Two members of my Singapore Financial Independence Telegram group contributed their rules of thumb in managing their portfolios. We were having deeper discussion about different way risks are perceived. My member James was giving some reasons why out of the three Singapore banks (UOB, OCBC, DBS), he ended up avoiding DBS and OCBC: “During the subprime crisis, DBS got hit with 2.4 billion while OCBC got hit with 1.3 billion. UOB got round the crisis relatively unscathed.” My first personal thought is how significant are these 2.4 and 1.3 billion for each company. If we look at these companies from the system perspective, should blame or judge them as poor risk management or did you forgot that they know parts of these financing deals they make will fail and design & implement a system to manage that. I think is both. There should be some conservatism if we practice...