Sterling Terrell

recovering economist

Norway Sovereign Wealth Fund

Norway Sovereign Wealth Fund

I just love this graph by charter.co showing how the Norway sovereign wealth fund has used oil revenue to build a diversified basket of investments.

This is where an entire nation has done what I recommended that individual firms do.

The key point is that whatever main business you are in should be being used as a means to something bigger and more diversified.

Every year you should be that much less dependent on your core business.

This is how Warren Buffet built Berkshire Hathaway too, if you want to know the truth.

Wasting Time

Wasting Time

Whether we are wasting time or not is relative, isn’t it?

I mean, it’s relative to what is important to you.

Certain pastimes are often frowned on by the proletariat though – but do not believe them for one second.

Reading, walking, thinking, good music, sleeping, weight lifting, and spending time with your family are some of the best “investments” in the world.

Do these more.

And ignore those that try to stand in your way.

Understand: During a stressful day at work, a flânerie might be the best thing you can go do.

What fools call “wasting time” is most often the best investment.

-Nassim Taleb, The Bed Of Procrustes

Sterling Terrell