
Vineer Bhansali: Physics, Tail Risk Hedging, and 900% Coronavirus Returns – #43
Manifold
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Is It a Good Idea to Sell Liquidity?
Selling liquidity is a classic example of selling insurance and saying, i don't need the liquidity unit to liquidity, so pay me for it. Our approach is actually opposite. We value our liquidity, and we believe that if liquidity is being given to u cheaply, you should take it. And will willingly buy liquidity from somebody else who is willing to give it to us when liquidity is cheap. A case o coming before. Before entering this crisis, back in january or february, liquidity was for sale. You could get as much money as you want. Rates were very zero. But people did not, at that time, show a preference for that liquidity. The problem is t
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