“ This is selection bias. The people who get CAUGHT doing it are complete idiots.” I used to know a Wall Street guy sometime around 2005. The way he presented

“ This is selection bias. The people who get CAUGHT doing it are complete idiots.” I used to know a Wall Street guy sometime around 2005. The way he presented it was that there is a ton of variations of insider trading going on. People talk to each other and insiders are always ahead of the general investors. I tend to believe that. As creative , greedy, competitive and smart these people are I can’t imagine them not taking advantage of every opportunity they see. Also, in most other industries the regulators mostly go after the smaller guys because the big guys are too hard and expensive to prosecute.