"Members of Congress outperformed the S&P 500—sometimes by huge amounts"
https://fortune.com/2024/01/03/members-of-congress-profit-fr...
"Congressional Stock Trading: The Law, the Conflicts, and the Push for a Ban"
https://govfacts.org/accountability-ethics/ethics-conflicts-...
"The 2 ETFs That Track Congressional Stock Trades"
https://www.morningstar.com/funds/2-etfs-that-track-congress...
The insider trading on oil futures is just on much bigger scale.
It’s also funny when you see their performance charted against Warren Buffet’s. Looks like Warren is a rank amateur who knows very little about the markets and buying companies for the right price compared to the likes of Nancy who must be a supreme multitasker and stock picker.
People have been strung up for less than what counts as business as usual in contemporary, rotten to the core, American business & politics.
> supreme multitasker and stock picker
Not really. Paul Pelosi was a tech investor. If you were heavily concentrated in META, AAPL, AMZN, NFLX, GOOG, etc you should have crushed the S&P and Warren Buffet too.
Famously, Warren Buffet's recent outperformance mostly came from AAPL, which was <1% of his positioning when he put it on. Imagine if it had been several percent! Such were the delights of many tech investors over the last 20 years or so.
I was picking on her but there are dozens of others who outperform Warren by multiples. And ok he’s pretty conservative but even so this chart is pretty damning.
https://watcher.guru/news/congress-stock-trades-outscores-bu...
I’m happy to report I am able to hold both violations of the law and ethics rules in similar contempt.