Norway Sovereign Wealth Fund's Investment Philosophy

[@JillWhitcomb1966]

Here in North Dakota, we copied that same idea from the Norwegians. The North Dakota Legacy Fund receives 30 % of the state's oil and gas tax revenue and was created to preserve wealth from natural resources for future generations. The Legacy Fund was founded in 2010 and now contains $10.7 billion dollars. Only 7 % of the Legacy Fund can be spent every 2 years on projects to benefit North Dakotans such as education, infrastructure, economic development, and bioscience innovation grants.

[@ironIIIoxide]

Very interesting! There's a huge population of Norwegian decent in North Dakota isn't there? Maybe it's in the blood? :D The Viking Way :D

[@staticgrass]

Sounds brilliant.

[@jeschinstad]

@@quagengineer1877 That was not proposed until 1976, five years after the Norwegian proposal in 1971.

[@kai-.-man]

Norway learned from the Dutch Disease, Iraq, The UK. It's a combination of good governance, timing, luck, and learning form other's mistakes. One interesting character in this story is the Iraqi petroleum geologist, Farouk Al-Kasim, who helped advocate for a good policy in Norway.

[@shaqisumari304]

For me Norwegen SWF is the epitome of democratic good governance

[@geoms6263]

For me, it's like that big monster that eats everything in its path.

[@Randomdude21-e]

@@geoms6263Norway wealth fund is not allowed to invest in stuff that is bad for people. Sigarettes oil etc. Norway do alot of good, alot is property in bitcoin

[@PerennialQuest]

​@@geoms6263why'd you say that?

[@educacionespecialchannel3756]

@@geoms6263 how so?

[@EdRed11]

USA is modern communism or Corporate Country is not for the People !

[@musicloveranthony]

Doesn’t a country need a surplus first?

[@jimbojimbo6873]

It could use debt, but yh that’d be the idea

[@geoms6263]

Doesn’t a country need a insufficient first?

[@jia7833]

not if you are reserve currency. other countries need to reserve your currency by exporting to you and you have to import goods to export your currency

[@TheBielrangel]

No, if you can borrow at 1% and invest with 10% return, then that would be a nice idea.

[@PeterParker-wj3cr]

@@TheBielrangel Where else could you get a 10% return. Other than our s&p?

[@Mrdresden]

Huh, the video just ends abrubtly

[@VS257]

wheres the continuation?

[@FlyWithMe_666]

Funny that they show DNB several times in this segment. DNB is a listed Norwegian bank and completely separate from the central bank and its NBIM investment fund.

[@theWebWizrd]

It's much more complicated than that, since the state is the majority shareholder in DNB. If and when DNB gets into a crisis, it is completely taken over by the government - this happened in the 90s. It is separate from the central bank much like two governmental departments are separate from each other. Norway has a mixed economy where the state has very deep roots into corporations that on the surface appear to be private companies.

[@okklidokkli]

@@theWebWizrd Completely different thing. Central bank is nothing like the listed financial service bank DNB, which the state owns 34%. Not a majority shareholder as you said. This was obviously a mistake by Bloomberg.

[@pragmatica1032]

In Québec we have the Caisse de dépôts which was founded in 1965 to provide a universal pension to all citizens. Funded from workers and employers obligatory contributions.

[@jabsdrahm.3232]

For a small country such as Norway to own $1 trillion is amazing

[@safaribooks-lw2ho]

There is nothing amazing about it. It’s oil exports money, most oil exporting countries have it.

[@Randomdude21-e]

@@safaribooks-lw2ho most of the wealth fund comes from investment, no country has the same size wealth fund and so few people. And the fund is the biggest in the world and its 1.8 trillon

[@jabsdrahm.3232]

@@safaribooks-lw2ho Not the UK or the US, who have had huge oil reserves. Their oil paid for tax cuts, did not contribution to generation wealth

[@noobnoob5072]

@@safaribooks-lw2ho we could have ended up like britain or Netherlands not sure if your familiar with the word Dutch disease

[@Torgrim5958]

@@safaribooks-lw2ho Most countries that found large oil reserves turned into corrupt shitholes, so no.

