> "...Ultimately, insider trading is an inefficient way of achieving market efficiency, because insiders earn all their profits on the lag between when they sta

> "...Ultimately, insider trading is an inefficient way of achieving market efficiency, because insiders earn all their profits on the lag between when they start selling and when the market figures out what's going on. This gives them every reason to hoard information, with the result that stock prices are out of whack for longer than they otherwise would have been. Markets thrive on transparency, but insider trading thrives on opacity..." -- Oct. 31, 2005 - James Surowiecki https://insidertrading.procon.org/view.answers.php?questionID=001055 https://insidertrading.procon.org/view.answers.php?questionI...