Senators’ Stocks Beat the Market by 12 Percent
Lead: "US senators' personal stock portfolios outperformed the market by an average of 12 per cent a year in the five years to 1998, according to a new study. 'The results clearly support the notion that members of the Senate trade with a substantial informational advantage over ordinary investors,' says the author of the report, Professor Alan Ziobrowski of the Robinson College of Business at Georgia State University."
By FT.COM, New York Times, February 24, 2004.
This says something about control of knowledge, and the misuse of knowledge that might be used for development. (I am pretty sure it doesn't say that Senators are smarter than other investors.)
Thursday, February 26, 2004
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