The insider trading you're allowed to do

(coached.com)

18 points | by rohanm93 2 hours ago

6 comments

  • yawaramin 13 minutes ago
    Actually, the real legal insider trading is the trades that you _don’t_ place based on insider knowledge. Eg, if you know that the iPhone is years ahead of everything else and you happen to be holding Apple stock, then you won’t let whoever is managing your portfolio sell any of it when otherwise you may not have cared. There’s no way to prove illegality for _not_ placing a trade.
    • dumberquestions 5 minutes ago
      There should be a name for this cognitive bias, not accounting for what someone is not doing.
  • toppa33 3 minutes ago
    Good article. I feel this way about my job :/
  • bananaflag 33 minutes ago
    Also see the famous case of

    https://en.wikipedia.org/wiki/Dave_Mustaine

    who left Metallica to found Megadeth.

    • pipes 15 minutes ago
      Genuine question, what inside info did he have?

      Also

      "Initial drummer Carruthers was replaced after Mustaine and Ellefson decided they could not trust him. Carruthers had chosen to hide his black heritage from them by claiming he was Spanish, and they could not understand why he would deceive them.Brett Frederickson joined the band in November 1983 as their next drummer."

      That move probably hasn't aged well. Pretty nasty.

      Edit: I can't recall which podcast I heard this, but ismtbhebthe guy that was sad that his band didn't sell as many records as Metallica?

    • elvircrn 16 minutes ago
      Completely unrelated to the article claims.
  • sixtyj 59 minutes ago
    This is not an “insider trading”, it is an insider’s knowledge (affinity to knowledge) and ability to use it.
  • yieldcrv 7 minutes ago
    I read the article and I’m far more interested in talking about actual legal insider trading in the equities market

    You may not be able to trade your company’s stock, or a competitor’s if you have knowledge that was under an employer agreement, but you can trade your sector and correlated assets

    You can have an edge, it’s not a legal issue.

  • Havoc 11 minutes ago
    Unfortunately doesn't work that smoothly everywhere because outcomes are often tied to larger unknowns whether it is will AI bubble pop or will the global economy take a dip.

    Access to internal data isn't a crystal ball