Temasek has been to the "spin doctor" for treatment. Commenting on their losses in portfolio, including USD 27.5BN in the last year alone, the NY Times reports:
Temasek Holdings said its portfolio slid by at least $27 billion, or more than a fifth, in the year ending in March, but it will stick with banks and sees opportunities in food and energy, Reuters reported.
In a speech at the Institute of Policy Studies in Singapore, Temasek’s chief executive, Ho Ching, said on Wednesday, “We are certainly not happy with the negative wealth added in March last year as well as March this year.
My questions:
1. what is negative wealth?
2. How do you add Negtive Wealth?
posted by Stan Sakai @ 8:59 PM
1 Comments:
1. Negative wealth is a sort of easing expression when the investor faces a decreased market value of their overall equity. Ms.Ho doesn't like to accept their wrong decision that hits for the first time in Temasek history hoping that their wealth will be coming back to positive territory any time in the future.
2. Negative wealth is added when you don't admit your wrong decision and just see its diving...
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