Embrace or Avoid Illiquidity?
June 19, 2014 at 09:45 AM EDT
There are several reasons to avoid illiquidity in investing, and some reasons to embrace it. Let me go through both: Embrace Illiquidity You are offered a lot of extra yield for taking on a bond that you can’t easily sell, and where you are convinced that the creditor is impeccable, and there are no […] View the full post at: Embrace or Avoid Illiquidity? Related posts: Putnam Liquidates $12 billion Prime Money Market Fund Bankruptcy Rules Thwart the Recovery Steve Jobs Still Actively Involved in Apple’s Key Operations
