They are so one track minded and behind the curve

In August 2007, we wrote an opinion on the "need for Put Warrants", when the authorities and Bursamalaysia show how equity centric they were. They can only have products that is one sided, that is forever bullish, ie shares and call warrants. Now in thestar.com.my this article has the 'experts' only now realising the utility value of having put warrants. Just like the US investment banks cultivating the culture of highly paid 29 year olds driving Maserati sports cars,(now some are going bust like Bear Sterns), here too we pay these 'experts' highly for lack of foresight. Well now the markets have tanked, it is a bit too late now, isn't it?