A Quote by Seth Klarman

Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs.
Don't short many stocks. Instead they hedge for tail risk with CDS and options. They are happy to incur illiquidity
The relative illiquidity of small-company shares - which often contributes to their being undervalued - also increases their volatility.
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.
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.
The costs in F1 are extremely high, it is down to the regulators to control those costs through having stable regulations, every time you change the rules, there is a huge cost involved.
In our high-tech, high-skilled economy where low-skilled work is being scaled back, phased out, exported, or severely under-compensated, all the right behavior in the world won't create better jobs with more pay.
The government should not be in control of the private sector. You create opportunity, you create business, you create development, you hand it to the investor and start creating something new.
Food trucks give creative entrepreneurs the ability to cook with freedom and make what they love, meaning that they can create highly specialized meals without having the high overhead costs of running a restaurant.
Tennis is basically a game where you try to create an opportunity for yourself to finish the point, because you can't wait for the opponent to miss anymore. Well, if you create an opportunity and don't take advantage of it, you let the opponent back to even, then you are just starting the point over, so you have to take advantage of them.
This flag .. is raised not without costs, .. without the costs of having struggled for many years, without the costs of having lost so many lives in order to have a free and sovereign and good Afghanistan.
Costs for liability insurance are higher than costs for many procedures. There is a need to reform liability laws to stop out-of-control health care costs.
I do not see how we can rationally oppose high speed rail because of the environmental and other costs without considering the social and human consequences of the radical elimination of transportation that this entails.
Do you have to have emotional turmoil to create music? I'm not sure because I've never been without it
We play the whole summer. I do think guys should be compensated. Just like I think college players should be compensated as well. Unfortunately, it's not there. But I think it should be something, you know, there for it.
Greed is not defined by what something costs; it is measured by what it costs you. If anything costs you your faith or your family, the price is too high. Such is the point Jesus makes in the parable of the portfolio.
I will sign pro life bills. But what people are interested in is what we can do to create jobs, grow the economy, and keep our costs under control.
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