[@tatianastarcic]

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world. This is still a good time to invest in various stocks, Gold, silver and digital currencies. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $870,000 since 2020.

[@sharonwinson-m8g]

If you're in it for the Long haul, treat investing like buying Gas. Buy only the good stuff. Buy regularly despite the price. And know over time it's sure to go up. Lol

[@Vincent-j8u]

Before investing, I would highly recommend you to read a few books. Books like Common stock and uncommom profits and the intelligent investor. They will help you a lot

[@nicolasbenson009]

People often overlook the value of financial advisors until they experience the downside of emotional decision-making. I recall a few summers ago, after a difficult divorce, when I needed help reviving my struggling business. I did some research and found a licensed advisor who worked diligently to grow my reserves, even amid inflation. As a result, my reserves grew from $285k to around $720k.

[@JacobsErick-u8r]

I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?

[@nicolasbenson009]

Finding financial advisors like Melissa Terri Swayne” who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@post_eternity]

USA can't have a wealth fund, where would it invest it? States within USA should have wealth funds.

[@jimbojimbo6873]

Alaska does

[@AlOfNorway]

That’s how it goes when the people work for the people! Notice how down to earth and intelligent our CEO is. You can’t even hint an ounce of selfishness in him. It’s selfishness that equals destruction. Care and love nourishes all.

[@shoylu88]

Usa should start by having surplus.

[@VidarLund-k5q]

@@shoylu88 Rather than its enormous national debt, of which 25 percent are owned by China. A risky business.

[@djbusters]

Felt that The video ended so abruptly!

[@sebastianschmidtataktien-e4705]

It would be interesting to see what would need to change so a US Sovereign Wealth Fund could operate efficiently. I think there are a lot of Cons. 1. US is much larger - 60x population of Norway. So to have a comparable effect to the Norwegian Fund (Norway population 5.5 Mio) - which claims holding approx. 1.5 percent of all global public equities the US would need to own 90%. This of course would not work - instead it would help inflate the everything bubble and could possibly „help“ stimulate inflation in an undesirable way. 2. The countries that successfully employ a sovereign wealth fund are all amongst the top ranked countries when it comes to a trade surplus (China, Singapore, Norway - which have been mentioned here are all in the Top 10). US has by a huge amount the highest trade deficit. 3. I think each country doing this step seem to be able to or at least agrees to sacrifice something for the fund to grow. I don‘t know the details in case of the other Funds mentioned, but I do know a little about the Norwegian one that gets his fund from taxation of oil companies, a special petroleum tax and there is huge state ownership of the oil companies like Petoro and major stakes in Equinor (ex-Statoil). They are putting all petroleum related net cash-flows into the fund. That is their sacrifice for the future. So I am challenging what would the US be willing to sacrifice for their future that would be approximately 60x the amount Norway does? Technology, which seems a great export resource - but it is also a field where companies are known for their „tax-optimization“ strategies. They would need to give away from the cake. There could be challenges to align this with the MAGA and America First mentality. I am not an economist or financial expert. But my gut feeling tells me that the attempt to build a large scale US Sovereign Wealth Fund would in the end help further overheating your own economy - just due to the fact how world-wide market caps are distributed.

[@omonkkonen6676]

Have you heard Alaska Permanent Fund APF? 1600$ per person annually…. Last time I checked Alaska is USA

[@sebastianschmidtataktien-e4705]

@ Not sure what you mean with the question. Are you suggesting to distribute the 1600$ per annum - which is not quite a lot (normalized to population of Alaska) to the 330 Mio population of US? That would be like 4 US$ per capita.

[@omonkkonen6676]

@@sebastianschmidtataktien-e4705 Just saying one model of sovereign wealth fund already exists in USA. Little bit different model than Norway so these are nothing new for USA at all. Seems to work pretty nicely to people of Alaska.

[@jamesbyrne9312]

You're argument is ridiculous. The scale if the fund does not need to be so extreme. Why are you being obtuse warden Norton?

