--- title: "Meaning & Key Takeaway of: Right, but there's expertise and then…" description: "\"Right, but there's expertise and then there's inside information. And I think we have to make a distinction.\" — Daniel Okrent" image: "https://sms4smile.com/quotes/i/86d/daniel-okrent-23541_distinction_right-but-there-s-expertise-and-then-the_1542387.png" --- # Right, but there's expertise and then there's inside… ![“Right, but there's expertise and then there's inside information. And I think we have to make a distinction.” quote by Daniel Okrent](https://sms4smile.com/quotes/i/86d/daniel-okrent-23541_distinction_right-but-there-s-expertise-and-then-the_1542387.png) [Download](https://sms4smile.com/quotes/i/86d/daniel-okrent-23541_distinction_right-but-there-s-expertise-and-then-the_1542387.png) [Open image](https://sms4smile.com/quotes/i/86d/daniel-okrent-23541_distinction_right-but-there-s-expertise-and-then-the_1542387.png) > “Right, but there's expertise and then there's inside information. And I think we have to make a distinction.” [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Distinguishes between public expertise and private insider knowledge, urging careful separation. **In simple terms:** Expertise vs. insider info. Key Takeaway Recognize and separate public skill from hidden data. Themes knowledge ethics transparency Mood cautious analytical Type advisory ethical When to use this quote - business negotiations - journalism - policy analysis - investment decisions Key Concepts information asymmetry trust decision making Questions to Reflect On - How do you verify information sources? - When is insider knowledge justified? A Different Perspective Insider information can be illegal or unethical, limiting its use. ★ ★ ★ ★ ★ No ratings yet [Distinction](https://sms4smile.com/quotes/about/distinction/) [Expertise](https://sms4smile.com/quotes/about/expertise/) [Expertise Inside](https://sms4smile.com/quotes/about/expertise-inside-5747696/) [I think](https://sms4smile.com/quotes/about/i-think/) [Information](https://sms4smile.com/quotes/about/information/) [Information Think](https://sms4smile.com/quotes/about/information-think-1199831/) [Inside](https://sms4smile.com/quotes/about/inside/) [Inside Information](https://sms4smile.com/quotes/about/inside-information-604305/) [Make](https://sms4smile.com/quotes/about/make/) [Right](https://sms4smile.com/quotes/about/right/) [Right Expertise](https://sms4smile.com/quotes/about/right-expertise-2250088/) [Then](https://sms4smile.com/quotes/about/then/) [Think](https://sms4smile.com/quotes/about/think/) ## Related quotes > [I've often thought of successful entrepreneurs as individuals who have just the right expertise - at just the right moment - to solve the…](https://sms4smile.com/quotes/kenneth-c-griffin/i-ve-often-thought-of-successful-entrepreneurs-as-individuals-who/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [There is something about inside information which seems to paralyze a man's reasoning powers.](https://sms4smile.com/quotes/bernard-baruch/there-is-something-about-inside-information-which-seems-to-paralyze-a/) [Bernard Baruch](https://sms4smile.com/quotes/author/bernard-baruch/) > [Just what should a young man or woman know to be 'in the know'? Is there, in other words, some inside information, some special…](https://sms4smile.com/quotes/alan-watts/just-what-should-a-young-man-or-woman-know-to-be-in-the-know-is-there/) [Alan Watts](https://sms4smile.com/quotes/author/alan-watts/) > [On the Internet, inside information is currency, and there will always be counterfeiters among us.](https://sms4smile.com/quotes/j-michael-straczynski/on-the-internet-inside-information-is-currency-and-there-will-always/) [J. Michael Straczynski](https://sms4smile.com/quotes/author/j-michael-straczynski/) > [as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually…](https://sms4smile.com/quotes/paul-krugman/as-an-economics-professor-i-am-by-nature-inclined-to-the-view-that/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [In some respects, inside information is a form of financial steroid. It is unfair: it is offensive; it is unlawful; and it puts a…](https://sms4smile.com/quotes/preet-bharara/in-some-respects-inside-information-is-a-form-of-financial-steroid-it/) [Preet Bharara](https://sms4smile.com/quotes/author/preet-bharara/) > [Get inside information from the president and you will probably lose half of your money. If you get it from the chairman of