The insider trading you're allowed to do
The article argues that a legal form of 'insider trading' exists where employees use their internal knowledge about their company or industry to make career decisions. It illustrates this with the example of Nokia engineers who, knowing the company's decline against the iPhone, proactively moved to competitors like Apple and Google.
Why it matters
This concept encourages individuals to proactively use their unique internal insights to make informed career choices, rather than passively waiting for public information. It suggests that leveraging this 'insider' knowledge can lead to better personal and professional outcomes.
Insider trading is illegal in the stock market for a simple reason: it works too well. If you know the drug trial failed before the announcement does, you can't lose. So it’s banned, and people go to prison for it.
But there's a version of it that’s legal.
I’ll use an example to illustrate first. Take Nokia, the biggest mobile phone company in the ‘90s. When the iPhone came out in 2007, Nokia's engineers internally knew their phones couldn't compete with the iPhone - their software and hardware were years behind.
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