In my last post, I argued that illiquidity is not a minor problem restricted to a few stocks. In fact, it can affect all stocks, at least during some time periods, with its effect varying across stocks. I also noted that much of financial theory is built around the presumption that markets are liquid.
Asset allocation for illiquid markets
Asset allocation for illiquid markets
Asset allocation for illiquid markets
In my last post, I argued that illiquidity is not a minor problem restricted to a few stocks. In fact, it can affect all stocks, at least during some time periods, with its effect varying across stocks. I also noted that much of financial theory is built around the presumption that markets are liquid.