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March 10, 2010, Featured Articles, Research, Company/Trade Group News, Advisors/Planners/Reps

The Joy of Illiquidity

By Kerry Pechter   Wed, Mar 10, 2010

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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