True or false: it is often said that the most precious commodity on wall street is good advice

Social Studies

1 answer:

Airida [17]2 years ago

7 0

<u>False</u>; It is often said that the most precious commodity on Wall Street is <u>information</u>.

Information about market trends, emerging opportunities, financial threats, and so on have become the key focus of professionals and traders in Wall Street.

Firms are investing in research, hiring consultants and analysts to stay ahead of the game. The ability to predict stock prices is becoming a highly sought after capacity.

Infact, information is becoming so precious that some resort to unethical practices to obtain and use it. Among these is the phenomenon of insider trading, in which people are able to make riskless investments in the stock market based on information they obtained illegally.

Regulators are also investing in securing critical information, such as by installing advanced data-mining softwares analyze trading records.

To learn more about importance of information: brainly.com/question/14517995

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