Political Quotes

“There is an iron rule of investing: unless you are Warren Buffet or have access to insider information, you won't make money trying to outsmart the market. Invest in mutual funds and index funds to build your wealth. And yet, according to a recent New York Times article, Members of Congress are not only buying and selling a lot of individual stocks, but we consistently outperform the market. I don't see Warren Buffet here nor do I see a lot of people with long track records of successful stock picking before they came to Congress, but I do see a lot of people with access to a lot of inside information, who know when we are about to change our defense contracts or invest in domestic semiconductor capacity, update our antitrust laws, or buy vaccines, and have the ability to trade on that inside information. Our responsibilities as Members of Congress are a trust from the voters. Ethics matters. That is why I don't personally own or trade individual stocks, and I encourage every Member of Congress to stop trading stocks immediately. Even the appearance of impropriety by one Member cheapens us all. That is why I am a proud cosponsor of the Ban Conflicted Trading Act, which would bar Members of Congress and senior congressional staff from buying or selling individual stocks and other investments and from serving on any corporate boards while in office. We owe it to the American people to pass that bill and sign it into law. ____________________”