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And it did have to sell rapidly.
But Professor Pedersen says it is already clear, for strategic reasons, that it's better to hold securities for a very long time or to sell rapidly when conditions worsen — but not to equivocate.
They might offer you less money than the market normally would, but you'll be able to sell rapidly.
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Nonfiction books like "Life," the Keith Richards memoir, and "Cleopatra," a biography by Stacy Schiff, have sold rapidly in digital form.
Independent booksellers around the country said it quickly emerged as their biggest book of the summer, selling rapidly despite its doorstopper appearance (1,016 pages) and hefty price ($35 undiscounted).
Warren E. Buffett's new negative-interest bonds sold rapidly yesterday, even after the size of the offering was increased to $400 million from $250 million, with a possible offering of another $100 million to cover overallotments.
Soon after, it began selling rapidly (cover price: €28) through online orders and in the various independent bookshops that De Middel had managed to convince to stock a few copies.
But those tests are only as good as their designers' imaginations.Still, better, perhaps, to take the positions in liquid instruments, which can be sold rapidly, than in illiquid loans or in private equity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com