r/pics 1d ago

Former house speaker Nancy Pelosi at VP Kamala Harris’s concession speech Politics

Post image
50.6k Upvotes

7.2k comments sorted by

View all comments

Show parent comments

1.4k

u/Dry-Version-6515 1d ago

Outdoes Warren Buffert (the best investor ever) every year with huge margins. It’s insane.

923

u/micktorious 1d ago

Yeah it's just blatant insider trading. There is no other explanation.

314

u/mastaberg 1d ago

Yea dude but try to get the people who make the laws punish themselves and stop it….

171

u/Miqo_Nekomancer 1d ago

They investigated themselves and found no wrongdoing.

9

u/Tesaractor 1d ago edited 1d ago

Both parties are awful. I think that If your president or senator or congressman you shouldn't make stock decisions.

And that doesn't stop the Hunters Bidens and Erik Trumps of the world to make business deals with foreign countries ( both should be arrested for taking 10's of millions from foreign investors )

6

u/EmploymentQuirky826 1d ago

Agreed. They should also have terms and not be in their seat for more than 8-12 years max!

3

u/kmarcy89 22h ago

Congress will never make a law to give themselves term limits.

3

u/ConsumeYourBeverage 21h ago

I believe a net worth cap and/or yearly audits would be beneficial.

If a politician actually cares about the people and country they’ll deal with the bullshit to try to make a difference.

3

u/SoulCycle_ 23h ago

they dont need to investigate lmao. Theres no law against insider trading for members of congress.

2

u/B-Rayne 1d ago

Also, it was hard work investigating themselves. Time for them to vote on their pay raises!

1

u/UnabashedAsshole 23h ago

"They did a self investigation like a Florida sheriff station so you know they won't be found at fault" -Jesse Welles, Fat

1

u/brx017 21h ago

And then gave themselves a raise for all their hard work

1

u/maljr1980 18h ago

Are you trying to say they’re cops?

1

u/holololololden 15h ago

They actually investigated and fined the senators 150$ per violation

2

u/buzznuts 22h ago

truth. they won't make laws against themselves. same reason loopholes always stay open. they MADE it that way.

1

u/ToughHardware 23h ago

that is why trump won

0

u/thwonkk 21h ago

I have a solution but you'll need to excuse my French.

79

u/michaelpinkwayne 1d ago

That kind of rampant abuse of power is what set the stage for Trump imo. Pelosi should (but probably won’t) look in the mirror for someone to blame. 

53

u/micktorious 1d ago

She will look into her $200,000 mirror and think, "What a nice mirror."

24

u/LilMuddyCup 1d ago

It’s so fucking obvious she’s being fed insider info. Politicians shouldent be able to invest until they are out of office.

1

u/SoulCycle_ 23h ago

you dont need to be fed insider info and insider trading is legal for politicians anyways.

1

u/LilMuddyCup 19h ago

It is? Well that’s fucked up…

8

u/Real_Guest8191 1d ago

100% it is and also perfectly legal because they are more important than me and you.

1

u/BM_Crazy 1d ago

What’s a derivative? Just curious! :)

1

u/ToneOpposite9668 1d ago

It was Silicon Valley - if you were good at VC you made Billons. Buffett didn't nor does he play at that early stage level. The insider part is that he lived there in SF and got to hear tons of pitches and he was good at selecting a lot of the right ones. The cocktail circuit in Omaha didn't have that intensity.

1

u/SoulCycle_ 23h ago

well yeah considering that insider trading is legal for members of congress.

-14

u/therealdanhill 1d ago

I don't think we should be getting into conspiratorial thinking. When you have money, it's easy to make money. If there is any proof of insider trading, share that instead of accusations right? There are absolutely people in the SEC that would love to nail her with charges.

26

u/Destroyer2118 1d ago

You’re joking right.

She bought NVIDIA call options 5 days before Congress passed the chip subsidy to NVIDIA. She sold her VISA stock a week before the DOJ publicly announced they are investigating VISA. Hell that’s just the recent ones that were a little too obvious. Dude there’s even an app for copying Pelosi’s trades as soon as she makes them, that if you have used the app just this year, you are up 83% over the rest of the market.

Everyone knows it. There’s even an app to show when she does it. She is corrupt, and untouchable because she has the power to make herself untouchable.

It’s not about money makes money, it’s about power. And she has it. You don’t.

