(Knowledge Is Power) Squared

What’s unique about finance, I would argue, is a crucial kind of information asymmetry – not merely that outside observers cannot know as much as insiders do (this is also generally true, not merely true of finance), but that in finance the asymmetry pertains to precisely the information needed to game the system. Put simply, financial executives will always know more about how to game the financial system than anybody else, because manipulating the financial system is their job.

Noah Millman, "Some Measures of Inequality Are More Equal Than Others"