"In financial markets, illiquid assets often command a premium - investors accept lower liquidity for the prospect of higher returns"
Illiquid assets require a discount. They provide higher return because you can buy them cheaper than the equivalent-but-liquid asset.
If it holds for careers, it would bolster the case for hiring illiquid candidates, but not for being one.
Right this is what I have been thinking as I read this as well.
It does seem to be a primary downside for illiquidity unless one really has high conviction
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"In financial markets, illiquid assets often command a premium - investors accept lower liquidity for the prospect of higher returns"
Illiquid assets require a discount. They provide higher return because you can buy them cheaper than the equivalent-but-liquid asset.
If it holds for careers, it would bolster the case for hiring illiquid candidates, but not for being one.
Right this is what I have been thinking as I read this as well.
It does seem to be a primary downside for illiquidity unless one really has high conviction