Invest Like the Best with Patrick O'ShaughnessyAlan Waxman - Private Credit and the Modern Financial System

There’s No Semi-Liquid

32:53–33:50 · 57s

Waxman blasts the idea of 'semi-liquid' private vehicles, arguing you’re either liquid or illiquid—full stop—and warns that retail wealth money is pro-cyclical and flees at the first sign of trouble.

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