🤑 Stat of the Day: Fjords aren’t the only thing flowing in Norway. The country’s sovereign wealth fund – the largest in the world – posted a record-breaking annual profit of ~$222 billion on Wednesday, a deluge of cash driven in large part by the growth of its US tech stock holdings.
The fund is managed on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry, the fund currently owns 1.5% of all listed stocks globally, making it the world’s largest single investor.
As of this writing, the fund’s value tops $1.78 trillion – the equivalent of ~$319,900 per Norwegian citizen.
🤔 Did You Know? A 2015 study found computer models need just 10 Facebook Likes to predict a user’s personality more accurately than a work colleague, 70 Likes to outperform a friend or roommate, 150 Likes to surpass a family member, and 300 Likes to beat out a spouse.
📰 Worth a Read: Deadly caterpillars could help design life-saving drugs → (Knowable Magazine)
🔥 It’s Thursday, January 30th – and here’s what’s hot, hot, hot.
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🔥 It’s Tuesday, January 28th – and here’s what’s hot, hot, hot.
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