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It isn't required. A lot of the value in things like the stock market is to disseminate the various information asymmetries in the form of price. There's a re
by fleitz 9y ago
It isn't required.
A lot of the value in things like the stock market is to disseminate the various information asymmetries in the form of price.
There's a reason guys like Paul Krugman write books on economics rather than trade the market.
- rahimnathwani 9y agoI'm glad you brought up the stock market. Insider trading laws exist in the US and most developed countries, precisely because information symmetry is important to the functioning of equities markets. EDIT: Don't take my word for it. Look at the SEC web site's description of their purpose. Excerpt (emphasis mine): "To achieve this, the SEC requires public companies to disclose meaningful financial and other information to the public. This provides a common pool of knowledge for all investors to use to judge for themselves whether to buy, sell, or hold a particular security. Only through the steady flow of timely, comprehensive, and accurate information can people make sound investment decisions."