AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Cliff Asness: Timely & Timeless Investment Wisdom | #528
The Meb Faber Show - Better Investing
Transparency Over Illusion: The Cost of Market Ignorance
The problem with private equity lies in a lack of price transparency, which challenges the credibility of valuations. Unlike public markets, where prices fluctuate in real-time, private equity firms do not have the same obligation to report market conditions, which leads to potential discrepancies in asset valuation. Investors may debate the returns generated, but the underlying volatility in asset pricing should be acknowledged as a defining factor of investment strategy. The volatility observed in assets like Bitcoin is suggested to be a characteristic asset feature rather than an inherent flaw. This perspective emphasizes the need for greater transparency and understanding of market dynamics in private equity investment.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode