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Cake day: August 16th, 2023

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  • The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. … A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. … But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years’ time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. This was the Captain Samuel Vimes ‘Boots’ theory of socio-economic unfairness.



  • I just skimmed the examples but they all seem to be done over multiple months, and under 10b5-1 plans which is specifically to say “I plan to sell X over the next y months”.

    It’s the verify definition of covering your ass to NOT be insider trading.

    Trump and the Republicans have talked about tariffs for months so nothing on this long a scale of selling over months is insider trading in my opinion.

    However show me the trades of people who bought and sold large amount within 24 hours of Trump flip flopping on suspending and unsuspending tariffs multiple times… THAT would be insider trading.