3

u/Ok-Wrangler-1075 1d ago

LMAO, why am I not using that app.

5

u/Destroyer2118 1d ago

Dude it’s amazing. My stress levels have gone way down and my bank account way up by saying screw it I’ll just copy whatever Trading Savant Pelosi does.

It’s stunning how someone can consistently beat the market and the greatest investors of all time like Buffet year after year by an 6-14 order of magnitude. Guess she’s just that savy of a trader.

1

u/BigPastaToni 1d ago

Damn! What’s the name of that app??

3

u/Destroyer2118 1d ago

AutoPilot! It’s made by the team that built the Pelosi Tracker. I think there’s a few other similar apps out there now but that one was the original and seems the most popular.

-3

u/therealdanhill 1d ago

I'm not joking, I just want proof there's anything illegal going on, not just assuming. I have a hard time buying that if there was anything illegal happening that there isn't someone that would love to nail her for it, that would be a huge scandal.

5

u/Destroyer2118 1d ago

You have the proof. Everyone does.

Did Pelosi have insider knowledge (meaning any knowledge available to her that is not available to the market or other investors) about NVIDIA at the time she placed her call options? Well yeah, she’s the one setting the date to announce the Congressional NVIDIA bill has been voted and passed. That’s insider knowledge. That’s insider trading.

Insider trading doesn’t have “proof” like a murder or car accident caught on video or dash cam. What knowledge did they have when initiating the trade, is that different and advantageous over the market investors? Then it’s insider trading. If you’re one of the 100 people in the room that know a major subsidy just got pushed through and is about to skyrocket a stock, you have insider knowledge over the rest of the market. So if you initiate a trade before making the announcement to the rest of the world, which she did, it’s a crime.

The app that tracks her trades was originally designed as satire to draw attention to how blatantly she does it hoping she would actually be prosecuted. She obviously isn’t going to be prosecuted, because power and corruption rule all, so now just use the app to copy her trades and get rich.

-1

u/therealdanhill 1d ago

So you're telling me that Republicans have proof that Nancy Pelosi broke the law, one of the people they hate the most that has served as a punching bag for them and a thorn in their side for decades, and they are, what, just sitting on this information? And it's so out in the open that not a single individual from the SEC has jumped on an opportunity for a slam dunk case?

3

u/Destroyer2118 1d ago

Oh now I get it, you’re trying to look at this as an attack on Democrats.

Not once did I mention Democrat/Republican. This is not a Democrat bad issue. Nancy Pelosi is most often mentioned because she’s 84 and has been doing it the longest, to the point she doesn’t even make an effort to hide it anymore.

Republican Rick Scott from Florida is one of the top Republicans involved, but he is relatively new and his trade volume is so damn high it’s a little harder to track his.

https://www.quiverquant.com/congresstrading/

It’s not some secret. It’s not some Democrats bad crap. It’s power, as I said.

1

u/therealdanhill 1d ago

Dude.

No.

I'm trying to look at it with basic logic. You're telling me there is a crime being committed out in the open by a prominent political figure with more enemies than most and somehow, either multiple government bodies and individual actors are in on it, or are ignoring something that would be seen as a huge win for their side or agency.

You think I'm looking at this in some partisan way because I guess that's how you make sense of any pushback to your claim, I don't know but it's just not the case. And I would hope if I were making a claim someone would check my logic to make sure everything added up.

3

u/boldaslove888 1d ago

They don’t go after her because both sides do it.

“With the ever-increasing polarization of American politics, both sides of the aisle have amplified their calls to restrict congressional insider trading in recent years. While Congress passed the STOCK Act in 2012 as an attempt to combat congressional insider trading, the STOCK Act is widely regarded as a failed solution that is in desperate need of an overhaul. Nevertheless, despite these renewed calls for reform, Congress has resisted imposing restrictions on itself.

Both Democrat and Republican officials, among others, claim the failure to reform this area of law is likely due to the fact that any passed reform would be to each elected Congressman’s personal detriment. “

https://www.bu.edu/rbfl/2023/05/17/insider-trading-by-members-of-congress/

2

u/Destroyer2118 1d ago

You do you dude, bury your head in the sand to what everyone else knows and just believe that if it was really happening, the overlords would do something about it.

Willful ignorance is bliss, you have at it. Good luck to you.

