top of page
  • Writer's pictureFaron

Learn from the best - NOBEL FOUNDATION (One of the world most successful foundation)

NOBEL annual-report-2020
Download PDF • 491KB

On 27 November 1895, a year before his death, Alfred Nobel signed the famous will which would implement some of the goals to which he had devoted so much of his life. Nobel stipulated in his will that most of his estate, more than SEK 31 million (today approximately SEK 1,794 million) should be converted into a fund and invested in “safe securities”.

The income from the investments was to be “distributed annually in the form of prizes to those who during the preceding year have conferred the greatest benefit on humankind.”

The Nobel Foundation is a private institution established in 1900 on the basis of the will. The investment policy of the Foundation is naturally of paramount importance to the preservation and, if possible the augmentation of the funds and, thus, of the prize amount. According to the original 1901 investment rules, the term “safe securities” was, in the spirit of that time, interpreted to mean gilt-edged bonds or loans backed by such securities or backed by mortgages on real estate. With the changes brought about by the two World Wars and their economic and financial aftermath, the term “safe securities” had to be reinterpreted in the light of prevailing economic conditions and tendencies. Thus, at the request of the Foundation’s Board of Directors, in the early 1950s the Swedish Government sanctioned changes, whereby the board for all practical purposes was given a free hand to invest not only in real estate, bonds and secured loans, but also in most types of stocks.

From 1901, when the first prizes (SEK 150,000 each) were awarded, the prize amounts declined steadily. But with this freedom to invest, along with the long-fought-for tax-exemption granted in 1946, it was possible to reverse this trend and, on average, even keep pace with increasing inflation. The real value of the prize amount in SEK terms was finally restored in 1991. The amount of the 2020 Nobel Prize was set to SEK 10.0 million.

13 views0 comments

Recent Posts

See All


作者:陈明亮(小股东权益监管机构企业监管部门经理) 巴菲特是一位讲故事的大师。你可以从他每年给股东的信、年度股东大会和文章中,学到很多关于投资和人生的教训。 但你还记得其中的大部分吗? 可能不会。他的名言怎么样?很有可能。这是因为它们是令人难忘、简短而有力的句子。 在本文中,我将尝试使用巴菲特的十几个经典名言,来诠释巴菲特投资哲学的主要支柱。 巴菲特 美联社 永远不要亏钱 1. “第一条规则:永远

巴菲特40年前专访首秀 “股神”8大金句今仍适用

“股神”巴菲特1985年接受美国公共电视台(PBS)访问,据悉是他首度在全国电视网亮相,提供投资建议,尽管当时他身家和知名度都没现在这么高,但令人讶异的是其投资理念一以贯之。 以下是巴菲特当年在PBS上提出的金句: ●第一条守则 巴菲特说:“投资的第一条守则是不要亏损,第二条守则是不要忘记第一条。如果你用远低于实际价值的价格买进标的,且大量买进,基本上不会亏钱。” ●投资经理人最重要的特质 他说,


bottom of page