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回复 #2 foonyewcrisis 的帖子
it is very clear that foon yew high school should be managed in a way to be sustainable, not expanding.
I doubt the "anonymous" who urged readers to think carefully and independently.
Even an less-educated reader will immediately point out the cons of the new constitution.
I can only say that the board of directors is simply ignorance as they think government bond investment is 0% risk. Please read thru wikipedia, 0% risk free is only in term of default risk. all bond investment, especially long term bond investment is subject to high interest rates risk. Interest rates is currently at its lowest level, inflation will come one day. As a result, central bank will raise interest rates substantially in the future to fight inflation. As the price/value of a bond investment is inversely proportional to the interest rates, so what do you think will happen to the bond investment ???
2009年10月23日 下午7:34
Terrence 说...
besides that, the agenda mentions nothing about corporate governance. It did not mention either who will be monitoring or responsible for the investment.
Let me ask you, who shall be responsible and make the investment decision??? Are they investment professional??? Do you think some layman who sit on the board will outperform the real investment professional?? Do you really think they can perform better result???
Statistically speaking, they will outperform the market only when they strike the lottery. Simply put it, to win the roulette. |
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