Taihou to Stamp - Vol. 4 Ch. 25 - Bubble Economy Profit

[MangaDex]

 

[taesu]

Remind me of my CS professor who invested in defense industry a year before Operation Iraqi Freedom. Received good dividend from it.

 

[Soleilsky]

This is no different from gambling.

He made a bet and it didn’t pay off.
Might as well have some savings anyway as a backup.

 

[otakubouzu]

Just wondering, isn't this what you would call insider trading? Or maybe skirting close with it?

 

[Leaf89]

No, I don't think it would be insider trading because the "insider" in this case, did not divulge confidential information to him intentionally. There was this one guy who got indicted for insider trading for overhearing a CEO at a racetrack, but he got off because the information got to him inadvertently. Insider trading laws are intended to protect the public from people within the company trying to benefit themselves or friends at the expense of the public - it doesn't stop people from investigating companies to uncover secrets that they can trade on. So if you hack into a company and trade on that information, you'd be guilty of hacking, not insider trading.

It's also questionable to say that the information traded on was "insider" knowledge, since it looks like the information he traded on didn't come from within the company. Anyway, this is just something I remember reading about once, so take it with a grain of salt.

 

[otakubouzu]

So rumors from soldier in field might not qualify as insider trading?
I remember in one of Tom Clancy's novel where Jack Ryan got some tips from his navy friends about a Navy liking a certain equipment that they might procure it, so Jack decided to put some stocks there. It later get investigated in Sum of All Fear though admittedly i recall nothing cames out from there.