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Is Illiquidity More of a Bug Than a Feature?
Is performance mixed with the volatility, a result of illiquidity? And in this instance, is illiquidity sort of more of a feature than a bug? Partially, yes. So there are two publicly traded farmland stocks, farmland, partner, and blabstone. And indeed, we see they stock be much more volatile versus the underlying asset and the farmland index. But trade, if I can use this as a jumping point to talk about volatility as a proxy for risk, because when we talk volatility, we kind of think risk.