diff --git a/domains/internet-finance/Living Capital information disclosure uses NDA-bound diligence experts who produce public investment memos creating a clean team architecture where the market builds trust in analysts over time.md b/domains/internet-finance/Living Capital information disclosure uses NDA-bound diligence experts who produce public investment memos creating a clean team architecture where the market builds trust in analysts over time.md index c4e9879f..f51e3c33 100644 --- a/domains/internet-finance/Living Capital information disclosure uses NDA-bound diligence experts who produce public investment memos creating a clean team architecture where the market builds trust in analysts over time.md +++ b/domains/internet-finance/Living Capital information disclosure uses NDA-bound diligence experts who produce public investment memos creating a clean team architecture where the market builds trust in analysts over time.md @@ -78,6 +78,12 @@ Start with the Delaware LLC wrapper under Reg D 506(c) -- accredited investors o --- +### Additional Evidence (challenge) +*Source: [[2026-03-28-tg-shared-robinhanson-2037680495321055257-s-46]] | Added: 2026-03-28* + +Robin Hanson observes that 20-40% of stock price changes happen before official firm announcements, indicating rampant insider trading, yet stock markets function fine. This suggests that Living Capital's strict NDA-bound clean team architecture may be over-engineered relative to the actual information leakage tolerance that functional markets demonstrate. If traditional equity markets tolerate substantial pre-announcement information flow without breaking, the case for strict information barriers in futarchy-governed investment may be weaker than assumed. + + Relevant Notes: - [[Living Capital vehicles pair Living Agent domain expertise with futarchy-governed investment to direct capital toward crucial innovations]] -- the vehicle this information architecture serves - [[futarchy-based fundraising creates regulatory separation because there are no beneficial owners and investment decisions emerge from market forces not centralized control]] -- the governance structure the information flows into diff --git a/inbox/queue/2026-03-28-tg-shared-robinhanson-2037680495321055257-s-46.md b/inbox/queue/2026-03-28-tg-shared-robinhanson-2037680495321055257-s-46.md index 635c4511..3c5d8e06 100644 --- a/inbox/queue/2026-03-28-tg-shared-robinhanson-2037680495321055257-s-46.md +++ b/inbox/queue/2026-03-28-tg-shared-robinhanson-2037680495321055257-s-46.md @@ -7,10 +7,14 @@ url: "https://x.com/robinhanson/status/2037680495321055257?s=46" date: 2026-03-28 domain: internet-finance format: social-media -status: unprocessed +status: enrichment proposed_by: "@m3taversal" contribution_type: source-submission tags: ['telegram-shared', 'x-tweet', 'market-analysis'] +processed_by: rio +processed_date: 2026-03-28 +enrichments_applied: ["Living Capital information disclosure uses NDA-bound diligence experts who produce public investment memos creating a clean team architecture where the market builds trust in analysts over time.md"] +extraction_model: "anthropic/claude-sonnet-4.5" --- # @robinhanson — Tweet/Thread @@ -21,3 +25,9 @@ Source URL: https://x.com/robinhanson/status/2037680495321055257?s=46 ## Content On average, ~20-40% of stock price change happens before official firm announcements. Thus insider trading in stocks is rampant; yet our stock markets function fine. To consider re prediction market insider trading. + + +## Key Facts +- Robin Hanson estimates 20-40% of stock price changes occur before official firm announcements +- Hanson argues this indicates insider trading is rampant in stock markets +- Despite this level of insider trading, stock markets continue to function effectively