AND THE PAPER IS ...
NEVER PUT TOO POLITICAL CAPITAL IN THE HAND. While the physical and financial capital can be eroded if you use too much and hurt, the capital of "political" is increased if you use it and uses it well. But what do the politicians of their financial capital? It is not farfetched a question, because in countries like the U.S. mid-term policy for 30 percent of GDP. And in Europe, 50 per cent. It is assumed that allocation to do so with the same shrewdness with which The good father spends the activity in the nucleus. Andrew Eggers and Jens Hainmueller Yale University, Massachusetts Institute of Technology have taken the trouble to do some 'accounts and to publish a preliminary version of the "Microeconomcs: Asymmetric and Private Information eJournal" work "Political Capital: The (Mostly) Poor Performance of Congressional Stock Portfolios, 2004 to 2008. "
The picture is not encouraging: while a sample study of the nineties showed that MPs knew Americans go in and out of this or that action timing, the stock portfolios of U.S. senators and representatives, between 2004 and 2008, it appears to be went below the average market indices of 2-3 percent per year. A factor may be that investing in a "disproportionate" - and Eggers say Hainmueller - venture capital to companies in their constituencies. With the result that you are often not only poor performance but also with conflicts of interest. (Giuseppe Pennisi)
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