| | | | | In 2001, there were major law changes regarding how we share public trading information.
They were all designed to help “the little guy”...
It started because of one of the biggest scandals in history: Enron.
Shareholders lost $74B.
Over 80,000 people lost their jobs and retirement all because some greedy insiders wanted to make themselves even wealthier.
Ultimately two congressmen came up with a plan to “protect” the regular investor called the “Sarbanes-Oxley Act”.
And, like most things the government does… it backfired.
The new act created major delays in reporting which created a gap between when some people know important information and the rest of the world gets the information.
Which is why a research paper on this subject found that “although a key purpose of financial statement audits is to protect shareholders, an unintended consequence of the audit process is that it endows corporate insiders with a temporary information advantage.”
And is there anything more powerful than knowing something no one else does?
Imagine knowing that a company was about to beat earnings before anyone else.
Or that a huge buyout was coming.
This is the most valuable information in the entire investing world.
So now you might be asking “OK, so how do I make their loophole, my loophole?”
And that’s what this workshop is all about.
Cheers!
Guy Cohen | | | | | |
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