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The fund owns 1.5% og the world traded stocks. Madness.

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It looks like madness because it’s something that’s almost completely absent from politics around the world: thinking past the next election!

Ok, the government has this oil money what should we do with it? Give everyone tax cuts? Build giant vanity projects? Throw a year-long nation-wide party with a kilo of cocaine for every household?

Nope, let’s invest it into a government owned diverse market fund so the social security of our citizens is sound for generations to come.

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Took them an oil crisis (70s) to figure this out to be fair.

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