Barron’s – The Holy Grail of investing has been found: get elected to the U.S. Congress.
According to an academic study published Wednesday in the journal “Business and Politics,” members of the House of Representatives outperform the average stock-market investor by 55 basis points a month, or 0.55 percentage points, according to the Washington Times, which brought it to my attention. Extrapolated over a full year, that figures to an extra 6.8% per annum after compounding — better than hedge-fund superstars.
