News for hackers. Stuff that matters.

A comment on Insider trading has been rife on Wall Street, academics conclude. Parent comment

Re:Insider trading has been rife on Wall Street, academics c... by ljf on Sunday February 11, 2018 @03:19PM (#16354554)
Have you not heard of the antivax conspiracy people? People often think they know better that others.

That said I knew of a person working as a trader who was one a team of 20 young guys taken on fresh from uni - at the end of the year the company sacked the 18 guys who lost money and told all their clients about the 2 whizz kids who had just had an amazing year. If the professionals all knew so much I'm not sure why those 18 people would have failed to turn a profit.

[ Parent | on HN ]
Re:Insider trading has been rife on Wall Street, academics c... by pbhjpbhj on Sunday February 11, 2018 @04:33PM (#16354953)
That's awesome: I wonder how far you'd get by starting a trading team of 1000 (shell companies!?), trading for 5 years and then marketing "our trading group of 5 have made an inflation-busting, above market average profit for the last 5 years!". Would people throw money at you?
[ Parent | on HN ]
Re:Insider trading has been rife on Wall Street, academics c... by tjalfi on Monday February 12, 2018 @12:10AM (#16356686)
You have described mutual funds. See the Mutual Funds section of [0].

[0] http://philip.greenspun.com/materialism/money

[ Parent | on HN ]