[1] https://www.finanshus.dk/wp-content/uploads/2023/02/Pensions...
Even sovereign funds (example Norway) are invested in American tech, funds, and indexes.
It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway.
I’m now fully invested into Norway (real estate, savings, and retirement).
My understand is that Norwegians (and the nordics) have historically looked up to the US as a world leader.
I think that is no longer true and maybe this decision by Denmark is a data point of how the Nordics are changing?
It kind of feels like we all have been caught holding the bag (US reserve currency) and now we have to carefully unwind our position.
I’ve lost my point. Maybe my goal here is to just contribute to this discussion to distract from the exhaustion.
No, this is just standard pension fund governance.
https://www.kiplinger.com/investing/what-the-nasdaqs-new-fas...
Buuut if Anthropic does the same and lists on the Nasdaq then I might reconsider.
This just being an incomplete list or is there another reason you name the last two but not Google?
What’s holding you back? And what alternative investments are you considering?
I recently did homework to decide whether to double down on VOO (S&P 500 index) or to diversify via VXUS (ex-US index), and concluded VOO is better for my risk-adjusted ROI outlook and time horizon.
Yes their compute costs are astronomical, but that can be managed down over time by more efficiency or mild enshittification that doesn’t create too much churn.
It’s pretty depressing to be honest. I don’t know how I could work in any of these military industry companies.
It doesn't matter if it's successful or not. Their space business is worth virtually nothing on paper and the funding structures and profit/loss accounts are scary.
And Starlink is a pretty big deal, particularly in a time of conflict where undersea cables are very vulnerable.
If Elon hadn't shifted so far to the right, these threads would be near-universally praising SpaceX despite Starship's struggles.
A symptom of his fickle nature and erratic behavior, as well as general poor impulse control, all of which rightfully make people skittish with their money and question his judgment.
The unfortunate thing is, a lot of people have no idea this rule change has gone into effect, and that they're about to get fleeced by a bunch of professional investors.
https://www.kiplinger.com/investing/what-the-nasdaqs-new-fas...
It's legalized theft, and the victims are people least able to defend themselves from it. Most people have no idea what's in their retirement accounts, or track very closely what's being tracked by the index funds they've been told for decades was the safest way to invest in the stock market for non-pros.
Their skepticism seems pretty valid to me
I don't think it is similar therefore.
Imagine in 2010 if investors had real transparency into how much money YouTube or Maps was losing, along with the governance structures to enforce their concerns.
You’re calling it “political motivation” as some sort of blind hate or vendetta out of principle, cutting off the nose to spite the face. But you can no longer separate Musk from politics and aggression towards Denmark.
The pension fund’s assessment looks entirely valid, objective and justifiable to me. But for anyone who personally favors Musk and his political views any dismissal will look politically motivated. It’s easy to cry foul.
He had period where he though he can become hero for the democrats due to green cars. It did not worked, neither democrats nor left accepted him as unconditional hero.
The racism, the villingness to cause harm to get more power for himself were there whole time. He was far right the whole time, just became more extreme and open when it stopped being disadvantage.
You'd sing a different song quite quickly once the threat stops being abstract as you don't get to free-ride on the security a defense industry provides.
I think you're right that e.g. Anthropic wouldn't be on the block list, because: It's an IT company, and I suspect that even Palantir might make the cut. It is fairly annoying, because my pension fund won't invest in Rheinmetall, SAAB or Kongberg, which I think they should, but they will probably invest in Anthropic, OpenAI, and SpaceX, which I don't really like.
Also, when you buy into an index fund, you are not funding the companies that the index tracks. That’s a misunderstanding of how the markets and index funds work.
