Photo Credit: Timothy Appnel-==-=-=-Here’s the quick summary of what I will say: People and companies need liquidity. Anything where payments need to be made needs liquidity. Secondary markets will develop their own liquidity if it is needed.Recently, I was at an annual meeting of a private company that I own shares in. Toward the end of the meeting, one fellow who was kind of new to the firm asked what … Read entire story.
Source: The Aleph Blog