The [The Wall Street Journal](https://www.linkedin.com/company/the-wall-street-journal/) has been reporting on the conflict of interest concerns about politicians trading on advanced knowledge of material insider information (article link below).

I did my own analysis of Nancy Pelosi’s data and found that:

1. Her performance beat the S&P benchmark by 4%: not too shabby, most professionals can’t do that consistently

2. Proprietary Disposition Effect (‘selling winners too soon, losers too late’) analysis suggests active management errors reducing her performance (“negative behavioral alpha”); performance delta is rather small relative to others I’ve analyzed

3. Larger drawdown than S&P: makes sense given portfolio holdings

WSJ article: [https://www.wsj.com/articles/ethics-watchdog-group-seeks-probes-into-oversight-of-officials-stock-trading-conflicts-11669125396?mod=hp_lead_pos2](https://www.wsj.com/articles/ethics-watchdog-group-seeks-probes-into-oversight-of-officials-stock-trading-conflicts-11669125396?mod=hp_lead_pos2)

Data source: [https://housestockwatcher.com/api](https://housestockwatcher.com/api)

Analytics: [https://www.profofwallstreet.com/](https://www.profofwallstreet.com/)
![Image upload](https://cdn.commonstock.com/2fe266817eacc2889e2d8216fb17b815efc48463cb573c35a3a856ad7f822690-562x139.png)

![Image upload](https://cdn.commonstock.com/a5dd71247ea75ac091aa012a494a7f6c695b77532be57cef3c18806e7423ebe2-959x599.png)


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A really interesting article Amos thanks for sharing. Regulation is the common factor that has an influence all sectors so I am not surprised to see individuals who have a certain level or insider/privileged information gain from this foresight.

Joey Hirendernath

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The Campaign Legal Center has filed complaints with federal agencies following a WSJ series. 

https://www.wsj.com/articles/ethics-watchdog-group-seeks-probes-into-oversight-of-officials-stock-trading-conflicts-11669125396?mod=hp_lead_pos2