According to his excellent book Throw Them All Out by Peter Schweizer, a study was made in the Journal of Fiancial and Quantitiative Analysis (I bet that was some interesting reading!) by his students about our "esteemed" US Senators:
* The average investor underperforms the market. (That would be the likes of...me.)
* The averge corporate insider, trading his own company's stock, beats the market by 7% a year. (Of course, this type of action could send one to prison.)
* The average hedge fund beats the marketby between 7% and 8% a year. (Except for mine!)
* The average US senator beats the market by 12% per year !
Now, is there anybody out there that really believes those miscreants are that much smarter than the rest of us, or could they be enriching and gorging themselves off the information they are privy to while deciding the laws that our governing the rest of us?
ANNOUNCEMENT - THE FLOGGINGS RETURN
After a long hiatus from updating this blog, due to the publishing and marketing of my debut novel entitled Whipping Post (published by Weaving Dreams Publishing), and then moving, it is time for the floggings to return. In addition to my opinions, of particular note will be regular postings of "GET THIS..." in which I hope to inform and regale readers of some of the most absurd and sordid events going on around us. Enjoy and check back for a flogging often.
Sunday, November 27, 2011
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