liquidity

“So we've been in the most low volatility environment in my time ever investing, and liquidity in the underlying markets has also never been worse across all asset classes.”

“I don't suspect leverage is going to be the next big challenge, I do think liquidity might be the case.”

“If we are going to see a transition from abundant liquidity to less abundant liquidity, the risk of something going wrong and the penalty for that thing going wrong when it does are going to be higher than what we've experienced recently. And when that happens…”

“Even like setting retail aside for a minute, like if you could just open those assets up to all accredited investors all across the world, that's an enormous increase in market depth. And so you have to believe that that is going to impact liquidity. It's goin…”

“And for us as a foundation, we figured out that liquidity is the thing that we've got To spend the most time. We have no inflows of capital.”

“It is the beneficiary of just ridiculous, crazy liquidity in the world, and I don't get where the fundamental value is right now.”

“What I've learned is on a product marketplace, once you have a 15 to 20% sell-through rate, ideally 25%, where you can start at 15, 20%, or in a labor marketplace, where you can start representing 15, 20% of the revenues of the supply, you've basically reached…”

“If there's no liquidity, there's usually a lot of profit in making liquidity.”

“I think if you look at today, it's pretty obvious that not only are we in a more fools than money phase, we're actually in an outright liquidity crisis because you have a lot of drains on liquidity at the same time.”

“I think what we're seeing today is that obsessive growth at any cost is over. I think we're seeing the limitations of passive capital. I think we're seeing the limitations of short-term alpha. I think we're going to start to desperately realize how important l…”

“And the only thing that's going to solve the lack of cashflow servicing a lot of debt is new liquidity. And if you have liquidity and you can drive terms on Outcomes. I think you're going to be pretty impactful. And if you don't have liquidity, I don't think y…”

“And I think if there is a structural advantage to private markets advantage over public, it tends to be that the lack of liquidity is forcing a good level of behavior that I think is a wonderful thing.”

“Now, I would say the one thing that I found that is dramatically different Is the cash flow liquidity piece. That I think is very tricky to get that right. That takes a lot of thought and a lot of anticipation and forecasting and thinking through how you're go…”

“Public pension funds are some of the most liquid pools of capital in the world, and there's a lot of implications for that. You have liquidity at the times you need it. You can go in liquid when illiquidity is being rewarded.”