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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: