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>However, the article ignores these real issues and suggests that liquidity itself is a bad thing (or something not worth having). The author does not suggest
by mistercow 14y ago
>However, the article ignores these real issues and suggests that liquidity itself is a bad thing (or something not worth having).
The author does not suggest that. Rather, he says that beyond a certain point, liquidity stops having any practical value.
- raymondh 14y ago> beyond a certain point, liquidity > stops having any practical value. Hogwash. Price improvement is "practical value". If you're selling an asset, there always practical value to have an immediate buyer willing to pay you a better price than the next guy. That's why auctions go to the highest bidder rather than the second higher bidder.
- deleted 14y ago[deleted]