Illiquidity
topic on 2 shows · 3 statements across 3 episodes
3 statements about Illiquidity, every show
Startup Illiquidity Shields Founders From the Distraction of Daily Price Fluctuations
“I think illiquidity is a feature, just like, you know the fact that you can go and do your job every day and not be constantly getting marked is, is a great blessing, because it allows you to focus on”
Seides: Embracing illiquidity is not a first principle of the Yale Model
“Embracing illiquidity is not a first principle of the Yale model, despite many misinterpreting David's beliefs as such.”
McKeon: Academic finance defines liquidity as costliness to trade, not tradeability
“When we think about, like, illiquidity or liquidity as academics, we don't think about it as, like, ability to trade or inability to trade. We think of it as costliness to trade, right? So, like, price impact or bid-ask spread, like, these are the measures we …”