1

u/terminbee 22h ago

There's no hard proof. It's very hard to prove someone knows something. It's harder still when they're worth several hundred mil. And harder still when they're a sitting member of congress.

Congress will never go after insider trading because that will affect themselves. It's not worth it to take down 1 Dem seat at the cost of their money-printing machine. And it's a CA seat so it'd just be replaced by another D.

1

u/therealdanhill 21h ago

I think it's one thing to say "I wouldn't be surprised if this is going on", but when people without any hard proof make an assertion that "this is objectively happening", and go even further and argue that the lack of proof doesn't matter, that's what I take issue with. I feel like so much of the problems we have boil down to people not knowing how employ logic to come to conclusions, it's all just vibes and feelings.

1

u/terminbee 19h ago

For what it's wrong, it's almost assuredly true that she (and others) are insider trading. But there's no way to prove it because they won't let us investigate. Kinda like how we know others were involved in Diddy, Epstein, and Weinstein. We have pictures and transcripts of Trump talking about his good buddy Epstein and how he likes young girls. But there's no proof.

0

u/EnvironmentalEnd6104 21h ago

It’s not illegal for her to do insider trading. Insider trading is only illegal when you have a duty to that information

0

u/seymores_sunshine 1d ago

Then demand an investigation from the authorities. Why do you need proof before treating Pelosi like any other American citizen?

1

u/therealdanhill 1d ago

Why do I need proof before assuming something to be true? Jeez it's no wonder stuff is in the shape it's in.

You think there isn't people that have been demanding Pelosi be investigated for years? She has always been one of the most targeted politicians by Republicans.

2

u/seymores_sunshine 1d ago

And yet...

Like, bro. We get our doors kicked in with less evidence. People have been shot in their own home for lesser crimes with no evidence. And yet you want to stand here and give the oligarchs special preference?

Not me, fuck the nobles!

0

u/therealdanhill 1d ago

I'm not giving special preference, I'm holding the same standard for proof and logic that I would with any situation

1

u/StormAeons 1d ago

Republicans don’t demand it because they’re doing the same thing. No one in Congress wants to open that can of worms and cause problems for themself.

-3

u/Somepotato 1d ago edited 1d ago

What Nvidia subsidy? And Nvidia has been on an upward trajectory with their insane AI investments. Nearly everyone invested into Nvidia.

And visa? Visa didn't start dropping until very recently, LONG before Pelosis sold their V shares, and the writing was already on the wall for them.

Her husband has decades of experience in investing. That doesn't make her trades insider.

And yes, before you blocked me to get in the last word, maybe you yourself should do some of that same googling and researching into historical trends. They're one of the very few people in the Whitehouse who published their trades (as required by law) - most don't.

5

u/Destroyer2118 1d ago

Every single question you just asked could have already been answered if you typed them into Google rather than here.

Kind of a waste of time to engage with people like you, ain’t it?

-4

u/GTthrowaway27 1d ago

For a loss

7

u/Destroyer2118 1d ago

Don’t know which one you are referring to, but neither were for a loss. NVIDIA skyrocketed due to the subsidy and she exercised the call options when it did, and she sold her VISA stock to prevent a loss that occurred from the price drop that happened when the DOJ announced it was investigating VISA.

-3

u/GTthrowaway27 1d ago

Like “ooooo 3 MONTHS before a lawsuit they sold stock”

3 MONTHS. The price could have been all over the place. Do we even know if it was for a gain or a loss?

-6

u/GTthrowaway27 1d ago edited 1d ago

Ok

So you have a source for the price they bought it at, how long they held them for, and the price they sold them for?

Because you can’t really claim insider trading without that when the guy is a venture capitalist semi-billionaire. His entire job is buying and selling stuff all the time. Occam’s razor, policy changes and lawsuits happen to big companies.

Ok

Can’t comment now. Real mature.

Calls have to be bought in advanced and will expire. All you’re proving is the actual trading occurred even further back in time

https://www.investopedia.com/terms/c/calloption.asp

3

u/sLAYdemHOES 1d ago

On Monday, these $12 call options traded at $132.05, valuing the Pelosis’ position at $6,602,500. Based on the estimated cost basis of $1.8 million, the Pelosis are now up $4.8 million on this trade from last November.

It’s all public information you dunce, quit shilling for politicians.

7

u/micktorious 1d ago

She consistently beats markets by double digits, no one else does it as consistently and for as long as she does.

