“Captain Gains”: How Congressional Leaders Outperform the Market by 47%
the staff of the Ridgewood blog
Wall Street NY, a bombshell new working paper titled “Captain Gains” on Capitol Hill is sending shockwaves through Washington and Wall Street alike. Authored by economists Shang-Jin Wei and Yifan Zhou, the study reveals a staggering “leadership premium” in the stock market—one that only activates once a lawmaker ascends to a position of power.
