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March 10, 2010, Featured Articles, Research, Company/Trade Group News, Advisors/Planners/Reps
The Joy of Illiquidity
The legendary Roger Ibbotson told money managers that there’s hidden gold in low-turnover stocks.
Illiquidity was a prime suspect in the recent financial crisis. So it was curious to hear someone praise the virtue of illiquidity at the annual Morningstar/Ibbotson Conference in Orlando last week.
But when Roger Ibbotson talks, people listen.
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