Investing geniuses turn chumps?

In Uncategorized on 28/05/2010 at 7:23 am

No not our local MSM admitting that Temasek and GIC goofed badly. Remember the media orgasms when the chumps (sorry champs) bot into Merrill Lynch, UBS and Citi?

Several of the investors that spotted early the opportunities the subprime market offered, then started buying US banks early last year when Temasek was selling BOA and Barclays, now are looking fallible.

If I were carrying an ad for GIC and Temasek (I’m not, but wish I were) it would be, “The line between success and failure is very thin.”

Seriously, a top banking analyst believes that US banks are cheap. So these investors may be right three times in a row.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: