Illiquidity Quotes & Sayings

Do not accept principal risk while investing short-term cash: the greedy effort to earn a few extra basis points of yield inevitably leads to the incurrence of greater risk, which increases the likelihood of losses and severe illiquidity at precisely the moment when cash is needed to cover expenses, to meet commitments, or to make compelling long-term investments. — Seth Klarman

I'm not supposed to live without you. And you're not supposed to live without me. We're in this life together. Without each other, we're not really living. — Rebecca Donovan

My very survival has been based upon my belief that there is a higher purpose to this life: that principles are a reward in and of themselves. I cannot, therefore, look forward in despair, but rather with higher hopes for all in mind and with the determination that I might help to reach those heights. This — R.A. Salvatore

The legislation I introduced was, according to the veterans' organizations, the most comprehensive piece of legislation offered for them in many decades. Sadly, despite the strong support of the American Legion, the Veterans of Foreign Wars (VFW), the Disabled American Veterans (DAV), and other organizations, my legislation only received fifty-six votes on the floor of the Senate - all of the Democrats, but only two Republicans. We needed sixty votes. It turned out that Republicans loved veterans very much, except when it came to funding their needs. If — Bernie Sanders

Simi? What was it you told me once about families?
We have three kinds of family. Those we are born to, those who are born to us, and those we let into our hearts. — Sherrilyn Kenyon

His system of morality was the most benevolent and sublime probably that has been ever taught, and consequently more perfect than those of any of the ancient philosophers ... He was the most innocent, the most benevolent, the most eloquent and sublime character that ever has been exhibited to man. — Thomas Jefferson

Don't short many stocks. Instead they hedge for tail risk with CDS and options. They are happy to incur illiquidity — Seth Klarman

A wave is never found alone, but is mingled with the other waves. — Leonardo Da Vinci

She felt that the diving image of Mme Stahl that she had carried in her soul for a whole month had vanished irretrievably ... And by no effort of imagination could she bring back the former Mme Stahl. — Leo Tolstoy

He's hopeless," sighs Suze. "You know, he can name about a hundred breeds of sheep but not one of Madonna's husbands. — Sophie Kinsella

Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs. — Seth Klarman

Miltons were, on the whole, the most enthusiastic poet followers. A flick through the London telephone directory would yield about four thousand John Miltons, two thousand William Blakes, a thousand or so Samuel Colleridges, five hundred Percy Shelleys, the same of Wordsworth and Keats, and a handful of Drydens. Such mass name-changing could have problems in law enforcement. Following an incident in a pub where the assailant, victim, witness, landlord, arresting officer and judge had all been called Alfred Tennyson, a law had been passed compelling each namesake to carry a registration number tattooed behind the ear. It hadn't been well received
few really practical law-enforcement measures ever are. — Jasper Fforde

I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage. — Stephen A. Schwarzman