Posted on 07/04/2010 5:48:15 PM PDT by Leisler
A 2004 study of the results of stock trading by United States Senators during the 1990s found that that Senators on average beat the market by 12% a year. In sharp contrast, U.S. households on average underperformed the market by 1.4% a year and even corporate insiders on average beat the market by only about 6% a year during that period.
(Excerpt) Read more at professorbainbridge.com ...
The only surprise is that these numbers were allowed to be published. I’m surprised they were not ‘washed’ years ago.
Most likely the data was washed. This is want was missed.
Take LBJ. His wife got those useless, nobody ever listened too radio stations. It was amazing the ad price Lady Bird’s stations were able to command, and the interest in American’s largest company’s in getting commercial time to pitch their defense weapons, and such to the cowboys of rural Texas.
surprise, surprise!
/s
Washington DC - where the fully employed are taking advantage of the slumping stock market.
Gaming the system on tax-paid salaries, benefits and freebies coerced from their prey.
Hey come on. With out them little girls won’t pine for boys, the sun won’t rise, grass won’t grow, thinkers won’t think, drummers bang their drums, traders trade.....
We can’t live with out them.
/sarc off
I clicked the link and didn’t see what I wanted which is the list of Senator’s that did this. I would like the list. Can you help?
Uhhhh....right.
Simple solution...
Require real time full disclosure for all stock transactions by corporate and government executives.
“Insider” information instantly becomes public information.
I clicked on all the links.
Looks like you have to subscribe to the journal for the full article.
Only the abstract, printed above, is free.
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