Leaders in Congress outperform rank-and-file lawmakers on stock trades by up to 47% a year
Stocks held by members of Congress have been beating the S&P 500 lately, but there’s a subset of lawmakers who crush their peers: leadership. According to a recent working paper for the National Bureau of Economic Research, congressional leaders outperform back benchers by up to 47% a year. Shang-Jin Wei from Columbia University and Columbia … Read more