Come next week on 27 Aug 2011, Singapore will be holding the hottest contested Presidential election in its short history.
This blog is about financial literacy. Naturally, it will support the candidate who has contributed most to financial literacy.
About a year ago, I wrote a letter of appreciation to Mr Tan Kin Lian. At that time, I did not know that he will be running for the President of Singapore on 27 Aug 2011. I wish him all the best on 27 Aug 2011.
Here is the contents of my letter of appreciation;
18 Jul 2010
Dear Mr Tan Kin Lian,
I would like to write a letter of appreciation to express my respect and admiration for your efforts in imparting financial literacy to Singaporeans and defending the victims who were bullied by the financial sharks.
I have been following your blog from time to time since the Lehman Brothers Minibonds collapse put you in the public eye. Although I am not a victim, this financial fiasco fascinates me as managing my own money has been a hobby of mine for the past 7 years.
I respect you for standing up and using your financial expertise to speak up for the victims. It is not merely an extension of help to needy people as you have to take on the risk of antagonizing powerful people with links to the mighty banks. I also thought it was extraordinary of you to educate the public and expose the tricks of the insurance industry given that you are likely to make enemies and lose old friends in an industry which you have worked all your life.
As an investor in Singapore stocks, one can easily observe that someone of your background should be sitting on the directorships of several public-listed companies. By taking on the path that you took, I am not surprised that these high-paying cushy part-time jobs are closed to you. Hence, I think you have made tremendous sacrifices in sticking out your neck for your principles. In general, people would speak out for themselves if they were wronged, but very few would speak out for strangers when one has much to lose and little to gain. My calculative mind tells me it is not wise to do what you have done. However, I cannot help but admire and respect your actions. You certainly put the self-serving yes-men to shame. To be honest, you put me to shame as well because being a selfish person, I would not have done the same thing as you did.
Selfish as I am, I am not going to be so selfish as to encourage you to keep up the good work because I do not think it is in your interest to do so. Do not get me wrong. I am not someone from the financial sector with an interest to see your mouth shut. I even have my own blog that shares what I know to educate the public on financial literacy.
It is with these reasons that makes me respect someone from the industry coming out to educate suckers and warning them against the sharks whom he used to rub shoulders with.
An anonymous, secret admirer
18 Jul 2010