to come here and compete with Singaporeans on unequal terms...
-
Don't forget he gave away US$30 billion while those handling teh money now are taking millions of public funds for their salaries... who can you trust more?Originally posted by hisoka:if you think he can be trusted then its probably a good alternative given his getting better the returns. but can you trust him?