4 investing principles that elevated Yngve Slyngstad to managing the NBIM

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How many of us have heard of Yngve Slyngstad, a name synonymous with finance? Being the CEO of Norges Bank Investment Management (NBIM) from 2008 to 2020, he successfully expanded the Government Pension Fund Global in Norway, transforming it into the largest sovereign wealth fund globally, with assets under management surpassing $1 trillion. Additionally, he is recognised for spearheading responsible investment initiatives, including the strategic divestment from companies with subpar environmental and social performance.

Slyngstad is regarded as one of the most influential investors globally within financial circles. His advocacy for a socially responsible approach to asset management has led numerous investment professionals to increasingly view Norway as a benchmark for financial asset management. While the principles articulated by this accomplished investor may not be universally applicable, they remain noteworthy. Some of these include

Investors are encouraged to adopt a prolonged perspective and concentrate on the intrinsic value of assets, prioritising it over transient market fluctuations. Embracing this enduring outlook is crucial for attaining sustained success in investments.

When investors concentrate on the near future, they are prone to making impulsive decisions influenced by market noise and emotions. This tendency can result in suboptimal investment decisions, such as hasty selling during market downturns or acquiring overvalued assets amidst market upswings.

Crucially, investors adopting a long-term perspective are better equipped to withstand market fluctuations and emphasise the sustained growth potential of their investments. This strategy is more inclined to yield positive returns over an extended