Value Investing with Legends

Nicolai Tangen - Decision-Making and Intuition in Investing

105 snips
Nov 24, 2023
Nicolai Tangen, CEO of Norges Bank Investment Management, discusses his journey from art student to leading a prominent investment fund and the role of historical context in risk appetite. He also explores the implications of AI on future investment strategies and the value of contrarian thinking in a changing market.
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ANECDOTE

Dispersion of Outcomes

  • Nicolai Tangen's Russian studies classmates had varying outcomes despite high qualifications.
  • This mirrors finance, where talent and success are unevenly distributed.
ADVICE

Investing Apprenticeship

  • Investing is like an apprenticeship; learn from experienced professionals.
  • Absorb their approach to company analysis and risk management.
ANECDOTE

Art History Sabbatical

  • After Egerton, Tangen studied German Expressionist woodcuts.
  • He values art's contrast to finance and its benefit to creativity and the soul.
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