2005/11/03

Your Senator / Your Investment Advisor (Updated)

A first-of-its-kind study covering politicians as investors, conducted by professor Alan Ziobrowski of Georgia State, took a systematic look at the stock transactions of U.S. senators between 1993 and 1998. Know what they found? Senators beat the market by 12% annually. That's huge! the New Yorker article where this was reported noted that mutual-fund managers are considered geniuses is they beat the market by 2 to 3 percent annually.

Time to enlist a senator to give you stock tips. I want Bill Frist... if he doesn't end up in jail, that is.

AGITPROP's Blogenfreude and I apparently read the same magazines. Here's his excellent post on the topic.

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