Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures." -- Daniel Webster
Friday, November 22, 2002 :::
Asymmetric information in the stock market as elsewhere. I own stock in a company of questionable repute, though I sold some of my stake yesterday after a 50% run-up in five weeks. (Just long enough to avoid the wash-rule, in fact; buy crappy stocks and get yourself a tax deduction, like I did.)