- Some Fridge Logic at work here: Daniel was offered a chance to invest in Casio back when it was a fledgling company. He was very skeptical, thinking the Japanese could never build decent wristwatches. The information came from the son of an executive at Casio, who told Daniel to buy stock when it was a low price of six US dollars. Had Daniel chosen to invest, couldn't he have been arrested and incarcerated for insider trading?
- Maybe that was Daniel's fear; scoffing at the ability of the Japanese was just an excuse. Which admittedly isn't that great a lesson.
- You'll notice that most of the cases against Daniel are money-related - at one point, he exasperately shouts, "I get it! It's all about money" It isn't. It's just trying to test his limits.
- And no, the SEC won't come down on one friend telling another to invest in a company. Insider trading is larger scale, dealing with companies, not friends.
Headscratchers / Defending Your Life