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Larry Swedroe: Liqudity Risk Not Worth It

TedTed
in The Bullpen
FYI: Economic theory posits that liquidity risk should be an important determinant of security prices, with investors demanding protection (in the form of a premium) for the future challenge to trade in a cost-effective and timely manner.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-liqudity-risk-not-worth-it?nopaging=1
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