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Source link: http://blog.mises.org/1629/senators-stocks-beat-the-market/

Senators’ Stocks Beat the Market

February 27, 2004 by

Here is an article from the Financial Times website, reporting on a forthcoming article in the Journal of Financial and Quantitative Analysis . It finds that Senators’ portfolios outperformed the market over time, which suggests they trade on inside information–very timely, given the whole Martha fiasco.

{ 1 comment }

Roger Arnold February 28, 2004 at 8:18 am

Ziobrowski admits to being “very surprised” by his findings. This is probably the most troubling and I suspect disingenuous statement in the article. Did he think he was going to prove differently when he set out to measure the level of graft, corruption and personal greed in Washington by politicians? Or has he now realized he opened a box he should have left closed; considering he is an employee of a state public institution which accepts federal money.

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