[quote=davelj] Inside information is probably the most overrated “advantage” in the financial markets. [/quote]

You should read “Fortune’s Formula”.

If can glean even a slight edge, via inside information, you can generate phenomenal returns.

However, I suspect what you are discussing is the fact that much ‘inside’ information is actually bogus. Which may be true, but I wouldn’t exactly consider it ‘inside’ then.