Julian C. Salisbury on Managing Global Assets
Masters in Business
00:00
How to Prepare for a Liquidity Crisis
When people compare and contrast today versus 2007, 2008, what you hear from a lot of people is there's some fairly heady valuations. But I would say generally, there's less leverage in the system. You have fewer hedge funds making long-dated liquid investments with three-month capital. There's just generally more duration in the liability structure so that people can withstand a storm.
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