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To add to the other two responses: I can't find it, but there was a great post on HN about how if you are a lawyer, it is important that you never create as muc
by hyperpape 8y ago
To add to the other two responses: I can't find it, but there was a great post on HN about how if you are a lawyer, it is important that you never create as much as an impression that you are giving someone legal advice in your capacity as a lawyer, because it can create liabilities. No exchange of money, no contract required.
I don't know if investing is the same, but that's the answer for lawyers.
- wgerard 8y agoWorth noting: Matt Levine used to be a practicing attorney. The CYA stuff makes a lot more sense in light of that.
- gimmeThaBeet 8y agoYeah, simple as that, Levine is a trained lawyer. Whenever he talks about his rules of insider trading, it's peppered with "now this is definitely not legal advice, but..."