Re:Quant Investor Cliff Asness Hasn’t Smashed His Screen Thi...
by dnadler on Thursday October 11, 2018 @02:51PM
(#18196065)
Efficiency and liquidity are not the same thing.
Liquidity is important, but efficiency is more important. When we identify fraudulent companies, for example. The sooner the better, right?
Or, when we identify the next Google, and give them the resources (money) they need to build a new world-changing product. The sooner the better, right?
Liquidity is important, but efficiency is more important. When we identify fraudulent companies, for example. The sooner the better, right?
Or, when we identify the next Google, and give them the resources (money) they need to build a new world-changing product. The sooner the better, right?