> and most everyone does insider trading I know this is a popular belief, and there are certainly some outright violations in the industry, and then a whole ho

> and most everyone does insider trading I know this is a popular belief, and there are certainly some outright violations in the industry, and then a whole host of activities that carefully toe this line, by and large it's just not true. Most hedge funds and active managers underperform their benchmarks. I've spent my whole career in hedge funds and seen far more clueless money losing portfolio managers than mischievous insider traders...