[@kkollsga]

Norway's fund was set up because the country's economy was not big enough to handle the massive income from oil and gas exports. The main purpose is to cool down an overheating economy and also to have the ability to inject stimulus into an economy that is slowing down. It works like a counterbalance. I imagine the US would use it similarly, increasing the fund's size when the economy is doing well, and spending from it when it's cooling down. You are correct to question how big a US fund would need to be to achieve this. I imagine it would need to be of astronomical proportions.

[@adamray7178]

For everyone saying the USA needs to pay debts first, tell me this. With family finances do you wait until your debts are paid to have savings, and Emergency fund, or save for retirement?? Smart money doesn't do that.

[@roundlake96]

Wish we Sweden would do like Norway and make our natural resorces part of our nations economy.

[@Randomdude21-e]

Its 78% tax on all oil and gas.

[@roundlake96]

@@Randomdude21-e Well we dont have that. Im talking about a Fund that consists of our minerals and maby in the future water resources thats used to pay for infrastrucure and so on like norway.

[@kalebhgoodwin]

Convert social security to a wealth fund. Instead of 1% interest, it could get 10%. Would boost usa economy

[@robertgoodson5528]

The US should've done this decades ago.

[@martin84125]

Great results but what is the purpose? With housing unaffordable and medical costs rising when will the profits be used? Great investing ,Kudos to that but when will these super sized funds be deployed to assist the citizens ? No one seems to talk about how these funds can be effective for the common citizens.Please explain when and how the money is spent?

[@cjmt1234]

Why does the video end so abruptly 😢?

[@ugriDnuub]

Why don't the US have a wealth fund? Because they would rather borrow from China than have a tax system that gives them the revenue to establish one. Norway has one because of heavy taxation and control of petroleum companies operating in our waters

[@mpikamhlavemabunda7817]

Is there a country not endowed in natural resources, with a significant sovereign fund?

[@dalenbickenbach9533]

Which American people? Great Apprentice II?

[@razjackson5825]

Singapore. The only non-oil producing nation with such sovereign wealth fund.

[@MarketStoic]

Hi from Singapore. Also, China does not have significant natural resources - if you put it in per capita terms.

[@MarketStoic]

I think the media deliberately not cite the existence of Singapore’s SWF so that Larry Summer’s explanation on why SWFs exist due to states with high natural resources sounds more appealing.

[@I_Love_Figs]

Singapore and Ireland do it by being tax havens. Current and legacy mercantilists(China Japan SK etc) have explicit or implicit sovereign funds(ss/gov employee pension etc).

[@Elmgren76]

US debt is approaching 37 trillion dollars. Yea, let’s build a wealth fund 🤦‍♂️

[@VOLightPortal]

Just refinance at a lower interest rate that is lower than the growth rate of the market benchmark average i.e. SPDR

[@poisonincorporatio6534]

very good person with great thinking,,,❤️❤️❤️from bangladesh 🇧🇩

[@Demcatszzzzs]

Yea and what kind of markets would be sufficient for the us anyway

[@Sjalabais]

Kind of an abrupt ending to this clip?

[@chessdad182]

Mr Bankruptcy speaks.

[@khairulnaeim756]

Today needs to think for future generations... probably they get very good grandpa...that think for others...

[@VOLightPortal]

Isn't that live tracker just a random number generator though? 😮🤔

[@exentrikk]

The US already has a sovereign wealth fund - it's called the USD

[@Mosern1977]

Exactly. No need for a fund when you can print USD and export the inflation.

[@ssuwandi3240]

Not at 7% Deficit. Thanks Bidenomics DEI and Climate Subsidies

[@greenmesjasz]

Generally yeah all nice but compared to 2008 they rly dropped the ball on using fond to offset economic hardship of average citizen during crisis. Also what will hit us straight in the face is brain drain that just got incredibly reinforced by dropping value of NOK like painfully low. And I rly don't think interest squeeze on nation that been convinced that debt is helthy over last 20 years is gonna be enough to save us from weak nok. It will be enough to drastically reduce home ownership but not much else.

