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Home Columns Diplomatic Speak

A GUYANA Embassy in NORWAY; Warren Buffett’s 8 money RULES to build lasting WEALTH; and CEO Year-End CHECKLIST applicable to President, Vice Presidents, Prime Minister, Ministers, CEOs, Chairpersons & LEADERS

Admin by Admin
December 27, 2025
in Diplomatic Speak
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HAPPY HOLIDAYS and a Blessed NEW YEAR 2026 to ALL.

A GUYANA Embassy in NORWAY

ESTABLISHING a dedicated GUYANA EMBASSY in NORWAY will be strategically beneficial due to the TWO nations’ deep existing collaboration on climate change and sustainable development, as well as opportunities for partnership in the OIL, GAS, and BLUE ECONOMY, EDUCATION, HEALTH, and SOVEREIGN WEALTH Sectors.

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Strategic Benefits
Deepen Climate and Forest Partnership: The cornerstone of Guyana-Norway relations is the landmark partnership where Norway has provided over US$220 million for Guyana’s forest conservation efforts and Low Carbon Development Strategy (LCDS).
A RESIDENT EMBASSY would facilitate closer, high-level dialogue to manage this ongoing initiative, including the development and monitoring of solar energy and other green projects.

Facilitate Economic and Trade Ties:
Norway is a global leader in the offshore energy and maritime sectors. With Guyana’s emerging oil and gas industry and focus on developing a “blue economy” (sustainable ocean resources), an embassy in Oslo could serve as a vital hub to:

Attract Norwegian investment and expertise in energy and maritime technology.
Promote bilateral trade and explore opportunities for Guyanese exports.
Facilitate knowledge sharing on managing natural resources for national prosperity, leveraging Norway’s experience.

Enhance Diplomatic Presence and Influence:
A PERMANENT MISSION in Oslo would provide Guyana with a direct line of communication to the Norwegian government, allowing for more assertive and frequent engagement on matters of mutual concern, including international peace and security and the promotion of a rules-based international system. It would also provide dedicated consular services to Guyanese citizens in the region.

Strengthening Multilateral Cooperation:
Norway is an active participant in international climate forums and a respected global mediator.
A GUYANA EMBASSY in Oslo could strengthen collaboration within these multilateral frameworks, amplifying Guyana’s voice on issues critical to small developing states, such as climate financing and sustainable development goals.

Educational Avenues and Expertise Areas

Guyanese citizens have opportunities to study at Norwegian public universities for little to no tuition fees, which is ideal for gaining expertise in natural resource management, technical and fiscal management, and health.
Norway’s higher education system is well-regarded globally and offers a range of programs in relevant fields.Tuition-Free Public Universities: Public institutions, such as the University of Oslo, the Norwegian University of Science and Technology (NTNU), and the Norwegian University of Life Sciences (NMBU), do not charge tuition fees for international students at the Bachelor’s, Master’s, or PhD levels. Students typically only pay a small semester fee.

Natural Resource and Energy Management: Universities offer programs in fields such as natural resource management, petroleum engineering, and energy, environment, and society. This directly aligns with Guyana’s emerging oil and gas industry and Low Carbon Development Strategy (LCDS).

Sovereign Wealth Management: Norway has one of the world’s largest and most transparent sovereign wealth funds, offering an excellent model for study. While specific degrees in “Sovereign Wealth Management” may not be common, relevant expertise can be gained through programs in business administration, finance, and economics.

Health and Public Health: Opportunities also exist for public health studies, with various programs available and potential scholarships listed on portals like Mastersportal.

EMBASSIES in NORWAY
Norway HOSTS around 57 FOREIGN EMBASSIES and numerous CONSULATES, primarily in Oslo, representing many countries, with the total number of diplomatic missions (embassies + consulates) reaching over 200 from roughly 90 nations, offering a BROAD diplomatic presence in the CAPITAL.

Total Missions (Embassies & Consulates) are 215 approximately from 90 Countries with Most MISSIONS are in OSLO with others in Bergen and Stavanger.
Warren Buffett’s 8 money RULES to build lasting WEALTH.
WARREN BUFFET started out with $9,800 in savings after college. He’s now worth a staggering $150.2 billion, making him the 10th  RICHEST person in THE WORLD.
That’s Warren Buffett. His secret? Strategy that isn’t built on hype — it’s built on patience, discipline and a handful of fundamental principles that have stood the test of time.

