Former Speaker of the House and Uber-Stock Trader Nancy Pelosi Retires
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Both Adam and Jeff retrieved their Nancy Pelosi t-shirts to honor her legacy as both the first female Speaker of the House and one of the foremost stock traders of all time. Adam pointed out that Mrs. Pelosi had begun her political career in 1987 with about $700,000 in stocks and bonds, most of which were jointly-owned with her husband, Paul. By the time she announced her retirement earlier this year, the value of her portfolio had increased more than 160-fold to over $130 million. Jeff and Adam applauded her stock picking prowess, noting that she had lapped the returns chalked up by that also-ran investor, Warren Buffet, by about 400 percent. Experts have wondered what sort of stock picking strategy she might have used with some malcontents suggesting that she may have had access to inside information in pending Congressional legislation before it was made public to assist in her selections. However, Jeff and Adam think this may be just a lot of sour grapes and that Mrs. Pelosi was very lucky and had access to a truly first-rate ouija board that they would both like to borrow. As far as Mrs. Pelosi's legacy as Speaker of the House is concerned, Jeff points out that she did lead efforts to impeach President Donald Trump on a weekly basis and offered several memorable quotes including the gem that "you have to first pass the bill to know what is in it."