Sorry,
My actual point is there is still a price to pay(aka i still have to pay the taxi driver) whether i take the risk or not.
But on my evaluation on the spot base on my best knowledge and understandings then, i should decide whether the risk is worth to take or not?
And everyone has different level of risk tolerance.
But there is a saying basically, "If you don't have to take the risk, don't take it"
In the end, there are many human emotions or weaknesses that can over-ride the above saying.
And i never say never, i won't do it.
i am just as human as the Director.
If not people like LKS, WB, etc... will stop doing what they do best.
Do they need to take the risks anymore?
(19-12-2013, 11:39 PM)pianist Wrote: [ -> ]dunno who blew the whistle..
anyway I read it as like small gift or souvenirs given by the vendor
I think this is quite common practice in sg..
maybe scdf should have drafted a guidelines on gift value threshold beyond which it is not to be accepted by the staff
IIRC, there are guideline available in SCDF. I was told that all gifts need to do online report. Gifts above specific amount need to surrender.
Small gifts or souvenirs are OK, but not iPads.
His ex boss demand free sex , he took free ipads.
High remunerations to deter corruptions ?
(20-12-2013, 09:28 AM)CityFarmer Wrote: [ -> ] (19-12-2013, 11:39 PM)pianist Wrote: [ -> ]dunno who blew the whistle..
anyway I read it as like small gift or souvenirs given by the vendor
I think this is quite common practice in sg..
maybe scdf should have drafted a guidelines on gift value threshold beyond which it is not to be accepted by the staff
IIRC, there are guideline available in SCDF. I was told that all gifts need to do online report. Gifts above specific amount need to surrender.
Small gifts or souvenirs are OK, but not iPads.
The two iPads were said to have been delivered to Jeganathan’s office at Ubi Avenue and meant for testing of mobile applications.
I do not think these were meant to be gifts. NCS is no stranger to civil service and they should know the civil service protocol very well. They may give their civil service customers mooncakes or USB drives but I doubt they will give ipads to their customers as gifts.
If ipads were gifts, the director might not be charged if there was no bribery involved. The worst that he got would be just a termination of employment due to misconduct/flouting of company rules and regulations.
In this case, the former director was using public funds for his own purpose and it is a chargeable offence.
(20-12-2013, 09:51 AM)yeokiwi Wrote: [ -> ] (20-12-2013, 09:28 AM)CityFarmer Wrote: [ -> ] (19-12-2013, 11:39 PM)pianist Wrote: [ -> ]dunno who blew the whistle..
anyway I read it as like small gift or souvenirs given by the vendor
I think this is quite common practice in sg..
maybe scdf should have drafted a guidelines on gift value threshold beyond which it is not to be accepted by the staff
IIRC, there are guideline available in SCDF. I was told that all gifts need to do online report. Gifts above specific amount need to surrender.
Small gifts or souvenirs are OK, but not iPads.
The two iPads were said to have been delivered to Jeganathan’s office at Ubi Avenue and meant for testing of mobile applications.
I do not think these were meant to be gifts. NCS is no stranger to civil service and they should know the civil service protocol very well. They may give their civil service customers mooncakes or USB drives but I doubt they will give ipads to their customers as gifts.
If ipads were gifts, the director might not be charged if there was no bribery involved. The worst that he got would be just a termination of employment due to misconduct/flouting of company rules and regulations.
In this case, the former director was using public funds for his own purpose and it is a chargeable offence.
Just another isolated case .
(20-12-2013, 09:22 AM)Temperament Wrote: [ -> ]Sorry,
My actual point is there is still a price to pay(aka i still have to pay the taxi driver) whether i take the risk or not.
But on my evaluation on the spot base on my best knowledge and understandings then, i should decide whether the risk is worth to take or not?
And everyone has different level of risk tolerance.
But there is a saying basically, "If you don't have to take the risk, don't take it"
In the end, there are many human emotions or weaknesses that can over-ride the above saying.
And i never say never, i won't do it.
i am just as human as the Director.
If not people like LKS, WB, etc... will stop doing what they do best.
Do they need to take the risks anymore?
