4 ms·

"His ownership of stock neither affected nor impacted his decisions in this case." Like any human can ascertain this about themselves.

kace91 5y ago
I mean, it is possible and even likely for a person to own stock in a company without knowing it. Indexes are a very common way of investing nowadays, and many people don't go below that layer of abstraction to see in which companies the money ends up. Not to say that good intent should be assumed in legal matters, but I can see it happening.
- enkid 5y ago
  This is not talking about index funds. You would not call out a specific stock inside an index fund in a disclosure like this. You could figure it out, bit it's just simply not considered a conflict of interest.
bryanrasmussen 5y ago
If he wasn't aware he owned it at the time seems a pretty reasonable supposition.
- Beldin 5y ago
  Of course, perhaps he was aware and considered ways to hide that. I'm not saying this is the case - I am saying you need rules that work for that specific case.
Waterluvian 5y ago
I just checked. I own Apple stock through my RRSP mutual fund. Looks like 0.5% of my investment is Apple. Can I ascertain, about myself, that this wouldn’t affect my decision making?
- pc86 5y ago
  Even more, if 0.5% of your investment is enough to affect your decision making, you're going to be so paralyzed by analysis paralysis and competing goals you'd never be able to get anything done.
  - sidlls 5y ago
    This assumes humans consciously and continuously make decisions by a thorough and comprehensive review of their own interests. In practice this can provide a subtle influence without having to undergo that depth of analysis.
  - marcellus23 5y ago
    > you're going to be so paralyzed by analysis paralysis and competing goals you'd never be able to get anything done actually this feels like it describes me
- JohnJamesRambo 5y ago
  No you can’t. Self-preservation and greed can easily be working in your subconscious. Humans are easily this fallible.
  - Waterluvian 5y ago
    At 0.5%? This seems laughably academic but not likely founded in reality.
umeshunni 5y ago
Given that Nokia won the case, this is a reasonable assumption

kace91 5y ago

I mean, it is possible and even likely for a person to own stock in a company without knowing it. Indexes are a very common way of investing nowadays, and many people don't go below that layer of abstraction to see in which companies the money ends up. Not to say that good intent should be assumed in legal matters, but I can see it happening.

enkid 5y ago
This is not talking about index funds. You would not call out a specific stock inside an index fund in a disclosure like this. You could figure it out, bit it's just simply not considered a conflict of interest.

bryanrasmussen 5y ago

If he wasn't aware he owned it at the time seems a pretty reasonable supposition.

Beldin 5y ago
Of course, perhaps he was aware and considered ways to hide that. I'm not saying this is the case - I am saying you need rules that work for that specific case.

Waterluvian 5y ago

I just checked. I own Apple stock through my RRSP mutual fund. Looks like 0.5% of my investment is Apple. Can I ascertain, about myself, that this wouldn’t affect my decision making?

pc86 5y ago
Even more, if 0.5% of your investment is enough to affect your decision making, you're going to be so paralyzed by analysis paralysis and competing goals you'd never be able to get anything done.
- sidlls 5y ago
  This assumes humans consciously and continuously make decisions by a thorough and comprehensive review of their own interests. In practice this can provide a subtle influence without having to undergo that depth of analysis.
- marcellus23 5y ago
  > you're going to be so paralyzed by analysis paralysis and competing goals you'd never be able to get anything done actually this feels like it describes me
JohnJamesRambo 5y ago
No you can’t. Self-preservation and greed can easily be working in your subconscious. Humans are easily this fallible.
- Waterluvian 5y ago
  At 0.5%? This seems laughably academic but not likely founded in reality.

umeshunni 5y ago

Given that Nokia won the case, this is a reasonable assumption