> Good luck proving that Bob ran the company into the ground (and got rich doing so) because he's a crook, rather than just an idiot. You can't. Insider tradin

> Good luck proving that Bob ran the company into the ground (and got rich doing so) because he's a crook, rather than just an idiot. You can't. Insider trading doesn’t make this any easier to prove. Bob can just start drinking or doing drugs before running the company into the ground, now his friends and family have a solid defense against any insider trading claims. Bobs drug problem isn’t material nonpublic information, but it sure as hell explains why everyone around him started shorting the company.