mosaic theory

CFA Level I
#1

I found the definition for mosaic theory is to use perceptive assembly and analysis of material public and non material non-public information. Please can anyone explain what is meant by material, public, non-material, non-public? Can I have non-material publick + non material non public information and treat it as mosaic theory? Thanks

#2

You should pull out your study materials and read about that. It’s more involved than can be answered easily in this format. Are you taking the exam in 11 days?

#3

basically, material non-public info is NOT allowed. all other combo’s (the other 3) are allowed on their own. public info is fine. and non-public info is fine if it isn’t material … BUT i think they really stretch the definition of non-material in some of their examples/test questions…

#4

Thanks westbruin