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Pelosi and a lifetime of trading

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Re: Pelosi and a lifetime of trading

#121
post #93

Earlier quoted context omitted.

Because he could veto it.

you understand vetos are something congress can override right?

Vetoing the bill would have at least made the passage more notable, and likely required there to have been more than thirty seconds of debate on the topic. Making them override a veto has some value.

Re: Pelosi and a lifetime of trading

#122

Earlier quoted context omitted.

Regardless of returns, buying TSLA leap options is a terrible look and breaks down trust in institutions. How am I supposed to look at that and just trust that she isn’t influencing policy with her options trades in mind? It’s not even about evidence of illegal actions, she’s a public official and part of her job is to build trust with the public.

>buying TSLA leap options is a terrible look and breaks down trust in institutions What is unusual about her spouse buying TSLA options? I'd say that the TSLA CEO has been more influential over the TSLA price than any new legislation.

What about public spending on electrical charging infrastructure?

What about reduced regulation of the franchise car dealership model at the federal level?

Those might have a 'lil bit of an effect.

Re: Pelosi and a lifetime of trading

#123
> Her one year returns for her stocks is 45.59%, and her option returns are 66.7%.

I mean, any other year and that'd be extraordinary, but I'm just some schmuck who put my 401k mostly in a high growth index fund and I got over 70% last year. I wasn't even trying.

Re: Pelosi and a lifetime of trading

#124
post #84

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi'…

> Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. Does that mean majority of CEOs of investment firms "top[ped] the list for investments" during that time?

Yes, for 2020, almost every investment firm had amazing returns.

Re: Pelosi and a lifetime of trading

#125
post #84

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi'…

> Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. Does that mean majority of CEOs of investment firms "top[ped] the list for investments" during that time?

No, but it should be obvious that it is a relevant data point to consider. If the article was about number of pool installations by congress members, and you left out that the husband of one of the members owned a pool installation company and you are going by numbers of pools installed by their families, not just the congress members themselves, it would be a pretty big omission.

Re: Pelosi and a lifetime of trading

#126

Just an observation: IF we take it as GIVEN that policymakers are going to find a way to earn some fixed amount X which is greater than their salary (this is a big assumption and probably not true, but just for a thought experiment) THEN maybe making money from stock options is actually better than taking money from lobbyists? Lawmakers can make money from both hurting and helping companies, so it doesn't create a pa…

Making money through insider trading is very maligned with the public good. One it is essentially using the stock market as a mechanism to transfer wealth from unknowing public traders to insider traders, if they're making money they're making it off of someone. Two, because of this, it creates the existential risk of a lose of trust in the public markets which can lead to their collapse. It's a real case of who watches the watchmen though because insider trading laws were, of course, created by congress itself.

Re: Pelosi and a lifetime of trading

#127

She does as well as Rentech’s Medallion fund. Looks like Warren Buffett has a competitor. Reminds me of Hillary Clinton’s remarkable skill trading cattle futures. I suppose great politicians must also be great at reading the market. Incredible talent.

Warren Buffet has not had much luck since the Goldman Sachs investment in 2008. If anything, he's had a few investments flop (IBM, Kraft Heinz) and missed out on a ton of growth from not being in tech. I assume BRK is keeping up with the market due to its significant AAPL holdings.

So much for value investing, eh? Looks like tech stocks are where it's at.

Re: Pelosi and a lifetime of trading

#130

Nancy Pelosi's husband is CEO of a investment firm. It shouldn't be that surprising that she tops the list for investments. As others online have pointed out, despite an above average year, her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested. Should politicians be forced to put their assets in a blind trust while in office? Yeah, probably. But I don't think I will indict Pelosi'…

Regardless of returns, buying TSLA leap options is a terrible look and breaks down trust in institutions. How am I supposed to look at that and just trust that she isn’t influencing policy with her options trades in mind? It’s not even about evidence of illegal actions, she’s a public official and part of her job is to build trust with the public.

Again, I don't disagree with you on this. I think public officials should put their assets in a blind trust, and many of them already do.
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