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> 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 s
by smallmancontrov 6mo ago
> 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.
- gizajob 6mo agoI 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-buffett-with-149-phone-gains https://watcher.guru/news/congress-stock-trades-outscores-bu...