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Senators beat market by 12%
Corporate insiders beat the market by 5%
Typical US Household underperformed the market by 1.45%
“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.
From the Financial Times….
Ignacio Ferrando Margelm shares a stunning Quicktime VR scene from a recent ice climbing expedition (I don’t know where this was shot)
He shared this note: “The wheather was fine to do this (max temperature -8:C) but not for my foot fingers…. I wait 2 hours in place and lost some sensibility…”
“Say what you want about Bernie Sanders, but he?is using the Web correctly.? He has a great Web site dedicated to drug price reform.? Here is a comparison between US and Canadian prices on 50 commonly used drugs.? The upshot of a study his team put together is:”
… that the average prices that senior citizens in Vermont must pay are 81% higher than the average prices that Canadian consumers must pay and 112% higher than the average prices that Mexican consumers must pay.
From John Robb