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Except that Norway has been exceedingly prudent and now have one of the largest sovereign wealth funds in the world [1]. This fund is the largest stockholder in
by sheraz 11y ago
Except that Norway has been exceedingly prudent and now have one of the largest sovereign wealth funds in the world [1]. This fund is the largest stockholder in Europe.
[1] - https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
- scholia 11y agoExcept it's a pension fund... Did anybody suggest using some of the money to deliver fiber optic broadband to every home in Norway? Either way, it's a much better outcome than the UK, where governments pissed away the benefits of North Sea oil and gas....
- nhaehnle 11y agoThe story of how Norway came to be the country that survived oil is fascinating. The crux is they had the insane luck of a young but experienced Iraqi geologist with the right mindset showing up on their doorstep at just the right time - and the wisdom to know they needed his help. This is where I first read the story: http://www.ft.com/cms/s/0/99680a04-92a0-11de-b63b-00144feabdc0.html http://www.ft.com/cms/s/0/99680a04-92a0-11de-b63b-00144feabd...
- josinalvo 11y agopaywall :(
- IkmoIkmo 11y agojust search for the iraqi who saved norway from oil on google, click the link.
- S4M 11y agoIt was actually discussed here on HN several times before: https://hn.algolia.com/?query=norway%20iraq&sort=byPopularity&prefix&page=0&dateRange=all&type=story https://hn.algolia.com/?query=norway%20iraq&sort=byPopularit...
- deleted 11y ago[deleted]
- abrowne 11y agoGoogle search the URL and follow the link. Works for FT, WSJ and many others who have some agreement with Google.
- vhffm 11y agoDespite its name, it is in fact not a pension fund. http://www.nbim.no/en/the-fund/about-the-fund/ http://www.nbim.no/en/the-fund/about-the-fund/
- scholia 11y agoThanks! I was perhaps mislead by Wikipedia, since that's where I looked for info ;-)