Politicians > Hedge Funds
Grift Is the "New Normal"
Sometimes, I feel like I’m too hard on Nance. Or maybe I’m just jealous of how good of a trader she is. The reality, though, is that if what I’m feeling is the latter, I should really be more envious of Republicans like Austin Scott, Brian Mast, and French Hill. These are the real stone cold killers when it comes to beating the market.
I guess what bothers me about Nance, though, is that she likes to position herself as one of the “good guys”, a Democrat who’s here for the people. When you think about someone like Republican Dan Crenshaw, who traded just about as well as Nance, he doesn’t even pretend to be here for the people. I mean, look at this motherfucker; he even dresses like a pirate.
Get that booty, Dan.
But don’t worry, everyone. Democratic Senator Jon Ossoff is on it; he’s set to introduce a bill barring members of Congress from trading individual stocks. I’m sure that bill will go far. LOL. This, ladies and gentlemen, is performance art.
So, yes, back in July, I wrote a piece in which I recommended that you join the U.S. Congress if you wanted to be a better trader. I stand by this recommendation, as only three hedge funds on the list below beat the S&P 500 in 2021, yet 35 Congressmen and Congresswomen beat it.
(And what’s even funnier than that is that you could have just bought $BTC or $ETH on Jan. 1, 2021 of last year and you would have outperformed most hedge funds, though, maybe not certain members of Congress.)
Now, I don’t see Paul Pelosi’s (Nance’s husband) hedge fund, Financial Leasing Services, on this list. I can only imagine it had some pretty decent returns given how much juicy insider info Nance was likely siphoning off to him. Whoops! There I go being too hard on Nance again.
Oh, you’re outraged by all of this? C’mon now; don’t waste your energy being mad. This is the “new normal”. We’re far past the days of Jimmy Carter putting his peanut farm into a blind trust while he was president. We’re dead smack in the middle of the days where, if you want to beat the market, your best bet is to run for office. So, don’t get mad; get busy. Pull it together, and start making plans to run for Congress so that you, too, can rake in those big gains. Take your rightful place amongst these shameless grifters.
Best,
Frank
Twitter: @frankcorva
P.S., One of the reasons I still have something of a soft spot in my heart for the likes of Bernie and AOC isn’t so much because of their commie ideals, but more so because they don’t tend to end up on graphs like the one above. They seem relatively far less corrupt than their peers.
