[quickthrowman]

> What's interesting is that broadly speaking, people acknowledge that negotiating with asymmetric information is immortal or wrong.

They do? I’m quite happy when I have more information than the party I am negotiating with.

Do you tell your customers all of the input costs of the product or service you sell? I doubt it.

Also, certain parties that trade in public markets have way more information than any retail investor could ever hope to have, hedge funds buy satellite imagery of parking lots, track oil tankers at sea, etc to gain an edge.

Insider trading rules are meant to prevent the public bagholding stocks from the management team having insider information that no other market participant could or should have, there are no rules against legally gathering or purchasing information on your own to gain an edge over other market participants.