Tangen: Junior Investors Cannot Use Gut Feel Because Superiors Disbelieve It
Nicolai Tangen · The $2 Trillion Mind | Nicolai Tangen · Feb 17, 2026 · at 42:32
Nicolai Tangen, CEO of Norway's $2 trillion sovereign wealth fund, discusses how organizational hierarchy restricts the use of intuition and pattern recognition in investment decision-making.
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“You can't apply it when you're young, because nobody believes in it. You can't go to your boss and he's like, hey, you know what? I think you should, you know, buy a, you know, a hundred million worth of apple. It's like, okay, well, why? Ah, it's just a gut feel I have. It doesn't work, right? Nobody's going to listen to you. So you need to be pretty senior, and ideally you want to be the boss, because if you're the boss you can actually do it.”
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More from Nicolai Tangen
Tangen: Buying before researching creates urgency and relies on pattern recognition
“Well, I did that quite a lot, and I think it's, why do you want to do that? Well first of all, you, if your gut feel is good, and, you know, people don't believe in gut feel if you call it gut feel. If you call it pattern recognition, more people believe in it…”
Tangen: Contrarians should do less AI and more real estate
“Well, I think the stuff to lean against if you really want to do the opposite of everybody else would be to, you know, do less AI related investments and more real estate investments.”
Tangen: Structural issues will probably keep interest rates higher
“I think there are some structural issues which mean that they probably will be A bit higher than they have been.”
Tangen: Passive investing tends to perpetuate market bubbles
“The natives is that you will, I mean, they would typically perpetuate bubbles because with more passive money, they go into, you know, stocks which have done historically well and they perpetuate the moves.”