[@ev.c6]

Does America really think they are even similar to true developed nations like Norway and Sweden? 😅 A fund like this in America would never work.

[@magnusalexander2965]

I think Trump would find a way for the fund to mainly invest in his own companies to drive up the value, and if the last year is anything to go by the courts, congress and the voters would just go along with it

[@Pepperoni-e9r]

what is the benefits to citizens?

[@hepphepps8356]

@@Pepperoni-e9r It can, and has already been used to dampen macro economic disturbances. 2008 hardly impacted norway at all.

[@Pepperoni-e9r]

@@hepphepps8356 ok thank you

[@rowaystarco]

Future economic safety for our children, their children and all of those coming after.

[@greatdara]

This video and conversation were like cut in between :/

[@jannischytiris3683]

They literally invest in companies like nestle, raytheon or chevron exon bp shell etc, i get the sustainable aspect but lets be honest to ourselves

[@boredphysicist]

The US yearly deficit is larger than the Norwegian Sovereign Wealth Fund. The US deficit is roughly 1.6% of global gdp. How does Trump think he can run the US like a small economy like Norway.

[@MyDagfinn]

32nd largest in the world, is that a small economy? If per capita it is fourth.

[@boredphysicist]

@MyDagfinn Yes, USA has an economy roughly 60x larger than Norway. The G20 is 85% of global GDP, so yes being the 32nd largest economy makes you a small economy. It would be like comparing a Beverley Hills mansion to the Burj Khalifa

[@MyDagfinn]

@@boredphysicist Actually 37 times larger, if facts matter ;)

[@sandpatch133]

Classic "walking expert" at: 01:34 and 03:15

[@I_Love_Figs]

They don't do tobacco, the halal funds don't do tobacco, guess I'll have to continued be burdened with a 8.5% dividend yield then.

[@SolutionsSolved]

Yeah, we should just revamp social security so that it can invest in things other than government bonds😂... there's the sovereign wealth fund right there

[@adamray7178]

For everyone saying the USA needs to pay debts first, tell me this. With family finances do you wait until your debts are paid to have savings, an Emergency fund, or save for retirement?? Smart money doesn't do that.

[@Randomdude21-e]

Billions go from usa too china to pay interestrates, many many billions of usd every year, thats bad for buisness

[@theWebWizrd]

Uh, yes, smart money pays down *bad* debt first. When your interest payments is your biggest budget post and you have to take loans to just pay interest then it is time to pay down loads or you are mathematically guaranteed bankruptcy as a family. The only reason why the US can remotely survive its current position is because it can print its own currency.

[@adamray7178]

@@theWebWizrd treasuries aren't more than 5% and that even at 30+ years. People can't even get home loans for that now. Do you really think a USA professionally managed wealth fund can't earn more than 5% ?!? If your rate of return is greater than the cost of capital you will come out profitable and that could actually be used to pay debt off faster. Nevermind that most financial gurus including the everly over quoted DRamsey would always say save for an emergency fund even if you're still paying debt. Waiting, especially when the debts will take a long time to pay off, is a lost opportunity for future savings

[@theYoutubeHandle]

USA can't even pay back its debt. What money is it going to invest with?😂

[@TheBielrangel]

It can

[@andys3010]

as long as they can pay the interest it can invest with debt lol

[@etienne4403]

Don’t you need to reduce some debt first? Investing with borrowed money is a recipe for disaster.

[@Otter-Destruction]

Just scale up Alaskas to make it the US's main fund. If the states are worried about "states rights" then make it a pool of collective states.

[@krystlea5210]

😅If this SWF report does not consider risk management analysis and transparency and accountability exercises.... i just do not know what to say😂

[@williamlouie569]

???what world funds when you are printing money like crazy?

[@jackofnone500]

Wealth fund? Not only you have big deficit, your infrastructure is also in tatters dude

[@marcialabrahantes3369]

Like, the stock market? Invest in SPY

[@VOLightPortal]

QQQ.

