[roenxi]

Not so, I would just buy whatever the insiders are buying a bit later. The argument against insider trading is a bit weak because it seems impossible to enforce effectively and I don't see why anyone would assume insiders are anything but active in the market.

Picking on stocks as an example, there is a background fair market rate that everything should theoretically achieve. Insiders way outperform that - but most people are in the market to target the background rate, not the outlier rate insider traders can achieve.

[tnel77]

My favorite part of insider trading is that it only punishes those who take action. You buy or sell. If you have insider information that prevents you from buying or selling, that’s just fine (at least that is my understanding).

[kcb]

If everyone bought whatever the insiders were buying there would be no one to take the other side.