Temasek Holdings published their annual report last week. With a Net Portfolio Value of S$266 billion, Singapore’s Sovereign Wealth Fund manages global assets on behalf of the Singapore Government. As a fund manager running billions, they operate on a different level and face a different set of issues from the retail investor. The retail investor would bemoan insufficient capital to build their ideal portfolio while Temasek worries about how to deploy that considerable capital at their disposal efficiently. The retail investor is concerned about minimum transaction charges eating into their margins while a bemoth like Temasek would be cautious about their investments moving markets. Despite all these differences, I believe that the principles of investing remain very much similar. A retail investor would have lots to learn about how Temasek does business. Here are some of my takeaways after reading the report. Time Frame

Our capital structure allows us to ...

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