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Comment by carabiner | Hacker News Reader

NANC so far is tracking the NASDAQ very closely. I wonder if it's just overweighted by Pelosi's holdings (really her husband who's a sophisticated investor).

Edit: It might just be better to buy a NASDAQ index fund. NANC expense ratio is 0.75%, double that of most index funds. Then again NANC doesn't have as much history.

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> really her husband who's a sophisticated investor

It's not hard to be a sophisticated investor when your spouse is one of the decision-makers influencing major stock movements - a la CHIPS Act.

It would be naïve to believe spouses never discuss pending legislation that might financially benefit them both.

An interesting corollary to outperforming the market long term being difficult is that underperforming the market (ignoring transaction costs) is also difficult. If you could consistently pick bad stocks then buying everything else would outperform the market.

So sophisticated on its own doesn’t imply consistently outperforming the market. It does imply variance and thus windows where they will outperform the market even if they preform poorly long term.

Yeah, Warren Buffett compared to the Pelosis. Nancy Pelosi does this as a part-time job and kills it while simultaneously fulfilling her primary duties. We should be grateful that she didn't decide to get into managing a fund.

This is hilarious, thank you for brightening my day with your humor.

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