Everyone should enjoy this…for one reason or another.

Posted on January 3, 2012 by ScottC

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  1. Unknown's avatar
    Mark in Austin, on January 4, 2012 at 12:25 am said:

    Scott, is it true that for some period of time Goldman Sachs knew market changes overseas with enough lead time over the rest of the players to successfully arbitrage?I was told this at a NYEve Party by a drunk.

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  2. Unknown's avatar
    ScottC, on January 4, 2012 at 3:27 am said:

    Mark:I have no special insight into Goldman. Those of us lesser beings who haven't ever managed to land a job there often joke about GS's success being a function of exactly the kind of info you are talking about, but I have no serious reason to think it is. Certainly I think GS's reputation and history provides it with lots of market advantages, but if you are asking if they obtained and used info unethically, I'm not aware of it nor even of serious suggestions that it is so. But it could be, I suppose.

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