A recent study found that some of our nation's most savvy investors are United States Senators. Now, I've always been of the opinion that United States Senators are some of the more intelligent citizens of this here nation, but I've never considered them to be particulars astute investors. So, needless to say, I was more than a bit surprised by the results of the study.
Now, there are two ways one can interpret the results of this study. First (and more patriotic), one could surmise that Senators, who are usually briefed daily on the current status of this nation and the world in general, simply know more about the current events that influence stock prices, and therefore gain their performance advantage fairly. Bush administration officials, please note: I have advanced an innocent explanation for this. Please don't put me on your enemies list. Second (and lest patriotic), one could surmise that Senators, who are in daily contact with the members of the capitalist uber-class, including CEOs and directors who are (1) in possession of insider information and (2) interested in gaining favor with people like United States Senators, are privy to information that the rest of us don't have, and are leveraging this information to make themselves a boatload of cash.
I'm interested in hearing your reactions, which will either prove that (1) I'm a cynical SOB who believes the worst about people, or (2) that I'm a realist in a world that makes cynics of us all through bitter experience.