Is the 2011 monster Latin hit for Don Omar, taken from the album meet the orphans.
Malaysiakini, very skillfully brings it's readers to meet the orphans, the state linked funds that still owns shares in Felda Global.
In an article yesterday, Malaysiakini, which I suspect knows exactly what it's doing says that state funds are saddled with a RM5 billion paper loss.
A paper loss is exactly what it is a paper loss, but MalaysiaKini keeps a silent TABOO on how much these funds have received as Dividends from Felda. The dividends paid out runs to hundreds of millions .
Lucky thing Warren Buffet is not Malaysian, because if he was, MalaysiaKini will ask him to drop his pants and come clean, because back in June, he suffered a RM28 billion PAPER LOSS
Here is the blast from the past, not from the uncredible New Straits Times, but from Time Magazine itself. Read Below:
Warren Buffett Likely Lost Billions After Brexit Vote
Denver Nicks @DenverNicksJune 28, 2016
The Oracle of Omaha isn’t in the poor house but his losses could add up.
The famously successful investor Warren Buffett—who has raked in billions guided by his motto to “Be fearful when others are greedy, and greedy when others are fearful”—probably took a big loss like the rest of us after the UK voted to leave the European Union last week.
While the financial services research firm KBW estimated roughly $800 million in losses to the book value of Berkshire Hathaway’s holdings, the financial news site 24/7 Wall Street does rough calculations of its own to determine the losses in real value to Buffett’s holdings, and the results aren’t pretty.
The number crunching by 24/7 Wall Street includes a lot of guesswork and assumptions, but if it’s anywhere near on the mark, the losses could total quite a lot of money.
All told, losses in Berkshire Hathaway’s equity holdings could reach nearly $7 billion, which on a portfolio of $128 billion as of March 31, works out to a loss of about 5.4%.
