Back in the 1990s, I worked with a guy who had a friend on Wall Street that he called the "chief." I think they went to college together.
Every once in a while, this friend would get a call from the "chief." The "chief" always had some inside information about a deal that was going to be announced, and he was telling his friend so that his friend could invest in the stocks involved. Let's ignore for the time being that what was going on was probably highly illegal and grounds for an insider trading case.
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