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by astrange 1391 days ago
It's unrelated, Nancy Pelosi doesn't even profit off her stock sales. Her broker is just churning her account to look busy.

https://twitter.com/quantian1/status/1476589270454390787

Similarly Rand Paul, if he tried to insider trade, lost money too.

https://twitter.com/quantian1/status/1425981488408010756

Remember, most of the time, the boring normal story is the accurate one.

2 comments

What are you talking about? You don't need to profit to insider trade. Losing 5% is a lot different than losing 50%.
What's the point if you underperform the benchmark?

This is just another form of reporting an executive "suddenly sold a bunch of stock" (when they filed a 10b5-1 plan about it months ago).

Losing 5% this year puts you ahead of the S&P500 :D
Cheaters can be incompetent. I find the timing of trades of stocks closely related to what congress was voting more compelling than the under performance. Maybe you are right, but either way, the incentive should not exist at all - lawmakers having access to the markets while in office should be a blight of shame on a nation.
https://www.youtube.com/watch?v=OuNPbqsoDus

That body language is pretty damning