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Insider Trading

I've been learning more about the financial world lately, especially following the trial of Raj Rajaratnam, and the whole idea of insider trading seems like it is completely possible in the booze world, albeit not with stocks.  Large quantity purchasing of particular products can stem from early access to insider info.  For example, I was able to get a sneak peak at Steve McCarthy's new summer release of Islay-style whiskey.  I know for a fact that I was the first person to taste it and get a chance to buy it.  I might go really deep and buy a ton of it in order to corner the market because it's easily the best whiskey he's ever made for the white label release.  Because Steve came to me with a sample before anyone else, that gives me insider info that I can use to make large purchasing in advance and therefore help K&L's sales.  Granted, I still have to do the selling, but my experience tells me that this won't be a problem.

Am I going to jail?

-David Driscoll

Reader Comments (4)

I called the distillery a week ago to inquire about when they ll be releasing the new batch; they said mid-june. Can't wait cause I need a new bottle!!

May 14, 2011 | Unregistered CommenterNP

Let's see, the data was not obtained illicitly and your interpretation and analysis of it was shared transparently with the public (on a blog no less). No David, I do not see jail in your future... or worse yet, Wall Street:)

May 14, 2011 | Unregistered CommenterRN

Just keep providing your customers with great whiskey deals and we will post your bail.

May 14, 2011 | Unregistered CommenterYK

I don't think it counts as "insider trading" if K&L has played such a larger role in making McCarthy's a "semi-national" brand. Smart people selling great whisky at very very reasonable prices is a great combination. I would have never even heard of McCarthy's if Susan P. had not done such a great job of promoting it, and the K&L cask strength bottling, which unfortunately won't happen again, is fantastic, especially if the price is a factor.

May 15, 2011 | Unregistered CommenterSamuel Muindi

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