+56% vs the S&P's +36%. This does not look "suspicious", from a purely statistical point of view.
As a single data point I agree, I wonder if there is a long term view. Especially something that tracks before office, during office, after office.
Pelosi and a lifetime of trading
151–160 of 192 posts
Re: Pelosi and a lifetime of trading
#152Studying Pelosi’s portfolio is one of the key strategies every trader should know by now.
I have made a lot of money following her trades, particularly when she jumped in on Crowdstrike right before the government security hacks.
This lady can tell the future. /s
Re: Pelosi and a lifetime of trading
#153The article never says this, but her husband, Paul, is a longtime investor / VC [1]. There’s obviously still a huge opportunity for leakage of information that Nancy Pelosi receives, but the trades don’t actually look suspicious nor requiring non-public information. There was some reporting on this issue more broadly when Senator Burr seemed to place trades directly due to coronavirus information, which included Pelo…
Most of Pelosi's homerun trades involved bluechip public stocks. I don't think it's reasonable to expect a VC to have that much edge there. VCs specialize in early stage private companies. That's a very different skillset than trading options on NASDAQ. If Paul Pelosi really had that much alpha in quarterly moves in ultra-liquid stocks like Microsoft and Disney, he'd almost certainly be a hedge fund manager.
I don't think it's so much about individual stocks. House members and especially house leaders have the ability to propose legislation or even talk about potential legislation that affects entire industries. Blue chip stock trades ahead of major legislation (ie. trading facebook before a major revision to section 230) don't matter so much about the blue chip nature.
IMO employee insiders have restrictions to trading the stocks of their company. I don't think it's overly onerous to have congresspeople disallowed from direct control over their or their immediate family's portfolios. Does that make it difficult to work in congress and have a family member working in finance? Sure, but I think that's okay.
Re: Pelosi and a lifetime of trading
#154Earlier 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.
She's the Speaker of the House. Outstanding legislation proposed by the President of the United States (a member of her political party) would subsidize the electric vehicle sector to the tune of $174 billion.
If you don't think this gives rise to the appearance of impropriety, then what precisely does?
Re: Pelosi and a lifetime of trading
#155Why are all of the members of Congress extremely wealthy? Doesn't seem particularly representative of the general population.
Members of the UK Parliament are generally upper-class, but they're not all extremely wealthy.
Re: Pelosi and a lifetime of trading
#156This has been debunked over and over starting in 2012. Nanci Pelosi is not part of a crime family. Stop trying to claim otherwise. Snopes debunked this okay like 2 years ago. https://www.snopes.com/fact-check/nancy-pelosi-crime-family/
Thank you fact checkers.
Imagine how society would be without them? We’d be drowning in wrong-think.
Re: Pelosi and a lifetime of trading
#157They sold Amazon calls going into COVID. A call is a right to buy so selling a call means you have an obligation to sell the stock to the buyer at the strike price on or before the expiry (assuming American option). Can’t see the strike price or expiry but there is no way they didn’t lose money on that trade since Amazon was up up up and away every month after that and it would have had to be way out of the money not to trigger. In other words, not a particularly heads up trade.
Re: Pelosi and a lifetime of trading
#158The article never says this, but her husband, Paul, is a longtime investor / VC [1]. There’s obviously still a huge opportunity for leakage of information that Nancy Pelosi receives, but the trades don’t actually look suspicious nor requiring non-public information. There was some reporting on this issue more broadly when Senator Burr seemed to place trades directly due to coronavirus information, which included Pelo…
Wasn't Pelosi the cause/reason congress isn't allowed to insider trade anymore because of that 60 Minutes piece? [1]
[1] https://www.cbsnews.com/video/confronting-pelosi-on-insider-...
Re: Pelosi and a lifetime of trading
#1591) Nancy Pelosi is ethical and an upstanding citizen, a true hero-person among ordinary people.
2) There are no prospective conflicts of interest in having your significant other trade on your behalf. If there were any such conflicts, they're acceptable anyway.
3) There's nothing unusual around these trades. Many lawmakers underperform the market anyway. Also some people under-perform and over-perform. Nothing to see here nor question.
4) Legislating around the companies you buy and sell is an acceptable, both in governance structure and in economic opportunism
5) There is no way to mitigate these conflicts of interest anyway, so there is no point in paying attention to them.
Re: Pelosi and a lifetime of trading
#160Nancy 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'…
> her portfolio is still underperforming an S&P 500 index fund with the dividends reinvested Can you expand on this? The article indicates her one year returns were considerably higher than the S&P 500 last year.
One year does not mean anything. If she is beating S&P 500 over 20 or 30 years, then there is a problem.