[@nooraffendymohamedali7308]

1mdb

[@tmyrdal]

If you intervju the Norwegian Citizen then you will know that infrastruktur and more important things to have the country in healthy state is realy realy bad. The country fall internally and the Citizen is suffering, they dont use a shitt of the found to restore the country so Citizens thst live here is good take care off. We have people that eat animal food and more so the politicers rules the country in a bad way so go in deep and investigate you find out the we are not good to our living Citizen.

[@TheOisannNetwork]

it's hard to be a nissemann

[@beelzeduck]

Det der er det verste tøvet jeg har lest siden jeg sist titta innom Nyhetsspeilet. Mest så det framstår som fylleræl. And to non Norwegian readers: What he wrote could best be described as a more rude term for bovine feces. Also, all logic is absent in the "eating animal food" since animal food is _not in any way cheaper_ than basic foods meant for human consumption. Those that _struggle_ also mostly have access to services like matsentralen or other kinds of food banks. Having grown up poor here in Norway, still having contact with people who struggle here - and having spent some time in the US as an adult - the picture Tom paints is simply not true. Norway, like the rest of the world, has faced challenges in the post pandemic era - but not remotely close to the picture he paints.

[@tmyrdal]

@@beelzeduck Du er tydeligvis ikke vokst opp i Norge du da. Har du det så har du sett sannheten og ikke drømmeland. Og pandemien var Norge skyld i selv på hvordan resultatet vart. Våkn opp.

[@haakonht]

Sounds like tmyrdal needs to get a job and stop relying on everyone else to pay for him.

[@tmyrdal]

@@haakonht I have that lol. What about you? You maybe in need for a place to stay or? and need to check in to a jobb your self.

[@rogersliu1200]

You sell usd already and now want to do what? Is like in a soccer game, you are both the players and the referees and you make the rule. Just take the money, don't pretend to earn it😂

[@anshumanparhi7328]

I think Trump answered his own question. USA is $35T in debt. Countries in debt can't have wealth funds, can they?

[@johann3290]

Norway also has national debt, having some level of debt is often a good strategy in national economy. So the debt aspect itself shouldn’t be an issue

[@goranlucic3226]

😢

[@biskit7]

OMG. The last thing i want is for the government to invest my money, i can manage my own fund thank you...

[@bgosl]

Since 1998 the Norwegian sovereign wealth fund has averaged 6.3% return. That includes freak years like 2008 and 2022. Last year was 16.1%. Can you beat that consistently?

[@RenzoTx]

American sovereign wealth fund…with what money? Are we going to borrow more money to do this? 🤣🤣🤣🤣

[@VOLightPortal]

They can borrow at zero percent interest rate from Islamic Finance loans provided by the Saudis. It can pay for itself in a few years.

[@Scott-ff2oe]

Nothing

[@MithunOnTheNet]

Clear the multi-trillion national debt first!

[@ThisGuyAd.]

I think trump might like it because it will take money out of the us economy, so maybe he thinks it will make the dollar weaker 🤷‍♂️ I'm a Norwegian citizen and I've studied here and learnt alot about the fund. My initial reaction to this report is Larry Summers needs to take his lizard money and get some speech therapy before assaulting us with that mouth.

[@philphil-hn1ys]

It used to be a poor country, just peasants and fishermen. by pure coincidence Norway had oil, American and English companies installed everything for them and they sold the goods. It must be recognized that they managed their funds well. In the future, given the major problems of fossil fuel decline in the world and the precarious situation of Europe in energy matters, all coupled with possible regime changes in Europe, I would be a little worried about the territorial sustainability of the country. Absorption through contracts imposed by certain countries or simply being taken hostage by other countries.

[@jonnor6883]

@philphil-hn1ys Yes, we were very poor, right up to the 1980s when things started to turn. We didn't have cars, just donkies. It was so hard and poor life. I nearly had any clothes when i grew up in the 70s🙄 What you write is BS. Norway was not poor, not even in 19th century. Yes we had poor infrastructure, but that was based on geography. Actually was most Norwegians better off than many in Europe. So stop this idiot lie. So many YT vids and comments come with. Check instead facts.

