This is why Singapore's media ranks 154th in the world.

Straits Times: Temasek still outperforms.
Alvin Foo

SINGAPORE investment agency Temasek Holdings may have taken a hit recently on some of its high-profile banking investments, but over the longer term it has outperformed key global benchmarks. Figures obtained by The Straits Times show that over a 10 year period to March this year, Temasek outgunned several closely-watched equity indexes. It also beat other notable long-term investors such as Berkshire Hathaway, a top US investment company headed by billionaire Warren Buffet.

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Temasek's main investments are in stocks, with the bulk of its assets in Singapore and Asia, so these indexes are regarded as a useful gauge of its performance. Temasek's returns were also better than that of long-term investors Swedish investment firm Investor AB, which delivered 3.7 per cent, and Berkshire Hathaway, which yielded 0.7 per cent.

After Temasek makes enormous losses the straits times is ever willing to mention their LONG-TERM ACHIEVEMENTS.

I can list some of them too. Shin Corp, Merril Lynch, Barclays and Australian childcare firm ABC. (I mean, who in their right mind invests in childcare??)

I rest my case.
Temasek beats Buffet.

4 possibilities.

-Readers are dumb
-ST always gets pathetic info or loves publishing them
-Temasek releases false annual reports
-Buffet releases false annual reports and actually runs a ponzi scheme