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27-11-2013, 12:50 PM
Firstly there is wisdom on why Buffett don't encourage leverage and why when we do fundamental analysis, it should be based on UNLEVERED ROIC. It is not pleasant to have the sword of damocles over one's head.
2ndly in the past when it was script based, broking houses knew when a stock is heavily punted and borrowed upon and they would act in concert. I am more amazed that GS is able to spot the trouble before it actually happened. GS sense of timing is uncanny, including during the GFC. If I'm SGX I'll be very keen to employ GS internal control people
3rdly I am amazed that nobody talked about GS during this saga... everything I heard was that Malaysia linked brokers were behind the ups and downs.
2ndly in the past when it was script based, broking houses knew when a stock is heavily punted and borrowed upon and they would act in concert. I am more amazed that GS is able to spot the trouble before it actually happened. GS sense of timing is uncanny, including during the GFC. If I'm SGX I'll be very keen to employ GS internal control people
3rdly I am amazed that nobody talked about GS during this saga... everything I heard was that Malaysia linked brokers were behind the ups and downs.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)