bc0e6d7f_ue_Investing__Timeless_Reading__Description
[Title] Marketability and Value: The Illiquidity Discount [Download] The Value Of Liquidity(Download paper)liqdisc.xls: Spreadsheet to value liquidity [Description] 
Investors prefer more liquid assets to otherwise similar illiquid assets, but how much at they willing to pay for liquidity? In this paper, we beign by examining our definition fo liqhidity and the empirical evideence on how much markets value liquidity. We consider the empirical evidence on the consequences of illiquidity for equity, fixed income and private equity markets and how best to inrorporate illiquidity into estimated value. Finally, we consider practical ways of estimating the illiquidity premium for illiquid companies (and ssets).
Value Investing: Timeless Reading
Description