2 ms·

> think that they know Think they know and do know are different beast all together. Which part of insider information laws do you not understand. Speculative

• anamax 17y ago
  > Think they know and do know are different beast all together. Not really. I wrote "think" to account for the fact that they can't predict the effect of their knowledge even if it is accurate. (As money people say, the market can stay irrational longer than you can stay solvent. For example, a lot of people lost money in the housing bubble despite accurately predicting it - they just didn't make good moves at the right time.) > Which part of insider information laws do you not understand. I understand a lot more about them than you do. For example, it's not illegal for Google to trade on its knowledge of a pending Google order with Rackspace. It's illegal for Google employees to do so only because that interferes with Google's biz relationships and misappropriates Google's knowledge. If I legally come across confidential information, I'm perfectly free to trade on it. There's only a problem if I steal the information.