Perks of Incumbency

And you thought that “public service” was the motivation of congresscritters. Turns out that these critter’s own portfolios outperform the stock market by 12% per year. This outperformance is even better than corporate insiders (6% per year) and the front-running prop trading desk at Giant Squid Goldman Sachs.

Well I say it’s a good thing that our elected cockroaches critters Honorable Senators and Representatives are imbued with 20-20 foresight and financial savvy. Because it is, well, not very respectful to imply that The Honorable are taking advantage of inside information in ways that are illegal for everyone else.


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