94dd9e62_casts__Investment_Philosophies__Outline
[Session] 22 [Book chapter] 10 [Downloads] Webcast Slides Post-class test [Outline] 
Information Trading: Trade on the news? In this session, we introduce information trading (as a philosophy) by first delineating how efficient markets should respond to new information, as opposed to slow learning or over reacting markets. We then lay out different ways in which investors can play the information game: by getting a whiff of forthcoming information announcements (from private sources, rumors or research) and trading on that basis, by trading on the information announcement itself on the assumption that the immediate market reaction is likely to be skewed or investing after the announcement on the presumption that markets learn slowly or over react.
Webcasts: Investment Philosophies
Outline