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EP 336. An Inside Look at Managing Investor Capital

Focused Compounding

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Is There a Liquidity Discount?

I don't have anything against owning big, liquid stocks, as long as you're not paying a premium for that. If you're a long term holder of something, then you want to own the thing that has the highest returns, the highest yields and things ike. And that would be the thing that's a liquid. When people say there's an illiquidity discount, well, then that's probably what you want to buy. Een when they mark a stock down ecause it's a liquid or nothing like that. I just have a prolem whre you're paying a premium. Thet you know, your return is generally going to come a long term, from

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