Large US bank collapse ahead, says ex-IMF economist

reyes SG

the world or USA?

i personally thinks that the world rely too much on USA

USA.

its not the world choice that USA are the biggest economy in the world?

recently i heard from a broadcast at CNBC that china economy(or domestic consumption) is only a quarter of american.

u go figure how big american economy is.

eagle SG

Remove a dictator and replace him with an idiot, and then you expect him not to turn dictator as well? Chen Shui Bian is already the perfect example.

You do not put an abused child in power and expect him not to use that same power on others.

LKY is the perfect example?

He showed awed and respect when he mentioned the Jap army in his memoirs, the part on how they queued up for comfort women. The Japs' adherence to discipline....

eagle SG

...another S$1.2b afterTemasek had already committed in December to injecting US$4.4 billion..

support Dr Chee more to get back the money.

The minister mentioned 7 years I think.

redDUST SG

it gonna be Lehman ....dun worry..haaa...

ok, me check. me got fren working at lehman bros. but he may not tell me the truth....but me try regardless.

Veneta SG

The minister mentioned 7 years I think.

Lessons for investors
Properly applying Buffett's wisdom has the potential to improve any investor's results. Retaining a long-term investment horizon, staying fully invested, being patient while searching for opportunities, ignoring short-term market fluctuations, and buying and holding stocks until their prospects fade are all solid directives.

Buffett :

I don't like to sell. We buy everything with the idea that we will hold them forever... That's the kind of shareholder I want with me in Berkshire. I've never had a target price or a target holding period on a stock. And I have enormous reluctance to sell our wholly owned businesses under almost any circumstances."

"Up until a few years ago, we sold things to buy more because I ran out of money. I had more ideas than money. Now I have more money than ideas."

eagle SG

But recently Buffett just offloaded the whole stake in PetrolChina because it was overpriced.

maurizio13 SG

But recently Buffett just offloaded the whole stake in PetrolChina because it was overpriced.

Relying on another person's word without any analysis or after thought often leads to grave results, but that's just life, because some folks here can't think if their life depended on it, they rely on leaders giving them advice constantly.

eagle SG

that's why there are leaders mah

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