“Money is (by definition) the most liquid asset, and yet is not productive. Productivity is only possible with illiquid, production capital. But this must be purchased with liquid, financial capital. The more capital intensive your business, or the higher returns you would ideally like to make, the longer the period over which you will have to commit to such an arrangement for it to bear fruit.”

Reply to this note

Please Login to reply.

Discussion

No replies yet.