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Here's the key to this article: > Tamny believes that insider trading laws should be abolished, on the grounds that they are vague and inconsistent. Tamny also
by monochromatic 16y ago
Here's the key to this article:
> Tamny believes that insider trading laws should be abolished, on the grounds that they are vague and inconsistent. Tamny also believes that insider trading helps, rather than hurts, individual investors, because it results in information more quickly being factored into stock prices.
There's no argument here for why Sokol's actions don't constitute insider trading, and there's only a conclusory statement that they didn't harm anyone. I don't really see why it wouldn't be considered insider trading, and I think there's a good argument that he's breached his duty of loyalty to Berkshire.