The Canada Pension Plan (CPP) has over 2,000 employees.
Top 5 managers, make more than $5 million per year.
They have never beaten the market.
Nevada has 1 guy. Who invests in ETFs.
Does nothing. All day.
And he outperforms the CPP.
Consistently.
For further context, if CPP invested in QQQ, for the last 10 years, instead of $800 billion in assets, we would have $2.4 Trillion.
VOO would put it at $1.6 trillion.
Lesson: The government will never outperform the market.
So donโt think the Sovereign Debt Fund will be any different.
Today, Nebius broke ground on its flagship AI factory campus in Independence, Missouri โ the company's first gigawatt-scale digital infrastructure project in the US.
The campus will support ~1,200 construction jobs and 130 permanent roles, alongside a community benefits plan covering local education and workforce development.
State and local leaders, economic development partners, and community members joined company representatives to mark the occasion.
Read the full release: https://t.co/FfwCeEPZi4