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Navigating Supply, Demand, and Market Liquidity
This chapter explores the essential concepts of supply and demand in investing, emphasizing the importance of liquidity and market dynamics. It discusses the risks associated with illiquid assets, especially during market volatility, and the significance of planning for various outcomes while remaining open to probabilities. Through historical examples and relatable anecdotes, the speakers highlight the need for resilience and strategic thinking in investment approaches over different timeframes.