‘Wolf of Wall Street’ J. Belfort shares his take on Nancy Pelosi’s stock bets
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Jordan Belfort, the former stockbroker known as the “Wolf of Wall Street,” recently shared his opinions on the stock market activities of several U.S. politicians. He opined that Representative Nancy Pelosi, former Speaker of Congress, must be trading using non-public information when asked if he believes she is a stock-picking genius in a December 29, 2023 interview with Tucker Carlson on X. According to Belfort, this fact makes the Representative a criminal. Still, he stated that he believes that in the current climate, people in power, especially the members of the Democratic party, are allowed to operate with impunity and that the media is largely silent on the issue. Nancy Pelosi has been under great scrutiny for years due to what appears to be an uncanny ability to make lucrative and well-timed trades that many consider to be an indicator that she is operating using information available only due to her position in the U.S. government. Indeed, by the start of December 2023, the investments, managed by the Representative’s husband – Paul Pelosi – outperformed the S&P 500 index 2.5 times when it comes to returns. Pelosi’s portfolio, as examined by Finbold, recorded significant gains throughout 2023. Most of the Representative’s major investments – including those in companies like Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Nvidia (NASDAQ: NVDA) performed extremely well last year. This trend for success is further corroborated by the performance of a bot designed by the alternative trading platform Quiver Quantitative, which copies Pelosi’s investments and has been up as much as 48% in a year, per the data collected on December 18, 2023. Suspicious trades rampant among U.S. officials While Nancy Pelosi is the most famous successful trader among elected officials, she is far from the only one. Throughout 2023, there have…
Filed under: News - @ January 2, 2024 10:12 am