In an article published in the Financial Times last month, journalist Robin Wigglesworth explores how Norges Bank Investment Management (NBIM) — Norway's $1.5 trillion sovereign wealth fund — handles and learns from mistakes.
Wigglesworth references a report Norges published in February in which anthropologist Tone Danielsen evaluates the fund's culture. Therein, Danielsen discusses an incident where one employee's Excel mistake caused the fund to lose roughly $92 million.
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