The Tucker Carlson Show
Nancy Pelosi Stock Tracker Chris Josephs: How to Get Rich by Investing Like a Politician
Wed, 26 Feb 2025
Congress is even more corrupt than you may understand. Chris Josephs runs Nancy Pelosi Stock Tracker on X and has all the details. (00:00) The Man Behind the Famous X Account, Nancy Pelosi Stock Tracker (02:53) The Senator Scandal That Started It All (11:47) How Is Nancy Pelosi’s Net Worth So High? (29:10) How Pelosi Outperforms Professional Stock Traders (34:12) Dan Crenshaw Is Out of Control Paid partnerships with: Beam: Get 47% off for a limited time using the code TUCKER at https://ShopBeam.com/Tucker PureTalk: Get an iPhone 14 or Samsung Galaxy for $0 https://PureTalk.com/Tucker Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: Who is the man behind the Nancy Pelosi Stock Tracker account?
So Nancy Pelosi stock tracker is one of those things that I first saw on X on Twitter, and I thought this cannot be, this is obviously fake. In fact, I didn't even consider for a second that it could be real. And then I was sent it by a buddy of mine who spent 30 years on Wall Street. Have you seen this? And I was like, is this real? He's like, it's totally real. We're just talking off camera.
It's like at 55, it's shocking for me. It's hard to accept. how corrupt leadership of the country is. It's like, I almost can't metabolize it, but I don't think anything has put it into clearer relief than what you have done. So you run Nancy Pelosi's Stock Tracker. It's incredible. First of all, I'm really glad to meet you. Yeah, no, appreciate it. And to know that you're real. Who are you?
Where are you from?
How'd you do that? How'd the whole thing start? I mean, I'm 29 now. At 25, would I say that, you know, looking five years from then, I'll be running a Pelosi Stock Tracker, building an app with the slogan, invest like a politician, having that thing become a thing? No, I don't think I would have ever gotten to that. Um, so at 25, I was actually living in Bali.
I quit my New York city job when I was doing finance and I started working on my family company where we would sell sports compression products, like little ones with numbers on them, a custom ones that you would get for your kid for, you know, peewee football. And I was so sick of the finance grind in New York that I was like, I'm going to work on this family thing.
I'm going to try and take it up to another level. I'll go travel around, move to Bali. I was working out there for probably like six or seven months. Moved back to Boston, which is where I'm from. Then went up to New Hampshire, became a snowboard instructor. Was working on the ski slopes. There's a whole story behind it. I was working on the ski slopes. As a snowboard instructor.
Where in New Hampshire? Bretton Woods. Great, great mountain. Very family friendly. And this is my phone. We're all up there. And then when COVID hit, moved back in with my family. And then that's how I connected with my co-founders, Brian, Aaron, and Scott. They're out in LA. And there's a whole story on how I essentially connected with them, which we can get into. But...
we started building an app together. And long story short, I'm sure we'll get into the majority of this stuff. We essentially built out on a tech side, the first way to follow your friend's stock portfolios. So if you had a Robinhood and I had a Webull or a Fidelity, we would connect it to our app and you can get push notifications of when a trade would happen.
I was the co-founder of it and I was in charge of the growth. And one obvious way to do it, this was during the GameStop era, was let me build a Nancy Pelosi portfolio. I'm seeing on Twitter, I'm seeing on TikTok, I'm seeing on Instagram, politicians crushing it and them getting called out for their trades, especially during COVID. I never will forget it. Yeah, you covered it, the Richard Burr.
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Chapter 2: What was the senator scandal that initiated the stock tracking?
The bill that's got the farthest, and this is where this just frustrates me with all the stuff going on, is there was a bill introduced by Josh Howley, John Ossoff, and a couple other politicians. The reason why that one's important is because they got that to the Senate.
And in the Senate, while they were in one of the committees, the way that the bills enter the floor is they have to get passed off by the committee. This is the bill that made it the farthest. In that bill, though, they offered kind of four things. First, members can't trade stocks by 2025. This was introduced in 2024. Members can't trade stocks.
Second, spouses and dependents can't trade stocks through 2027. Third, any private investment you have, you have to sell out of to run, to become a politician. No one has ever asked for that. That has never come up and that became a big, big problem. This is where it gets scary and we have to be careful with what we're essentially pushing for.
So what everyone has asked for on these bills is no trading, No members and their spouses can trade, put it in a blind trust. Now this fourth bill, no trading, no members and spouse, blind trust, but also you have to sell out of every private investment. And that, when they started debating it, Mitt Romney, Tim Scott, and a couple other politicians on it were like, wait a second.
We can't vote yes on this. If you guys are telling me that any future politician that wants to run has to sell out of private investments, that could become a major, major problem. If you want to run and be a politician, you'd have to sell out of your businesses. If I were to run, I would have to sell out of my businesses. A farmer would have to sell out of his family businesses. Is that right?
Why are we essentially doing that? And when you take a step back at the time, this was Kamala versus Trump. Kamala just picked Tim Walz to be the VP. And you think about where the directions of each parties are going. If you have a bill out there that bans
Politicians from owning in private investments you are turning off kind of a whole part of future people yeah and I mean you know you do kind of want people who are invested in the country.
who have some longitudinal stake in America. I mean, I do think that. I'm fighting for my... That's why I believe in home ownership. Because I own a piece of ground here. It's my country.
And you know what's crazy? You had Trump and J.D. Vance. J.D. Vance, probably the most, in my lifetime, the smartest, most accomplished guy running for politics that I've ever seen. I think he's just tremendous. I totally agree. You got him with Trump, business guys first, politicians second. You got Vivek, business politician second.
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