People are irrational. We dont look at risk/reward that closely in our investment, or even crossing the street or driving. Heuristic is a big interesting subject to understand how people make decisions that may not be totally rational but necessary.
How we discipline ourselves and our core principles will determine the heuristics of a split second. We can learn by making small mistakes but there are mistakes that we cannot recover from. Better still learn from others' mistakes as our lives too short to learn from ourselves
(20-12-2013, 09:55 AM)valueinvestor Wrote: [ -> ]Just another isolated case .
One liner post like this doesn't help in any productive discussion. You can present your view, with the ground that it isn't an isolated case. You do have quite a bit of similar posts in other thread as well.
Regards
Moderator
(20-12-2013, 08:52 AM)Temperament Wrote: [ -> ]After more than 2 decades in Stock investing, i think almost everything in terms of whether the risk is worth to take or not?
One example, my son was scheduled to send us off for our holiday the early next morning. But he played computer games till 2-3 a. m. i told him it's not worth to take the risk for though he claimed he was alright. We rather took the taxi.
Of course, the taxi driver might be even more lack of sleep than my son?
So is any stock you buy in the market after considering the risk you are taking.
In other words, there is always an element of unpredictability in life.
No matter what you do or think?
And the stock market is one of the best place to demonstrate this unpredictability.
NO?
So should the director take the risk?
Maybe he never think in terms of the risks in the Market?
He should know better, to rise to a position like Hod in civil service takes years and no screw ups. Director means superscale pay bracket. Imagine he is on the top end of that scale If gov declare 3 month bonus how many ipad can buy with that. Considering his age he did this when he was 60 so I imagine he's also on the old pension scheme that they use to have.
I wonder if someone in civil service got sacked his/her pension still have or not?
very very painful man
http://www.salarysingapore.com/civil-ser...apore.html
(20-12-2013, 09:57 AM)specuvestor Wrote: [ -> ] (20-12-2013, 09:22 AM)Temperament Wrote: [ -> ]Sorry,
My actual point is there is still a price to pay(aka i still have to pay the taxi driver) whether i take the risk or not.
But on my evaluation on the spot base on my best knowledge and understandings then, i should decide whether the risk is worth to take or not?
And everyone has different level of risk tolerance.
But there is a saying basically, "If you don't have to take the risk, don't take it"
In the end, there are many human emotions or weaknesses that can over-ride the above saying.
And i never say never, i won't do it.
i am just as human as the Director.
If not people like LKS, WB, etc... will stop doing what they do best.
Do they need to take the risks anymore?
People are irrational. We dont look at risk/reward that closely in our investment, or even crossing the street or driving. Heuristic is a big interesting subject to understand how people make decisions that may not be totally rational but necessary.
How we discipline ourselves and our core principles will determine the heuristics of a split second. We can learn by making small mistakes but there are mistakes that we cannot recover from. Better still learn from others' mistakes as our lives too short to learn from ourselves
i agreed to a certain extend. It's very wise to learn from others' mistakes. It's like learning from knowledge we get from reading books.
On the other hand the saying,
"In theory there is no difference between theory and practice. In practice there is."
Yogi Berra.
Besides most things in life we have to do it to learn. Like learning to swim or to ride a bicycle. We can watch all we want how people learn how to swim or bicycle. But if we don't do it we will never really learn.
So is investing in the stock market or anything in life.
Of course we can learn from others' mistakes and not to use the same failed approach.
We should try a different or "better" approach which seems to be successful for the practitioner.
In this sense,
Can we copy WB, GS, etc.... to a certain extend?
(20-12-2013, 10:18 AM)CityFarmer Wrote: [ -> ] (20-12-2013, 09:55 AM)valueinvestor Wrote: [ -> ]Just another isolated case .
One liner post like this doesn't help in any productive discussion. You can present your view, with the ground that it isn't an isolated case. You do have quite a bit of similar posts in other thread as well.
Regards
Moderator
Dear Moderator,
I just learned from our leaders who also made such statement rather frequently. This one liner was the follow -up of my previous post in the same thread.
Kind Regards/Valueinvestor