Top positive review
24 September 2017
Should be read by all market participants ,students, book lovers. Several times in history of financial market it has been seen how best of fund manager can go wrong and how liquidity of a product can solely determine the price of an instruments. Excessive leverage used for investing in best research product may proof profitable for most of the times, but if it goes wrong once it can have acute placebo effect wiping best of funds. Big funds have failed most of the times not because of profitability, but for want of liquidity to sail themselves through crises, the investments they possessed to trade simply didn't have liquidity. Excellent piece of work.