Liquid Markets
topic on 1 show · 3 statements across 3 episodes
3 statements about Liquid Markets, every show
Bessent: Liquid markets are like cards and backgammon, not chess
“The liquid markets game are cards and backgammon. It is luck and how are you going to manage the hand you're dealt?”
Bozman: Liquid markets will reject $100M valuations for pre-launch blockchain games
“I don't think the liquid markets will support that. I think a lot of people will lose a lot of money in the short term.”
Biscardi: Human fundamental analysis rarely generates an edge in liquid markets
“We've never been big on strategies that involve a human doing fundamental analysis and supposedly doing it better than the rest of the world does it. I think in liquid markets, that's an incredibly difficult thing to do, and it's never something that we've rea…”