Term
Liquidity
The ability to buy or sell an asset quickly without moving its price much. In a panic it can vanish exactly when it's urgently needed.
Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, William Poundstone
Explained in
- Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, William Poundstone
- When Genius Failed: The Rise and Fall of Long-Term Capital Management, Roger Lowenstein
The ability to sell an asset quickly without a noticeable loss in price.