ML-Implode News - SEC Wants Activist Hedge Funds To Share With The Rest Of The Class

``Financial markets are basically about information asymmetries, real and imagined, and financial regulation is largely about limiting those asymmetries to socially acceptable kinds and quantities. A general rule for trading success -- perhaps the only useful rule for trading success -- is: if you know something that nobody else knows and that will increase the value of a stock, then you should buy that stock! Afterwards, you should tell people. If you know something that will decrease the value of a stock, same thing, but with selling. If you don't know anything that nobody else knows, index.''

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SEC Wants Activist Hedge Funds To Share With The Rest Of The Class