Craig Holman on Congressional Investment Returns
on Tuesday, September 2, 2014Craig Holman Money Quotation suggesting members of congress could be getting higher returns on investments due to insider information from corporate lobbyists. Craig Holman said:
“Congressional stock holders have a greater return on investment than the average American, Either they are geniuses on the stock market or they know something that we don’t. I suspect the latter” — Craig Holman
In this quote, Craig Holman is raising questions about congressional members’ stock trading performance compared to average investors. He notes that congressmembers seem to get higher returns than most, which could either be because they are extremely skilled stock pickers, or more likely because “they know something that we don’t” – implying they may have access to insider information not available to the public that helps them make profitable trades.
By saying he “suspects the latter”, Holman is suggesting congressional stock trading raises ethics concerns, as members of Congress could potentially benefit financially from insider knowledge gained through their legislative and oversight roles. The overall interpretation is that the quote is casting doubt on whether congressional stock performance is truly legitimate or hints at possible insider trading.