One of my little obsessions is the social relationship of insider trading. Insider trading is so dumb, and can send you to jail for so long, and pretty much requires an accomplice. How do you decide whom to trust with something so momentous, and so dumb? Some people -- a lot of people actually -- insider trade with their golf buddies. Others insider trade with strangers using Post-it notes that they eat. Both strategies make a kind of sense to me, though I guess I'm more of a strangers-and-Post-its kind of guy. Anyway, today is a wonderful day for insider-trading sociology. First there is this recent paper about ... (full story)