It's a good thing Congress doesn't just care about their opinions then.

_verandaguy 14 hours ago | parent | next [-]

In what world is the modern US Congress a good regulator of these kinds of things? Half the people in the Capitol have a literal vested interest in the very companies they claim to be trying to keep on a leash (and I recognize that some of these are inverse instruments, my point still stands).

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ImPostingOnHN 11 hours ago | parent [-]

what's the alternative?

no regulation?

regulation without representation?

	▲	_verandaguy 11 hours ago \| parent [-]
		Public service, especially at the highest levels, is both a realization of civic responsibility, as well as an immense material privilege. If you've had a career in congress, parliament, whatever, you can live comfortably off of the various media appearances you're likely to have for much of the rest of your life. Representatives in government should be able to keep it in their pants when it comes to investments at least while they're in government, and have a thick, thick wall between their jobs running a country (or state, or whatever) and the management of their investments. Blind trusts should be the bare minimum. What I'd prefer to see is that while actively sitting in government, representatives must keep their savings invested in funds so diversified into low-risk instruments that almost no regulation can benefit them significantly more than it would an average passive investor.

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notenchange 14 hours ago | parent | prev [-]

My money is on the congress members - including the greatest stock trader of all times, Nancy Pelosi - having just sold their NVIDIA shares right before the spying was uncovered.

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ImPostingOnHN 9 hours ago | parent [-]

Let's see if this is true... Nope. [0]

However it is looking like his fellow philanderer donald knew and kept it under wraps for personal gain.

0 – https://www.quiverquant.com/congresstrading/politician/Nancy...

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cowlevel 7 hours ago | parent | next [-]

They're both terrible

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notenchange 9 hours ago | parent | prev [-]

This link you posted, doesn’t work like you think it does - well, except on the part where she is shown to be beating the market by double digits every single year for the past decades.

She is up 934% since 2014. This congresswoman is the greatest financial genius in the all history of mankind. She was beating S&P steadily, every year and since 2014 she is up more than 600% compared to the S&P.

For context, the probable next best investor - after all these great financial minds in congress - is Warren Buffet, and he is actually down 34.8% compared to the S&P since 2014.

You will only know that Nancy Pelosi was up to since the beginning of October next January. Congress members only have to submit their trades (their SEC fillings) every 3 months. [1]

[1] https://www.online-tech-tips.com/track-congressional-stock-t...

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ImPostingOnHN 7 hours ago | parent [-]

This link I posted, doesn’t work like you think it does. It shows trades which happened. It shows trades as recently as November 6th, which is after the end of the prior quarter.

It doesn't, however, show sales of nvidia stock prior to this release. Thus no such sales happened, unless you have any further evidence.

It is, however, looking like JH's fellow philanderer donald knew, and kept it under wraps for personal gain. Probably insider trading. I mean, just look at how much donald and his family's wealth has increased compared to the S&P500, or Warren Buffett.

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notenchange 7 hours ago | parent [-]

No, it doesn't. You are either being purposefully obtuse in the argument, or now trying to go after the tail of it.

Congress members are not mandated to fill a trade as it happens. If Nancy Pelosi latest filling day was Nov 6 (as you are pointing out), it means that she is only forced to show trades up to 30 days before (and that is mostly what she does as her median filling delay is of 24 days).

Also, as you are so keen to bring Trump into the discussion for some reason. I must sadly tell you that the chap is only 4.4% up compared to S&P during all his history as a member of the government/representative. The guy is not nearly the same financial genius as Nacy Pelosy.

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ImPostingOnHN 7 hours ago | parent [-]

The thing you're missing is, the evidence doesn't have to meet your standards. It just has to be better than the nothing which you've put forward in the opposite. And it is! Pretty much anything beats nothing.

So now, the onus is on you to convincingly back up the allegations you're making regarding sales of nvidia stock, and you haven't. If you have some sort of evidence that Nancy made the trade alleged, and is delaying reporting, whether allowed or not, please share it.

The evidence is, however, looking like JH's fellow philanderer donald knew, and kept it under wraps, probably insider trading for personal gain.

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notenchange 7 hours ago | parent [-]

I already proved that by pointing you to the numbers in your own link, that show that Nacy Pelosi is up 934% in her stock market trades since 2014, beating the S&P 500 by more than 600% in the same period.

	▲	ImPostingOnHN 6 hours ago \| parent [-]
		The allegation isn't that she made money. After all, donald has made billions on the presidency in just a couple years, nearly doubling his wealth. The allegation is that she sold nvidia stock right before this happened. Is there any evidence for this?