$100 billion

Today, while i was at my grandma house and i saw a publication by Singapore Democratic Party. It had some alternative views in contrast with the mainstream media, some of which i was quite agreeable with.

"Billions of our hard earned money down the drain" was the title of the front page that caught my attention so i started reading it.

Temasek Holdings and GIC (investment firm own by MM) both lost a little more than $100 billion. Then the article continued to elaborate on what did the $100 billion mean to the ordinary singaporean (like what it could have been used for Singaporeans, HBD upgrades, vouchers for the poor, etc.)

At this point, i recalled something our SPM has said regarding this matter (with that meaning): "...in investments there are times when we win, but also times when we lose..." In my opinion, that kind of statement is akind to saying "it is just another lost, so just live with it"; as if pushing the blame away from him. It is easy for him to make such uncaring statements, because it is not his money that he loses.

Even if we forgive them for making the wrong decision for the investment (or the talents they hire to decide for them), at least share the benefits with us when Temasek Holding and/or GIC is earning????????