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...
Indranee Rajah’s (IR) ugly and boorish outburst in Parliament
I believe that by now, many people must have seen the online clip of Indranee Rajah's (IR) ugly and boorish outburst in Parliament. I believe also that she must have seen that online clip herself. Leong Mun Wai's decorum and the used of his language might have fallen short of parliamentary standards but they are not fatal. He...
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...
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