Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value
It always makes me salty that Norway based their fund off Alberta's model and now thiers can make real impacts in their lives but in Alberta the crony capitalists took over and stopped...
It always makes me salty that Norway based their fund off Alberta's model and now thiers can make real impacts in their lives but in Alberta the crony capitalists took over and stopped contributing to the fund. It should be worth around half a trillion now but only worth about 20billion. Their fund could lose 20 billion and not even be worried.
Can someone explain what this means for the financially illiterate? I imagine given a heatmap of quarters over the last 30 years this sort of outcome is inevitable but out weighed long term by gains?
Can someone explain what this means for the financially illiterate?
I imagine given a heatmap of quarters over the last 30 years this sort of outcome is inevitable but out weighed long term by gains?
It always makes me salty that Norway based their fund off Alberta's model and now thiers can make real impacts in their lives but in Alberta the crony capitalists took over and stopped contributing to the fund. It should be worth around half a trillion now but only worth about 20billion. Their fund could lose 20 billion and not even be worried.
Can someone explain what this means for the financially illiterate?
I imagine given a heatmap of quarters over the last 30 years this sort of outcome is inevitable but out weighed long term by gains?
2.1% is nothing really.
In fact, considering they are 70.6% in equities and only down 2.1% is rather impressive given the equities market.
It posted a 14.11% loss in 2022. Even with this last quarters loss, it's still up for the year.