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And don't miss Mark Gilbert on Norway's sovereign wealth size problem: "Don't expect, then, that Norway will be able put all its money to work. Look at its track record in private real estate: at $7 trillion, it's a market that's three times bigger than private equity, according to McKinsey. Yet Norway has failed to meet its allocation goal for real estate since getting permission to add the asset class in 2010. It has about 2.5 percent of its assets in real estate, half of its target."

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Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

To contact the author of this story: Max Nisen in New York at

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