How to Go to Congress and Become a Millionaire

John Ransom

Ever wonder how people go to Congress and become millionaires?

A new academic report clears it up for us.

A report from four scholars, Alan J Ziobrowski; James W Boyd, Ping Cheng; and Brigitte J. Ziobrowski, titled Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives, shows that between 1985 and 2001 members of Congress enjoyed a considerable advantage over members of the public in their investment returns.

The article was published by Berkeley Electronic Press and is a follow up to a similar study done on investments by US Senators. http://www.bepress.com/bap/vol13/iss1/art4/

“A previous study suggests that U.S. Senators trade common stock with a substantial informational advantage compared to ordinary investors and even corporate insiders,â€