FGV-OPM,Ponzi and Defying Gravity

Losing your trousers;burning your butt

Call it what you may.

If you had bought into FGV  during the IPO or in the month it was listed, you have got one pretty hole in your wallet.

I agree it is OPM-Other People's Money but then as public stewards of money, there must be a cut-loss position.

Even it you were to play an averaging down game, you still must have a policy when after an average that equals the net tangible asset of the counter, you must desist from any more accumulation.

After  jointly losing  some RM 75 million, EPF and the Pensions Fund have nothing todo but to sorrowfully lick their wounds.

Question is: As most cornerstone investors must have scooted off with their tails between their legs, what could these two funds do?

While EPF may work like a Ponzi Fund with collections from both employers and employees every month, the Pensions Fund must really be worrying its heads off as they have to pay out pensions every month.

Losing such a huge amount of money must really be nerve-wrecking!