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A comment on DARPA Moves Forward on X-65: Plane with no moving control surfaces. Parent comment

Re:DARPA Moves Forward on X-65: Plane with no moving control... by ceejayoz on Tuesday January 09, 2024 @09:03AM (#38926280)
She and her VC husband bet on Nvidia - in restrospect, a good call. Congress has its winners and losers like the rest of the economy.

https://nypost.com/2024/01/04/business/nancy-pelosis-2023-tr...

> The Unusual Whales report also notes that of 100 stock-trading members of Congress, a third beat the S&P with their portfolios.

> Last year, the average Democrat nabbed returns of 31% – well ahead of the average Republican’s 18%. Unusual Whales notes Democrats are more invested in tech stocks – which surged in 2023 – while Republicans are more exposed to the banking and oil sectors.

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Re:DARPA Moves Forward on X-65: Plane with no moving control... by throw1234651234 on Tuesday January 09, 2024 @09:08AM (#38926326)
Again, I am genuinely not into politics, but to me the idea that she doesn't trade on insider information is absolutely laughable.
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Re:DARPA Moves Forward on X-65: Plane with no moving control... by ceejayoz on Tuesday January 09, 2024 @09:15AM (#38926406)
I'm all for a ban in Congressional stock trading, but the idea that she needs to risk that with an already-wealthy VC husband with plenty of his own insider access seems similarly laughable. (Headlines also tend to call it her wealth, which seems pretty misleading.)

In 2022, their return was -19.8%. 2023 saw the market up enormously, and as my link indicates, Dems in Congress have been benefiting from a focus on tech stocks like Nvidia across the board.

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Re:DARPA Moves Forward on X-65: Plane with no moving control... by throw1234651234 on Tuesday January 09, 2024 @09:20AM (#38926454)
I am more inclined to take that as an argument for "most of Congress" insider trades rather than "Nancy doesn't". I will leave that here though, long political argument ahead if we keep going. Agreeing to disagree. Also, thank you for the link, these stats definitely give a more balanced view.
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Re:DARPA Moves Forward on X-65: Plane with no moving control... by ceejayoz on Tuesday January 09, 2024 @09:34AM (#38926621)
> I am more inclined to take that as an argument for "most of Congress" insider trades rather than "Nancy doesn't".

1/3 beat the market; that means 2/3 did not. Right?

In a population of random idiots, you'd probably expect a certain amount to beat the market, a certain amount to match it, and a certain amount to flub.

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