Nancy Pelosi posted up a staggering 16,930% return, beat the market by 581%
finance.yahoo.com
finance.yahoo.com
A book I read described that as the "bigger fool theory": your purchase drives up the price, and the increase will make a bigger fool want to pay an even higher price later. A "growth stock".
He purchased Facebook shares via options in 2020, Facebook founding was 2004 and IPO 2012.There is no credible record of Paul Pelosi being listed among named early private investors.
You either believe him and her, are better investors than Goldman Sachs, or Renaissance Technologies or you believe this is corruption.
One is passive luck, the other is consistent, suspicions, permanent positive performance....
Oh, wow, a guy who specializes in investing in FAANGs makes the same amount of money on investments as workers at FAANGs who don't diversify? Oh, and it must be insider trading to get such returns on big companies that many other people make a lot of money on? And you are going to convince me that Nancy Pelosi saw that the current AI boom/bubble was going to happen before anyone else because of her role in congress?
I get it, you hate Democrats. But stop making sh*t up when its obvious your stories are bunk.
https://www.quiverquant.com/congresstrading/politician/Nancy...
Your probably also believe Hillary Clinton is a pro futures trader... https://en.wikipedia.org/wiki/Hillary_Clinton_cattle_futures...
"...One analysis performed by Auburn University and published in the Journal of Economics and Finance claimed to find that the odds of a return as large as Clinton obtained during the period in question were about one in 31 trillion..."