The best part is these aren’t just reserved for billionaires or Wall Street insiders. They are PRACTICAL rules anyone can follow, whether you’re investing your first $1,000 or managing a six-figure portfolio.
Here IS how you can apply Buffett’s timeless advice to your own finances.
1. Let COMPOUNDING work its magic
Buffett’s secret weapon isn’t timing the market — it’s time in the market. “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever,” Buffett famously wrote in a letter to shareholders in Berkshire Hathaway’s 1988 annual report.

One of the most powerful aspects of compound interest is that it works quietly in the background, requiring minimal effort from the investor. It allows your investments to grow on top of themselves over and over again — like a snowball gaining momentum.
The trick is to start early, automate your savings and think long-term. At just 11, Buffett bought his first stock — three shares of Cities Service at $38 each. When he sold at $40, the price soon soared, teaching him an early lesson: real wealth does not come from quick trade, but from patience and the power of compounding over time.

The beauty of this approach is its accessibility — anyone, regardless of wealth, can take advantage of it. Even insignificant amounts can grow over time with tools like Acorns — a popular app that automatically invests your spare change
.
www.acorns.com

2. Focus on LONG-TERM  — not SHORT-TERM NOISE
“Be fearful when others are greedy, and greedy when others are fearful,” Buffett wrote to shareholders in Berkshire Hathaway’s 1986 annual report.

When markets tumble, fear takes over, prompting many investors to sell. Buffett, however, takes the opposite approach. He buys high-quality assets at discounted prices during times of fear, confident that their actual value will appreciate over the long run.
You can adopt a similar strategy by diversifying your investments across various assets and resisting panic-driven decisions during market fluctuations.
Real estate is especially effective as a hedge, offering stability and protection against both volatility and inflation, making it a smart addition to a well-rounded portfolio.
But, while real estate might be a solid investment, the asset class typically has a high barrier to entry. Fortunately, a growing number of platforms out there now make it easier to invest in real estate today.

3. Keep a cash cushion
Even as a billionaire investor, Buffett does not take liquidity for granted. Holding cash — or cash-like assets — gives him the ability to act quickly when opportunities arise and shields him from needing to sell investments at a loss during emergencies. It’s a smart, defensive move that ensures stability.
“We always maintain at least $20 billion — and usually far more — in cash equivalents,” Buffett wrote in a letter to shareholders in Berkshire Hathaway’s 2014 annual report.
You might not have billions like Warren Buffett, but you can still apply the SAME PRINCIPLE  by growing your savings efficiently and building a substantial cash cushion with a high-yield savings or cash account.

4. Live within your means
Warren Buffett still lives in the same Omaha home he purchased back in 1958 and drives a modest car.  His frugal lifestyle isn’t being stingy — it is  about discipline.  He does not  buy luxury cars or mansions just because he can. By keeping his costs low, he is able to leave more of his money invested and continue compounding over time.
You can adopt this same mindset by finding creative ways to cut costs in your own life. Trivial things often add up to big results over time.
One area where many people can save significantly is home and car insurance. Regularly shopping around and comparing rates between insurance providers can make a significant difference in your budget.

5. Avoid high-interest debt
Warren Buffett once said, “If I owed any money at 18%, the first thing I’ will do with any money I had would be to pay it off.” That is not just advice — it is  a strategy.
Buffett understands that high-interest debt, like credit card balances, can quietly undo years of smart investing. When interest is compounding against you, even the best investments struggle to keep up.

If you are carrying debt with steep rates, follow Buffett’s lead: make paying it off your top priority.
If you have considerable equity in your home, you may consider consolidating your high-interest debt into a low-interest on home equity loan.

Having access to your home equity could help to cover unexpected expenses, pay substantial debt, fund a major purchase like a home renovation or supplement income from your retirement nest egg.

6. Only invest in what you understand
Buffett has a simple golden rule: “Never invest in a business you cannot understand.” If he cannot easily explain how a company makes money or what gives it a competitive advantage, he stays away.
You can take a similar path by removing the guesswork from your decisions. If you’re not sure where your strengths lie as an investor, that’s where platforms like Moby can come in.

