Gaming the Pseudo-Efficient Information Economy (correction)
In the information economy, some profited through their speculating of certain events. They either buy, sell or hold. Most of the time, they hope. Even without having a details-driven long-term plan or a grand view of the Big Tangible Picture, they grounded and pounded their way to their goal.
Whether they are able to meet the criteria of their goal on time, on budget and on target with the minimum resistance is a different story. Having the right team and the right strategic process model are two component behind the first stage toward establishing the right direction. Being able to execute it properly is the next stage.
Gaming the System
Then there are the few, who have profited from inside information, are occasionally apprehended. ...
From April 22, 2013 of the NY Times
A recent case involving a Canadian investment banker raises an interesting question about whether a person’s own intuition about a merger constitutes illegal insider trading charge. The answer becomes even more difficult when two securities regulators reach different conclusions about whether there was any confidential information involved.
At the time, one of Mr. Moore’s clients was the Canadian Pension Plan Investment Board, which was planning an offer for Tomkins along with a private equity firm. Mr. Moore regularly dealt with one of the pension plan’s senior representatives about providing investment banking services. He learned there was a significant transaction involving the pension board, but that C.I.B.C. would not be involved in it.The trading involved Tomkins, a British maker of car parts,before it received a takeover offer in July 2010 that led its stock price to rise nearly 30 percent. The circumstances by which Mr. Moore gathered the information about the offer make it hard to find any clear line that separates good deductive reasoning from illegal trading.
The Compass View