Tucker Carlson is swinging for the fences with some of his recent interviews, bringing on highly interesting individuals to talk about a wide array of pressing issues in America. Particularly, he’s focused on what the regime is up to and has brought on people who aren’t traditionally part of the political debate to discuss those issues. Among them was Jordan Belfort, the “Wolf of Wall Street,” who Tucker brought on to talk, in part, about Congressional stock trading.
Belfort, talking to Tucker about the issue, argued that it is crazy that Congress is able to get away with what it does when it comes to trading stocks, as some of the top Congressional stock traders look like they’re using insider information with impunity to make money in the stock market. He used Congresswoman Nancy Pelosi as an example.
Speaking on the matter, Belfort began by pointing at Nancy Pelosi as an example of the stock trading issue, saying, “It’s like we’re living in an alternative universe right now where people in power, especially on the Left — right — can operate almost with impunity, and Pelosi is a perfect example. She’s not the only one.”
Continuing, he argued that no one could get such consistent, high returns as some of the Congressional stock traders without an “edge,” saying, “But it’s inconceivable that someone could have that high return on the market when everyone else can’t do it. So what’s the edge?”
Explaining what he thinks that “edge” in markets is, Belfort pointed to legislators knowing about key pieces of upcoming legislation and being able to use it to profit in markets, saying, “The edge is she knows key legislation — and also, you know, maybe someone’s whispering in her ear. Okay? Because, you know, they want to be on her good side, right? So, it’s hard to prove, though.”
Tucker, jumping in, pointed out that it is unlikely hat members of Congress, hardly the sharpest tools in the shed, would be somehow able to beat the returns of professional investors, saying, “So if what you’re saying is true, and that is that the most sophisticated people in the world can’t beat the S&P average, then any member of Congress — and I think they are on average dumber than the population.”
Agreeing with Tucker’s assessment of the likely intelligence and expected returns of members of Congress, Belfort interjected, “Especially the career politicians,” to which Tucker responded by saying, “Especially the career politicians.”
Belfort then went on to argue that members of Congress would not be able to get such returns on intelligence or intuition alone and that what he perceives to be obvious corruption means they should not be allowed to trade stocks. He said, “No, it’s not possible. But again — so how do you go proving that right? They have to issue subpoenas. And listen, I think that in this case they shouldn’t be allowed to trade, these people. They should not be allowed to trade. It’s insane that they’re allowed to.”
Reiterating the point that most professionals don’t even beat the index, making the wild outperformance of some congressional stock traders all the more suspicious, he said, “You know, if it looks like shit, smells like shit. Well, guess what? It’s shit — and that’s — well, it’s bullshit in this case. So listen. She’s done incredibly well, in an area where like the most professional investors struggle to even match the index. So somehow she’s doing three times as well? I don’t know.”
Watch Belfort and Tucker here:
Featured image credit: screengrab from the embedded video
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