[@realism4183]

if by working you mean NOK halfing against the USD in 10 years. sure...

[@Shamansdurx]

Nicolai bribed everyone to get into that position, he is norways crook #1!

[@LeoSeaZen]

We have a Wealth Fund. It’s called “Taxes” & the government spent it all…

[@SuperAndriukas]

Norwegians taken oil from the ground and sell it to other countries to use for the cars , and they are talking about green energy 🤣🤣🤣🤣🤣

[@MyDagfinn]

That is years since, it is for the largest part a financial fund these days.

[@bkern8536]

So a double win? Hell yeah!

[@Bubajumba]

Si senior. It is also 98% hydro electric. Coal is banned and opproving new drill sights is difficult for oil companies.

[@Ulyssestnt]

The Norwegian Sovereign wealth fund is presiding over the largest capital flight and brain drain happening to Norway. Imo it should allocate a portion to a daughter fund set aside for a period of 25 years subject to renewal and with purpose of stimulating the Norwegian domestic economy primarily outside of the petroleum sector as the industrial base has vitrified. Taxes are also far too high,it needs to lower corporate taxes to incentivice foreign investment and create jobs.

[@frankcarlos6762]

is just numbers on the screen they sold their gold, norway can lose all of that very easy

[@Mosern1977]

Its not numbers, it is ownership in all publicly traded companies in the world. So the numbers might go up and down, but the ownership of global business does not.

[@syltis1994]

Wow what insights, you should email immediately them with these groundbreaking ideas

[@rowaystarco]

There's a reason it's invested in a huge variety of companies around the world, not just a couple of them. Spreading risk. Norway owns a bit of Tesla, Microsoft, Apple, Google and so on.

[@c-loversbeat2453]

C est un gars qui m apparaît peu confiance et hypocrite , il a rejeté le package de elon musk

[@MyDagfinn]

Why should he - we are not all nuts.

[@leondonald]

I’m ecstatic with Trump's victory and the year-end market surge. Which hidden jewels in the upcoming bull run would you buy with 150 grand right now? My goal is to position myself for a prosperous Q1 in 2025.

[@DavidRiggs-dc7jk]

Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10% Remember to always work with a knowledgeable person in the financial market when starting out to avoid getting burnt.

[@HarrietBemish]

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[@EllenAbrex]

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[@EllenAbrex]

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[@MatthiasKlaasen-u8d]

Honestly, it feels like we’re just getting started! Bitcoin is leading the charge! Bitcoin often leads the market in a bull run, and once it stabilizes and reaches new highs, we’ll start to see altcoins catching up. It’s all about timing-once the mainstream attention shifts to altcoins, we could see some serious pumps. I’ve made $119k just by buying and holding Bitcoin and waiting for the pump..

[@IsabelConchitaPerez]

If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan..I advise you seek the best help from experts on your journey.

[@StalinUndav]

No doubt, having the right plan is invaluable.A few summers ago after i resigned from my office, I needed a significant push to keep my business company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing by $285k regardless of inflation.

[@haakonht]

All the farmers should shut down, sell their equipment and invest in Bitcoin, why work so hard?

[@VOLightPortal]

It's not actually extracting or producing resource value like a company producing food and products, its primary service is solving 0s and 1s at a premium cost. The costs go up over time i.e. the overhead needed to produce a computation equivalent to a Bitcoin becomes staggering. At some point the cost is going to be so astronomical that it would be equivalent to worthless- the price would balloon to infinity, but the catch is there will be zero liquidity left and no one to sell Bitcoin to and no one left to buy it from. Transaction times would reach infinity. The entire market collapses under its own constraints and limitations. Invest in future technologies and liquidity is theoretically indefinite

[@khairulnaeim756]

Good idea...🥸...so how share go.. probably with others private players+ government...🤝..not just American probably others country 😊

[@khairulnaeim756]

Yeah private sometimes very fuzzy...to get with...🥸