The liquidity curse for investors
Instant ability to trade tempts many to make bad decisions
Related reading
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
The Fed’s delicate balancing act over liquidity
Optimism and greed complicate the central bank’s decisions during market disruptions
Beware the three Ls: leverage, liquidity and lunacy
In the long run bubbles always deflate, often when least expected
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence
Only two events have mattered in my 30 years of investing
Markets have shrugged off everything from geopolitics to financial crises