From famed investor Howard Marks: “The more I’ve thought about it since writing Liquidity, the more convinced I’ve become that there are two main reasons why people sell investments: because they’re up and because they’re down.” | learn more
“Most people focus too much on being good, and not enough on how liquid their skill is – how many people know how good they are.” | learn more
A post from Henry Ward of Carta on the launch of CartaX. “It is an odd artifact of history that private markets have zero liquidity, public markets have hyper-liquidity, and there is nothing in between.” | learn more
Investors in VC funds (and other private equity funds) have to lock up their cash for a long time, trading liquidity for potentially higher returns than public markets. Spice VC is purported to be the first to address this by […]