> Second, we conduct the first analysis of members’ portfolio holdings, showing that between 2004 and 2008 the average member of Congress would have earned high

> Second, we conduct the first analysis of members’ portfolio holdings, showing that between 2004 and 2008 the average member of Congress would have earned higher returns in a passive index fund. https://www.jstor.org/stable/10.1017/s0022381613000194 https://www.jstor.org/stable/10.1017/s0022381613000194 > For all trades reported electronically and on paper, the buys and sells have the same pattern; they underperform slightly for the first few months and then outperform the market after 150 days by less than 1 percent, which is not statistically significant. Otherwise, the returns of the buys and sells appear to be relatively random. > The results show that neither Democrat nor Republican senators are especially skilled at picking stocks to buy. https://home.dartmouth.edu/news/2020/04/us-senators-stock-picks-do-not-appear-reflect-inside-traders-edge https://home.dartmouth.edu/news/2020/04/us-senators-stock-pi...