the…](https://sms4smile.com/quotes/jim-rogers/get-inside-information-from-the-president-and-you-will-probably-lose/) [Jim Rogers](https://sms4smile.com/quotes/author/jim-rogers/) > [There is something about inside information which seems to paralyse a man's reasoning powers.](https://sms4smile.com/quotes/bernard-baruch/there-is-something-about-inside-information-which-seems-to-paralyse-a/) [Bernard Baruch](https://sms4smile.com/quotes/author/bernard-baruch/) > [Information is currency. ... Power is a place as well as a verb; it is inside the information tent.](https://sms4smile.com/quotes/lynda-obst/information-is-currency-power-is-a-place-as-well-as-a-verb-it-is/) [Lynda Obst](https://sms4smile.com/quotes/author/lynda-obst/) > [The way I understand the rules on trading on inside information, it's very vague.](https://sms4smile.com/quotes/steven-a-cohen/the-way-i-understand-the-rules-on-trading-on-inside-information-it-s/) [Steven A. Cohen](https://sms4smile.com/quotes/author/steven-a-cohen/) > [As coaches, we have to give a lot of information. Too much, I think.](https://sms4smile.com/quotes/louis-van-gaal/as-coaches-we-have-to-give-a-lot-of-information-too-much-i-think/) [Louis van Gaal](https://sms4smile.com/quotes/author/louis-van-gaal/) > [I think it's important for the American people to be thoughtful consumers of information and to think about the sources of it and to…](https://sms4smile.com/quotes/christopher-a-wray/i-think-it-s-important-for-the-american-people-to-be-thoughtful/) [Christopher A. Wray](https://sms4smile.com/quotes/author/christopher-a-wray/) > [The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same…](https://sms4smile.com/quotes/jim-cramer/the-danger-that-we-have-right-now-are-people-who-get-the-same/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [“if you’re going to wait to get all the information you think you need before you act, you’ll never act because there’s an infinite…](https://sms4smile.com/quotes/jeff-bridges/if-you-re-going-to-wait-to-get-all-the-information-you-think-you-need/) [Jeff Bridges](https://sms4smile.com/quotes/author/jeff-bridges/) > [“The supreme value of this new religion is ‘information flow’. If life is the movement of information, and if we think that life is…](https://sms4smile.com/quotes/yuval-noah-harari/the-supreme-value-of-this-new-religion-is-information-flow-if-life-is/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) ## More by Daniel Okrent > [The pursuit of balance can create imbalance because sometimes something is true,](https://sms4smile.com/quotes/daniel-okrent/the-pursuit-of-balance-can-create-imbalance-because-sometimes/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [The Times' new credibility committee report that was issued on Monday very specifically said they will be putting in a policy that reporters must…](https://sms4smile.com/quotes/daniel-okrent/the-times-new-credibility-committee-report-that-was-issued-on-monday/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [Is the New York Times a Liberal Newspaper? 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I was hired by the news department and, despite the rabid assertions of the Times'…](https://sms4smile.com/quotes/daniel-okrent/gail-didn-t-want-me-commenting-on-the-opinion-pages-i-was-hired-by/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [“Ten thousand grateful people jammed Sunday’s enormous tabernacle to hear him announce the death of liquor and reveal the advent of an earthly paradise.…](https://sms4smile.com/quotes/daniel-okrent/ten-thousand-grateful-people-jammed-sunday-s-enormous-tabernacle-to/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [I believe the Times is a great newspaper, but a profoundly fallible one.](https://sms4smile.com/quotes/daniel-okrent/i-believe-the-times-is-a-great-newspaper-but-a-profoundly-fallible-one/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [I was probably being a little cocky, which I do when I feel that I don't know what I'm talking about.](https://sms4smile.com/quotes/daniel-okrent/i-was-probably-being-a-little-cocky-which-i-do-when-i-feel-that-i-don/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [But I think it's undeniable that the Times is a liberal paper.](https://sms4smile.com/quotes/daniel-okrent/but-i-think-it-s-undeniable-that-the-times-is-a-liberal-paper/) [Daniel Okrent](https://sms4smile.com/quotes/author/daniel-okrent/) > [I'm saying that the WMD reporting was not consciously evil. 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