Obviously loads other factors driving fx, but marrying the political optics of ringgit vs sgd with agrarian policies (higher value hopefully) would also help to elevate the income of rural folks and play a big role to bridge the gap of income and wealth in the country.
I don’t know which powers-that-be that need to hear this in regard to Msia ringgit vs sing dollar. it is frickin simple (ignoring other fx drivers that not within control):
Focus on increasing Malaysia’s food security as biggest long term differentiator.
In rising inflation oftentimes led by food prices, SG govt’s key reaction policies are to target appreciating sgd policies to manage their food inflation (as they mostly import lerr). In that situation, this talk abt myr depreciating against sgd will always come up.
So do👆🏼.
maybe be took wrong advices along the way especially on growth at all costs via acquisitions. met him in 2016, seems he started with real good intention (or I need to calibrate my bs detector instead!)
Today @WHO led a very high risk @UN assessment mission to Al-Shifa hospital in #Gaza.
The team saw a hospital no longer able to function: no water, no food, no electricity, no fuel, medical supplies depleted.
Given this deplorable situation and the condition of many patients, including babies, health workers requested support to evacuate patients who cannot receive lifesaving care there anymore.
We are working with partners to develop an urgent evacuation plan and ask for full facilitation of this plan.
We continue to call for protection of health and of civilians. The current situation is unbearable and unjustifiable.
Ceasefire. NOW.
Due to a shortage of fuel and recent airstrikes in its vicinity, the main cancer center in the Gaza Strip is currently non-operational. We urgently appeal for support to save lives.
Sorry, I am a single issue voter- no genocide. You support and back genocide to the hilt, no votes. And I'm not the only one and plenty like me are in swing states. Biden isn't going to be reelected, the only question now is whether you find a candidate who doesn't back genocide.
I repeat my call for a humanitarian ceasefire in the Middle East, the unconditional release of all hostages, and the delivery of life-saving supplies at the scale needed.
Everyone must assume their responsibilities.
This is a moment of truth.
History will judge us all.
Thousands of people have joined a pro-Palestine protest in London calling for an end to Israel's bombardment of Gaza.
Police estimated around 100,000 demonstrators gathered in the capital.
Read more: https://t.co/8p1wgzvy5h
My notes from Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger turned into maxims:
1. Find a simple idea and take it seriously.
2. Good ideas are rare. When you find one bet heavily.
3. Humans have been writing down their best ideas for 5,000 years. Read them.
4. Avoiding stupid mistakes is more important than being smart.
5. Don’t work with anyone you don’t admire.
6. Don’t sell anything you wouldn’t buy.
7. Avoiding a bad habit is easier than breaking a bad habit.
8. Work on your best idea. Don't diversify
9. Incentives rule everything around you. Look for them.
10. Great businesses are built by going ridiculously far in maximizing or minimizing one or a few things. Think Costco.
11. Learning is changing behavior.
12. Do the unpleasant tasks first.
13. Charlie has read hundreds of biographies. Do the same.
14. Stop multitasking. Concentrate.
15. Many hard problems are solved best when approached backwards.
16. Think of ideas as tools. When a better tool comes along use it.
17. Clip your business and personal expenses. Small leaks sink big ships.
18. Make friends with smart dead people. Adam Smith, Darwin, Cicero, Ben Franklin —whoever interests you. Read their writing. Steal their ideas. They don’t need them anymore.
19. Don't confuse intelligence with invincibility.
20. Bad things will happen to you. It’s inevitable. When they do get up and keep going and remember the next maxim.
21. Self pity has no utility.
22. Find out what you are best at. Then pound away at it. Forever.
23. Only plays games where you have an edge.
24. Avoid mob rule. Avoid demagogues. Avoid dogma. Avoid bureaucracy.
25. Optimize for independence.
25. Use money to buy freedom.
26. Develop durability.
27. What do you have an *intense* interest in? Do that for money.
28. Self improvement has no end.