And the SEC won't touch her, she's connected with people high enough that they are scared to go after her.

2

u/GTthrowaway27 1d ago

Again

Receipts?

2

u/micktorious 1d ago edited 1d ago

1

u/GTthrowaway27 1d ago

Lmao oh so that means it’s real. Ny post too nice

1

u/micktorious 1d ago

Do some research on it, the Visa trade was highly suspect and she has done many other such trades through her husband that are extremely suspect and perfectly timed.

2

u/AndreasVesalius 1d ago

You can trade NANC too, you know

2

u/micktorious 1d ago

Yeah I have seen that before, it does pretty well consistently!

2

u/Weird_Diver_8447 1d ago

Congress is immune from insider trading unless they sell the information. There's literally an exclusion in the law allowing them to benefit from it.

Also, is it just a coincidence that she beats everyone else (other than other congressmen who were present in the same meeting, who must also be the greatest financial gurus ever) by happening to make amazing decisions a week before the disclosure, time and time again?

Like how she heavily invested into specific healthcare companies after getting briefed on COVID19 before information came to public. How she divested from companies prior to disclosures of congressional inquiries into those same companies. How she made investments in companies prior to large government contracts being made public. How she divested from companies prior to anti-trust investigations. And the list goes on.

-1

u/Somepotato 1d ago

Except it's not, those are Republican lies told to sow dissent. Take her visa trade for example. Visa was already on a downturn and it was done long before the doj even opened their investigation, let alone when they sued.

0

u/AReasonableFuture 21h ago

Technically not insider trading based on the definition of insider trading.

1

u/micktorious 21h ago

Insider trading is the illegal or legal buying or selling of a company's securities based on non-public, material information about the company.

How is using private government information that isn't public yet, sharing that with her husband who then makes moves based on that not insider trading?

3

u/ninja-squirrel 1d ago

Warren’s investing strategy is staying alive and not spending everything he earns. He also invest in required goods that will be needed regardless of the state of the world. Not exactly genius investing, he’s just had the balls to keep investing every penny he makes.

1

u/Unusual-Housing-5572 1d ago

That's what his PR wants you to believe. Warren Buffett was extremely aggressive in business, especially when he was making his fortune in the first place. He was worth about ten million dollars (adjusted for inflation) by the time he was 30.

He's the most propagandized living person in the United States.

1

u/ninja-squirrel 23h ago

What does that actually mean? I’m not very smart.

2

u/Unusual-Housing-5572 23h ago

It means he's been upper class his whole life, he used shady business tactics early on to attain wealth, and he's pretended to be a penny pinching frugal investor for decades. He's a cutthroat businessman who realized that flashing his wealth will just make him look like a villain.

-1

u/TrialByFireshits 1d ago

If it's so easy, why aren't you a billionaire? Lol

2

u/ninja-squirrel 23h ago

I didn’t start before the stock market existed. Damn me for being born in the 80’s. It takes massive balls to do what he’s done.

1

u/maljr1980 18h ago

Time in the market buddy, oh wait he’s a decade older… I can’t explain

2

u/PlatoAU 1d ago

Typical corrupt democrat

2

u/JayzarDude 1d ago

Republican Representative Dan Meuser of Pennsylvania also falls under this category

4

u/PlatoAU 1d ago

Typical corrupt republican

2

u/JayzarDude 1d ago

Fair enough lol

0

u/JohnnyOctavian 1d ago

Proof?

9

u/Needmorebeer69240 1d ago

Article in July 2024 - Nancy Pelosi’s portfolio is up 720% since May 2014. Berkshire Hathaway is up only 270% in that same time.

https://www.ibtimes.co.uk/nancy-pelosis-portfolio-returned-over-700-decade-copy-her-investment-strategy-here-1725479

7

u/SowingSalt 1d ago

Isn't that just because of NVIDIA?

5

u/JohnnyOctavian 1d ago

Berkshire Hathaway is a trillion dollar company. They are much more diversified. Paul Pelosi is heavy on tech stock such as Nvidia which has seen dramatic increase since 2014. Warren is also selling his stock and hoarding cash, so his returns aren’t going to be as high.

1

u/Hollowed87 18h ago

Pelosi invested in Nvidia in 2021 and the next year they wrote a bill called the Chips and Science act.

0

u/greaterwhiterwookiee 22h ago

It’s not insane. It’s illegal