"Professor Seyhun said that insiders were not infallible, and that their recent failures were hardly their first misreading of the market’s direction.
But since 1975, the earliest year he has studied, insiders have been correct far more often than they’ve been wrong....For the most recent 10-year period in his sample, through 2008, the comparable 50-day advantage for the insiders was 3.3 percentage points."
Sunday, February 28, 2010
Strategies - Recent Errors Aside, Insiders Remain Reliable Indicators - NYTimes.com
Strategies - Recent Errors Aside, Insiders Remain Reliable Indicators - NYTimes.com:
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