L16

"Millionaire Watch" - Countdown

In today's (Oct 24) lecture I mentioned the notion "material disclosure" - the requirement for public firms to reveal important information so that "insiders" don't have non-public information they can use to  make money by buying or selling their stock.  We also mentioned the 180 day "lockup" period after a company goes public during which employees can't sell stock, which has some of the same motivation.  In today's Wall Street Journal there is a front page story about how a lot of luxury merchants in Silicon Valley are counting down the days to November 21, when LinkedIn's lo

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