Nov. 7th, 2005

Harper's has published a history of the Iraq war in lies. All text verbatim from senior Bush administration officials and advisers.

http://harpers.org/RevisionThing.html

Sources and footnotes for all these would make it even better still. Perhaps that version will appear eventually too.
Statistical evidence would seem to indicate this is the case. According to an article in the Oct 31. New Yorker magazine, the average senator beat the market by 12% in the period from 1993 to 1998. Mutual fund managers who beat the market by 3-4% are considered exceptional. Mutual fund managers are, of course, mostly investing on a much larger scale, and the time period under consideration was, as I recall it, a fairly successful one. The article notes:


They did an especially good job of picking up stocks at just the right time; their buys were typically flat before they bought them, but beat the market by 30%, on average, in the year after. By these standards, Frist actually looks like a bit of a piker.


I think we should all be in awe of their genius. The notion that they're all involved in insider trading is just too gloomy to contemplate.

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