On: SEC Charges Mark Cuban With Insider Trading

[sokoloff]

"Worst kept secret" approximates "public information" at the limit.

[fallentimes → sokoloff]

I don't know. Does it? A relatively small number of people made a ton of money off of it while a relatively large number of people got burned.

[sokoloff → fallentimes]

I was assuming that your measure of badness was "the more people who know this secret, the worse kept it is". By that measure, the limit of a poorly kept secret is exactly public information.

I'm having a hard time coming up with any other continuous measure of "badness" of secret keeping.

[fallentimes → sokoloff]

Me too. It will be interesting to watch this play out.