2 ms·

Citation needed.

• godelski 3y ago
  Unusual Whales is a very famous site that tracks politicians Or do you need a citation that members of congress trading based on knowledge they have is not legally defined as insider trading? Because that's also easy to Google fwiw https://unusualwhales.com/politics/article/congress-trading-report-2023 https://unusualwhales.com/politics/article/congress-trading-...
  • alphabettsy 3y ago
    The comment I responded to said that members of Congress consistently outperform professional traders. This doesn’t show that.
    • godelski 3y ago
      I think there's a context gap here. They are referring to congress on average. But the median congress member does not beat SPY. The distribution is highly heterogeneous. Even just looking at number of transactions, half of each party's transactions are performed by a single member of that party. So to translate: > Congress consistently outperforms professional traders to > The average performance of members of congress is higher than that of professional traders. This does not mean a specific member outperforms a specific trader. Though there are specific members who consistently have a performance level that is higher than top traders. Which should beg the question of why these people have such high "skill" levels. This also does not mean there aren't congressional members who lost money in the market (there were 19 actually).