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(Forbes)   The mythical crime of "insider trading" should really be called "freedom trading"   ( divider line
    More: Amusing, political freedom, Mises, trade, Spitzer  
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1868 clicks; posted to Politics » on 18 Sep 2013 at 1:29 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-09-19 12:28:31 AM  
Wouldn't that just drain ALL the faith out of the stock markets?

The only things that are left will be bots extracting crumbs through rounding errors.
2013-09-19 07:23:39 AM  

nmrsnr: This guy cannot be real, right? I mean you can't write this:

"Take a worst case scenario: a fire has just broken out in one of the firm's warehouses. Insiders start dumping their stock, selling it to hapless, ignorant outsiders who are about to see their newly bought stock plunge in price. But what is the cause of the stock's fall? The cause is not insider trading, but the fire."

And actually mean it. Because that's not even close to the worst case scenario. An obviously worse scenario is a bunch of CEOs shorting their own stock because they have direct control over whether their stock tanks, making a killing by destroying their own company, and walking away. The company is decimated not by accident, not by random act like fire, but because greedy people actively destroyed it for their own gain, putting hard working people out of work. And I'm pretty sure even that's not a worst case scenario, but I didn't want to spend more than a minute on this ridiculous human being.

Are you saying that if you had stock that you knew was facing one of these worst case scenarios, you'd hang on to it?
2013-09-19 11:15:18 AM  

HighOnCraic: "SAC Capital's founder, Steven A. Cohen, is being tried as a witch..."

Well, does he weigh more than a duck?

"Same as a duck". If she weighted more than a duck she wouldn't float nor be made of wood.

ARTHUR: A duck.CROWD: Oooh.BEDEMIR: Exactly! So, logically...,VILLAGER #1: If... she.. weighs the same as a duck, she's made of wood.BEDEMIR: And therefore--?VILLAGER #1: A witch!CROWD: A witch!BEDEMIR: We shall use my larger scales!
2013-09-19 11:39:17 AM  
ARTHUR: A duck
.CROWD: Oooh.
BEDEMIR: Exactly! So, logically...,
VILLAGER #1: If... she.. weighs the same as a duck, she's made of wood.
BEDEMIR: And therefore--?
VILLAGER #1: A witch!
CROWD: A witch!
BEDEMIR: We shall use my larger scales!

My linebreaks went where???
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