atans1

MSM, less triumphalism when puffing up GIC, Temasek

In Financial competency, GIC, Media, Temasek on 09/04/2013 at 6:16 am

Pls remember what someone who manages more $ than GIC, Temasek says abt performance

Clearly the ability of the investor to adapt to the market’s “four seasons” should be proof enough that there was something more than luck involved? And if those four seasons span a number of bull/ bear cycles or even several decades, then a confirmation or coronation should take place shortly thereafter! First a market maven, then a wizard, and finally a King. Oh, to be a King.

 But let me admit something. There is not a Bond King or a Stock King or an Investor Sovereign alive that can claim title to a throne. All of us, even the old guys like Buffett, Soros, Fuss, yeah – me too, have cut our teeth during perhaps a most advantageous period of time, the most attractive epoch, that an investor could experience. Since the early 1970s when the dollar was released from gold and credit began its incredible, liquefying, total return journey to the present day, an investor that took marginal risk, levered it wisely and was conveniently sheltered from periodic bouts of deleveraging or asset withdrawals could, and in some cases, was rewarded with the crown of “greatness.” Perhaps, however, it was the epoch that made the man as opposed to the man that made the epoch.
PIMCO’s Bill Gross
  1. The only pre-condition to work in MSM is that one must be a PAP triumphalist,that cant be changed.

  2. Another investment advice for those who are interested,appreciate the view of Cynical Investor.
    http://pro.stansberryresearch.com/1303EOASALYN/LPSIP486/

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