Riddle me this, how does one achieve 69% annualized returns?
Those who are familiar with trading and investing know that a 20% ROI is incredible, and during his heyday legendary investor Warren Buffett averaged returns of over 30%.
Today that return is far closer to 20%, and Buffett is far and wide considered the greatest investor of all time.
So my question is this: how does a sitting member of Congress beat out Warren Buffett’s ROI by almost a 4x margin?
Nancy Pelosi is reportedly averaging a 69% annualized rate of return on her investments, and the Twitter page which tracks her alleged insider trading has been hit with a cease and desist order.
I have said it before, and I will say it again: if it is a crime to expose criminal acts then you are ruled by criminals.
Everyone knows that 69% annualized returns don’t just happen due to sharper fundamental, technical, and sentimental analysis skills.
You can mull over balance sheets and quarterly reports all day, you can trade the forex market on 1000x leverage, you can do whatever you want, and I promise that in the end you won’t have a 69% annualized return on your investments.
Unless of course you have insider information…..
That being said, I encourage everyone to check out Pelosi’s portfolio tracker on Twitter….
Here’s what we could dig up on her alleged insider trading:
https://twitter.com/NancyTracker/status/1450157872311062537?t=xhwAV8kioFhtldVg7YzHiw&s=19
Glenn Greenwald didn’t miss the opportunity to point out her investment activity:
And ever since ascending to the top spot in the House, Pelosi and her husband, Paul, keep getting richer and richer. Much of their added wealth is due to extremely lucrative and “lucky” decisions about when to buy and sell stocks and options in the very industries and companies over which Pelosi, as House Speaker, exercises enormous and direct influence.
The sector in which the Pelosis most frequently buy and sell stocks is, by far, the Silicon Valley tech industry. Close to 75% of the Pelosis’ stock trading over the last two years has been in Big Tech: more than $33 million worth of trading.
https://twitter.com/NancyTracker/status/1450450845645086732
https://twitter.com/NancyTracker/status/1450455792826597379
Markets Insider explains:
The trade was highly controversial. That’s because it came just before the House Judiciary Committee voted on antitrust regulation, which ultimately wasn’t seen as a big threat to the tech titans.
Spokespeople for Speaker Pelosi told media outlets at the time that she had no knowledge of the purchases and that she owns no stock herself. Insider contacted Pelosi’s office but received no reply.
Although she didn’t break any rules, the trades were seen as fishy by many, and two memes based around Pelosi quickly sprung up.
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