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As promised #1531875

The S&P 500 has delivered roughly 13% annualized returns over the past decade -- one of the strongest bull runs in history. Warren Buffett's Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), the gold standard for patient capital, managed about 12% annually in the same stretch. Impressive numbers for mere mortals. Yet both look like amateur hour next to the woman who just stepped away from Congress: Nancy Pelosi.

"According to The New York Post, Pelosi's record during her 37-year tenure in Congress served up cumulative returns of 16,930% compared to just 2,300% by the index. That's not just beating the market; that's thrashing it.""According to The New York Post, Pelosi's record during her 37-year tenure in Congress served up cumulative returns of 16,930% compared to just 2,300% by the index. That's not just beating the market; that's thrashing it."

She's amazing. Forget about the Norwegian wealth fund #1530957 -- let's have Nancy For All accounts!!

How come the Pelosis are so rich??How come the Pelosis are so rich??

The official line is Pelosi's husband is simply a savvy venture guy with a great feel for tech cycles. The skeptical take says when your spouse helps write the rules for semiconductors, cloud computing, and electric vehicles, you get a peek at tomorrow's newspaper today.
Paul Pelosi didn't invent momentum investing, but he perfected the "buy just before Congress regulates or funds it" variation. Early heavy bets on Apple, Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), and Netflix (NASDAQ:NFLX) were already legendary. Then came the pivot that turned heads: massive call option purchases in Nvidia (NASDAQ:NVDA) in 2022 and 2023 -- right as the AI boom ignited.
It also occurred just as Congress was debating hundreds of billions in chip subsidies via the CHIPS Act. Coincidence? Timing on Tesla (NASDAQ:TSLA) calls before EV tax-credit expansions and Microsoft (NASDAQ:MSFT) before giant Azure contracts with the government followed the same pattern.

Grok did say she also had royalties and book sales and speaking engagements. Could just be a fluke, eh?

Surveying some SSRN and Google Scholar on the topic, there doesn't seem to be much basis for this common belief that Nancy uses privileged information to outperform. She might just genuinely be better than Warren Buffett.

when your spouse helps write the rules for semiconductors, cloud computing, and electric vehicles, you get a peek at tomorrow's newspaper today.

What about the obvious flip side to this? When your husband is heavily investing in certain areas that you regulate, you can choose to do so in the way that enriches your household.

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surely not. She's a public servant... that would be private interest

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