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Again, I am genuinely not into politics, but to me the idea that she doesn't trade on insider information is absolutely laughable.
by throw1234651234 3y ago
Again, I am genuinely not into politics, but to me the idea that she doesn't trade on insider information is absolutely laughable.
- ceejayoz 3y agoI'm all for a ban in Congressional stock trading, but the idea that she needs to risk that with an already-wealthy VC husband with plenty of his own insider access seems similarly laughable. (Headlines also tend to call it her wealth, which seems pretty misleading.) In 2022, their return was -19.8%. 2023 saw the market up enormously, and as my link indicates, Dems in Congress have been benefiting from a focus on tech stocks like Nvidia across the board.
- throw1234651234 3y agoI am more inclined to take that as an argument for "most of Congress" insider trades rather than "Nancy doesn't". I will leave that here though, long political argument ahead if we keep going. Agreeing to disagree. Also, thank you for the link, these stats definitely give a more balanced view.
- ceejayoz 3y ago> I am more inclined to take that as an argument for "most of Congress" insider trades rather than "Nancy doesn't". 1/3 beat the market; that means 2/3 did not. Right? In a population of random idiots, you'd probably expect a certain amount to beat the market, a certain amount to match it, and a certain amount to flub.