Saudi Arabia was the first oil-dependant economy to announce major budget changes following the collapse in the price of the commodity, and now Norway has followed suit.
According to news reports, Norway’s government has announced an independent review of its $789 billion sovereign wealth fund’s (SWF) equities portfolio, as the government prepares its finances for an extended period of depressed oil prices.
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
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