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Really? I did not know that at all. I say legal insider information is a very, very interesting market then.

• claytonjy 8y ago
  Well, the whole point of markets is to incorporate information into the price. So if I've done research and think company X is undervalued, I'm going to buy its stock, the price is going to go up, and now that research of mine is better incorporated into the stock price of X. As long as I didn't _take_ that info from anyone (e.g. I can't hack emails, or bribe an accountant, etc. etc.), this is markets behaving exactly as we want them to.
  • jdironman 8y ago
    Oh, okay. I think I see now. The stock market has always fascinated me and I admit I understand very little of it. I wouldn't know where to start learning about the ins and outs of it.
    • claytonjy 8y ago
      I'm short on good resources, but you might enjoy Matt Levine's Money Stuff newsletter; I always look forward to reading it, and all of this "what is insider trading" comes directly from his writing in recent weeks. You can read some of them on bloomberg, or get the emails each day for free here: http://link.mail.bloombergbusiness.com/join/4wm/moneystuff-signup http://link.mail.bloombergbusiness.com/join/4wm/moneystuff-s...