Does the ‘Myth of Liquidity’ Lead to Incorrect Discounts?

Business Valuation UpdateVol. 12 No. 12
Special Reports
December 2006


“We’ve agreed to accept the myths that our markets are liquid, marketable, and resilient—in other words, there are large numbers of traders, a large volume of trading, and trading is efficient and cost-free,” Ashok Abbott, MBA, Ph.D (West Virginia Univers ...