logoalt Hacker News

prependlast Friday at 8:12 PM1 replyview on HN

That’s not insider trading. It’s using nonpublic information, legally.

The example that my business school professor gave was that if you’re riding in an elevator with two executives and they talk about how they’re going to miss numbers and trade it’s not insider. If one of them tells you specifically, it is.


Replies

koolbalast Friday at 8:35 PM

> The example that my business school professor gave was that if you’re riding in an elevator with two executives and they talk about how they’re going to miss numbers and trade it’s not insider. If one of them tells you specifically, it is.

That's why I always shout my inside information within earshot of my financial adviser but never actually place any trades myself.