The Norwegian Sovereign Wealth Fund

On Christmas Eve 1989, Norway received a massive Christmas present. After years of failed drilling attempts, Norway announced they had discovered one of the largest oil reserves on Earth. This remarkable find would immediately transform Norway from a quiet, industrial, and fishing-based economy into one of the world’s ten largest exporters of fossil fuels. Unlike other countries with massive natural resources, Norway adopted a long-term strategy to invest its oil revenue. Learn more about the Norwegian Sovereign Wealth Fund on this episode of Everything Everywhere Daily. Shop the store at Shop.Everything-Everywhere.com Sponsors Hexclad Get 10% off your order at hexclad.com/DAILY Mint Mobile Save 50% on Unlimited premium wireless plans starting at $15/month at MintMobile.com/EED Quince Go to quince.com/daily for 365-day returns, plus free shipping on your order! DripDrop Go to dripdrop.com and use promo code EVERYTHING for 20% off your first order! Square Get up to $200 off Square hardware when you sign up at square.com/go/daily Horizon3 Go to horizon3.ai/everything and request your free NodeZero demo Babbel Go to babbel.com/daily for up to 60% off Subscribe to the podcast! https://…