4 ms·
You work with an oversimplifying model of reality. Say you've worked in a specific industry for a long time and you know all the players. You know where the te
by rsp1984 10y ago
You work with an oversimplifying model of reality.
Say you've worked in a specific industry for a long time and you know all the players. You know where the technology is, what the challenges are and where the tech is going. You know how key companies are managed, you have an idea about their goals and strategies. You know who's best positioned for what's coming. This is just general knowledge that you've acquired through your job over the years.
Now say you've made enough money and retire. Because you know a thing or two about your industry you decide to buy or sell some stock. Can this be called insider trading? Perhaps. Is it illegal? Most likely not. Can you derive alpha from it? Hell yea.
- ForHackernews 10y agoWhy aren't you super rich, then? If that's really true, then go do that thing you said.
- your_ai_manager 10y agoStraw man
- ucaetano 10y agoAnd how many others have done exactly the same and are writing stock picks or selling industry consulting? Again, unless you are confident that you're a better expert then everyone else, you shouldn't think you will beat the market with just public info. Now if you're saying that you keep getting updates insider information from the entire industry WHILE you're trading, well, then you're back to the "insider info" part.