For a retired person, it is always recommended that you invest conservatively. Take little risks and aim for a steady income. By this, it means that you invest in some low beta stocks while has a high dividend yield. Try to preserve capital.
For a GLC, its investing principles should be the same as that of a retired person. Take no risks. However, this GLC seems to be doing the opposite. It is selling off its safe assets like power plants and buying much riskier assets like investment banks - worst still USA ones. Billions of dollars are at play.
Will it pay off? Probably only time will tell. But, as of this moment, I think it is sitting on a huge paper loss. Big brains are supposed to be running the company. I wonder how those guys are feeling now.
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