Thread by @shyamsek

Looking for certainty of outcome is the seed source of all #InsiderTrading.

When i see analysts or fund managers know everything about a company having all the answers, my first reaction is "WoW, investors just became insiders!".
But, there is another way far more enjoyable. 1/n

Uncertainty can be a bigger source of gr8r success. Not knowing everything or having a hotline with promoters or insiders can actually be good for investing.

For starters, you always believe something can go wrong. Insiders don't. So you are better prepared for BIG shocks. 2/n

Confidence in an idea is very important. Most often, the only reason it turns into overconfidence is because of excessive familiarity with insiders. Keeping confidence in check is the biggest challenge in #InsiderTrading.

When I sold to #insiders & was proved right, i knew why.

Story telling, the cancer of professional investing, is also the surrogate child of #InsiderTrading. Story tellers are simply the hired wombs. They do it purely for gain. If you see altruism in storytelling, you clearly don't get it. Stories carry the seeds of #insiders. 4/n

The #InsiderTrading problem actually starts when professionals want do make life easier. They don't want to fail. So, they seek tacit help of #insiders. Clearly, the other side too is in it for easy gains. They work together knowing fully well, oneday, one outsmart the other.5/n

Being away from the noise, has worked very well for quite a few investors I know and respect. They mostly use publicly available information, reports, disclosures and concall transcripts. But, to get to that state is clearly not easy. Experience is what helps them do that. 6/n