Hacker News new | ask | show | jobs
by anonu 2496 days ago
Read Matt Lewis and his writings on insider trading. As he would say: Insider trading is about theft. If you pickup a dollar bill on the ground, could you be accused of theft? Probably not...

Also: https://en.wikipedia.org/wiki/Mosaic_theory_(investments). So you can get an edge by sourcing information from various places and piecing it together better than anyone else... that's fine as well.

1 comments

I think you mean Matt Levine, not Matt Lewis. Matt Levine has written about how insider trading is really about theft, not fairness: https://www.bloomberg.com/opinion/articles/2015-10-05/justic...

> If you pickup a dollar bill on the ground, could you be accused of theft? Probably not...

Depends on the country - in some countries, yes, that is actually considered theft.

Yes - Matt Levine!