Discussion: Investors Bail Out On Equifax A Day After Company Announced Data Breach

As Josh pointed out on Twitter: “Who would we rely on to collect erroneous, unconfirmed or fraudulent info that damages us through no fault of our own?”

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One of the wisest investors I know described his approach to investing in the stock market:

“I’ll start buying when the insiders stop selling.”

Speaking of insiders, the staff, no not Cruz’s, were bailing a few days before the announcement. Funny how that is.

Senator Heidi Heitkamp, a North Dakota Democrat who sits on the Senate Banking Committee, said it was “disturbing” that it appeared executives sold nearly two million dollars’ worth of company stock in the gap between learning of a sweeping hacker intrusion and making it public.