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So last week I read on TOC and elsewhere that Temasek's return | Critical Spectator

So last week I read on TOC and elsewhere that Temasek's returns are much smaller than what the major stock markets have gained in the same period of time. And it's true, actually. Does this mean the company is mismanaged? That it could have made tens of billions of dollars more?

I'm taking a closer look at it in the latest article for VP:

https://vulcanpost.com/754741/temasek-returns-only-24-5-is-the-company-struggling/