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fevereiro 27, 2004


Insider Trading II


Via Mises Economics Blog, a notícia de um estudo sobre a performance das carteiras de títulos dos senadores americanos (meus destaques):
"US senators' personal stock portfolios outperformed the market by an average of 12 per cent a year in the five years to 1998, according to a new study.

«The results clearly support the notion that members of the Senate trade with a substantial informational advantage over ordinary investors,» says the author of the report, Professor Alan Ziobrowski of the Robinson College of Business at Georgia State University.

«The results suggest that senators knew when to buy their common stocks and when to sell.»

There was no difference in performance between Democrats and Republicans."

Acesso a informação "privilegiada"? Já comentei, neste blog, sobre a ineficácia das leis de proibição de insider trading. Aos que não tiveram a oportunidade de ler o anterior post podem faze-lo agora!