In Good Company with Nicolai Tangen

On this week’s Friday Wrap-Up, Nicolai Tangen is joined by Daniel Balthasar, Co-Chief Investment Officer of Active Strategies at NBIM, for a closer look at the fund’s active side. Following this week’s podcast episode with Bill Ackman, they discuss the investment that made Daniel admire Ackman, whether NBIM is an index fund, and what the fund can learn from the best investors. Daniel also explains why challenging your own investment thesis can be so hard, and how he stays focused in a tougher year for active management. Tune in!

Listen to In Good Company with Bill Ackman, CEO of Pershing Square: https://podcasts.apple.com/no/podcast/bill-ackman-concentrated-investing-permanent-capital/id1614211565?i=1000798461455

This Friday Wrap-Up is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management, together with Daniel Balthasar, Co-Chief Investment Officer of Active Strategies. New episodes of In Good Company air every Wednesday, with the Friday Wrap-Up following each week to break it all down.
Hosted on Acast. See acast.com/privacy for more information.

Bill Ackman has become one of the best-known names in investing by doing something unusual: running a concentrated portfolio of very few companies, with a long-term view. Speaking with Nicolai Tangen, the founder and CEO of Pershing Square explains what makes a business truly great, how Warren Buffett’s example shaped his approach to long-term capital, and why he no longer has to break down doors as an activist. They discuss how AI is changing markets and why Bill is so active on social media, where he finds fresh ideas and hears views that differ from his own. Bill also opens up about the family tragedy that struck earlier this year, and what it has led him to focus on. Tune in for a conversation about big bets, open minds, and what matters most!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episodes every Wednesday, and don't miss our weekly wrap-up on Friday’s.
The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen. Background research was conducted by Une Solheim.

Watch the episode on YouTube: Norges Bank Investment Management - YouTube
Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
Hosted on Acast. See acast.com/privacy for more information.

This week’s Friday Wrap-Up looks back at Nicolai Tangen’s podcast conversation with
Eric Schmidt, former CEO of Google and one of the most influential voices on AI.
Marthe Skaar and Nicolai discuss how investors should think about a business model
where a new AI model takes about six months to build and may be out of date within
months.
They also cover why Nicolai believes over-regulating AI could hold Europe back, and
why companies need to change their culture much faster than before.
They also look at the gender gap in AI use at the fund, and Nicolai also shares how he
prepares for his podcast conversations. Finally, he gives a preview of his upcoming
guests in New York. Tune in and find out!

Listen to In Good Company with Eric Schmidt: https://www.nbim.no/no/nyheter-og-
innsikt/podkast-in-good-company/2026/eric-schmidt-the-age-of-agents-
superintelligence-and-why-europe-is-falling-behind/

The Friday Wrap-Up is hosted by Marthe Skaar, Chief of Communications and External
Relations, together with Nicolai Tangen, CEO of Norges Bank Investment Management.
New episodes of In Good Company air every Wednesday, with the Friday Wrap-Up
following each week to break it all down.

The production team for this episode includes Halvor Pritzlaff Njerve, Isabelle Karlsson,
Line Aaltvedt and PLAN-B’s Niklas Figenschau Johansen.
Hosted on Acast. See acast.com/privacy for more information.

Eric Schmidt has watched the technology industry reinvent itself again and again, and he is convinced this wave is the biggest yet. The former CEO of Google, today one of the leading voices on AI, joins Nicolai Tangen for a conversation about agents, superintelligence and power. Where does this leave large companies? What happens to Europe? And what is Schmidt most worried about? Schmidt also speaks about failure, the myth of the founder, and why he can never switch off. Tune in!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episodes every Wednesday, and don't miss our weekly wrap-up on Friday’s.
The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen and Håkon Klemsdal. Background research was conducted by Isabelle Karlsson and Marius Dale.

Watch the episode on YouTube: Norges Bank Investment Management - YouTube
Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
Hosted on Acast. See acast.com/privacy for more information.

This week’s Friday Wrap-Up looks at Nicolai Tangen’s podcast conversation with Spencer Rascoff, CEO of Match Group, the company behind dating apps like Tinder and Hinge. With Marthe Skaar in Oslo and Nicolai in London, they discuss how online dating has changed the way people meet, the algorithm Rascoff compares to a deck of cards, and his advice for a better dating profile. They also look at why NBIM holds regular portfolio manager debriefs, and why sticking to a consistent methodology matters. Nicolai also shares what is on his agenda for the weekend. Tune in!
Listen to In Good Company with Spencer Rascoff, CEO of Match Group: https://podcasts.apple.com/no/podcast/john-armitage-how-he-invests-building-egerton-and/id1614211565?i=1000793578407

The Friday Wrap-Up is hosted by Marthe Skaar, Chief of Communications and External Relations, together with Nicolai Tangen, CEO of Norges Bank Investment Management. New episodes of In Good Company air every Wednesday, with the Friday Wrap-Up following each week to break it all down.
Hosted on Acast. See acast.com/privacy for more information.