Well, here is another entry for the "elected officials aren't like the rest of us" diary. A group of researchers have published a paper (see it here) that contains their findings regarding the trading of common stocks by members of the House of Representatives. Guess what they found (OK, you don't have to guess!). Their findings are:
Overall we find that the common stocks purchased by Members of the U.S. House of Representatives earn statistically significant positive abnormal returns. Our results indicate that Representatives, like Senators, also trade with a substantial information advantage.
Is it too late to file to run for something?
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