Moby provides expert research and stock recommendations backed by former hedge fund analysts, making it easier to identify strong, long-term investment opportunities.
Over the past four years, Moby’s nearly 400 stock picks have outperformed the S&P 500 by an average of almost 12%. They also offer a 30-day money-back guarantee, so you can try it risk-free.
https://www.moby.co

7. Buy low-cost S&P 500 Index Funds — consistently
Buffett has long championed the S&P 500 index fund as a smart, low-cost way for most people to invest. It provides broad exposure to top U.S. companies, ensuring diversification while minimizing risk.
“It makes the most sense practically all of the time. Keep buying it through thick and thin, and especially through thin,” Buffett stated.

The results back him up. Over the past 50 years, the S&P 500 Index has demonstrated a strong history of performance, with recent annual returns of 26.29% in 2023, 25.02% in 2024, and a steadier 14.47% so far in 2025.
Even professional investors often struggle to beat this index over time.

8. Don’t overpay for investment fees
Warren Buffett is a staunch critic of high investment fees — and for good reason. As he famously said, “A great many people think they’re investing when they’re just speculating. And if you’re paying high fees to do it, you’re compounding the mistake.”

Many investors unknowingly sacrifice a massive portion of their returns to HIGH management fees.
His approach is to avoid unnecessary fees and high advisor commissions wherever possible. They are hidden costs that often go unnoticed, but they compound just like returns.
Traditional advisors typically charge fees between 0.5% to 2% , or $1,000 to $3,000 plus for comprehensive financial plans.
Warren Buffett, one of the most successful investors in history, swears by these 8 MONEY RULES  to build LASTING WEALTH
1. Do not spend more than you earn: Live below your means and avoid debt.
2. Save and invest wisely: Invest in what you understand and diversify your portfolio.
3. Be patient: Wealth building is a long-term game.
4. Avoid get-rich-quick schemes: They’re often just a recipe for disaster.
5. Invest in yourself: Continuously learn and improve your skills.
6. Diversify your income streams: Do not  rely on just one source of income.
7. Minimize taxes and fees: Keep more of your hard-earned money.
8. Stay humble and be prepared for uncertainty: Markets fluctuate, and unexpected expenses happen.

These rules have helped Buffett become one of the wealthiest people in the world.

HOW  BUFFET HANDLED A “DEXTER SHOE COMPANY” MISTAKE

Buffett’s 
most famous mistake was the 1993 purchase of Dexter Shoe. He paid $433 million—not in cash, but in Berkshire stock.
When cheap foreign competition crushed Dexter, the business effectively went to zero.

The Berkshire shares he gave away, however, 
would be worth about $18 billion today. He has called it his “most gruesome mistake” and joked that it belongs in the “Guinness Book of World Records” for financial disasters.
In his 2020 letter to shareholders, he DID NOT blame the economy or managers. He wrote simply, “I paid too much for the company.”
Notice what he also DID NOT do:
  • He DID NOT  bury the mistake in footnotes. 
  • He DID NOT try to minimize the numbers. 
  • He took responsibility in widely read shareholder letters.
That radical transparency is rare, but it is central to Buffett’s thinking about risk: you cannot manage what you refuse to see clearly.

Warren Buffett’s investment style is a blend of value investing, long-term growth, and smart risk management. Here are some key aspects:

Value Investing
: Buffett looks for undervalued companies with strong fundamentals, buying them at a discount to their intrinsic value. He focuses on businesses with a durable competitive advantage, solid financials, and a proven history.

Long-Term Focus
: Buffett is known for holding stocks for decades, allowing him to ride out market fluctuations and capture compounding growth. He prioritizes business performance over short-term stock price movements.

Quality Over Quantity
: He prefers investing in a few high-quality companies rather than spreading himself thin across many mediocre ones. Buffett seeks businesses with strong brands, loyal customers, and consistent earnings.

Margin of Safety
: Buffett emphasizes buying with a margin of safety, ensuring the stock price is significantly lower than the company’s intrinsic value. This approach helps mitigate risk and increase potential returns.

Contrarian Thinking
 : Buffett often invests when others are fearful, capitalizing on market undervaluation.       His famous quote, “Be fearful when others are greedy, and greedy when others are fearful,” encapsulates this strategy.

Focus on Management
: Buffett prioritises investing in companies with trustworthy, capable management teams who prioritize shareholder value. These principles have contributed to Buffett’s success as one of the most successful investors in history.
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