Michael Pettis Quotes & Sayings
Enjoy the top 1 famous quotes, sayings and quotations by Michael Pettis.
Famous Quotes By Michael Pettis
well-functioning market requires all three types of investors for socially beneficial projects to have access to cheap capital. Value investors allocate capital to its most productive use. Speculators, because they trade frequently, provide the liquidity and trading volume that allows value investors and relative value traders to execute their trades cheaply. They also ensure that information is disseminated quickly. — Michael Pettis