On Tue, 22 Jan 2008 17:20:22 -0800 (PST), Chuck Gould
wrote:

The utilization of privileged information is as large a component of
wealth building as invention, innovation, investment etc. Always has
been.

By the time guys on our level hear about it, the "value" of having the
information is gone and it's generally too late to take effective
action.

There is some truth to that of course but it is a defeatist attitude.
Even if you can't know exactly what the smart money is thinking, there
are ways to know what they are doing. There are also ways to predict
the long term impact of various policy decisions and other
governmental actions. Look for the trends and figure out where they
lead. Follow the money.