15 Oktober 2008

Even the Economics Guru must keep himself learning

I don't believe that he is Vincent Lingga. One of super senior imminent economics journalist, editor and [founder?] of the most respectable Indonesian english newspaper.
Even, his own article was published as special report:
In the current era of globalized financial markets, it is almost impossible for us, including me, an economics reporter for the last three decades, to have the financial literacy necessary to understand complex investment securities like the Lehman's market-linked notes peddled by Citibank Indonesia.
Not only in his working newspaper, even Kompas wrote his name as well.
Sebagai nasabah Citigold, Citibank Jakarta, Vincent Lingga, tak merasa akan terjebak kerugian Rp 450 juta. Tanggal 15 September, hari kebangkrutan Lehman Brothers, mungkin salah satu hari tergelap yang akan selalu dia kenang.
I do really honour him for his frankness, even though bitter :(. It will be a very good lesson for everyone, especially the smart asses and economics ignorants. Terima kasih Pak Vincent!

in God we trust, not His creatures
in gold we trust, not its derivatives

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