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A comment on Senator dumped up to $1.6M of stock after reassuring public on Covid-19.

Re:Senator dumped up to $1.6M of stock after reassuring publ... by true_religion on Thursday March 19, 2020 @08:58PM (#22633474)
Just because he reports factual information about the market, does not mean he has to believe those facts or even act upon them. Actors are allowed to be irrational.

Furthermore, even were he to believe in the long term market prospects, doesn’t mean that he has to continue taking the risk in the short term. It’s okay to diversify your portfolio in a time of crisis, even if you have no current knowledge that things will change for the worse. For all you know, things will change for the better and you would miss out on gains because one company you were not investing in did better than predicted.

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by quantified on Friday March 20, 2020 @12:25AM (#22634871)
As chair of the Senate Intelligence Committee, he had and has plenty of current knowledge. He reports actual facts to donors/supporters and counter-facts to the public. About what we all would expect from him.
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