How to pronounce “illiquid” in English

You've got to create the foundation, and then you have to take the steps to build each of the floors to get to that building.It's an illiquid asset, and you don't know what it will be worth at the time that you need to sell.

in a country. And there's a few reasons for that.Often our investments are longer term and are more illiquid than others.So our advantage is that we're willing to be longer-term investor, and we're willing to have something that's illiquid versus what others might accept.

That's what I mean by alchemy.OK. And by illiquid, just in case anyone isn't clear, illiquid means?So the bank would make a loan to a household or a company where they would say well, I will lend to you for 10 years for a mortgage

So the companies have a chance to earn a lot more.I had some stocks that were hard to get out of-- they were illiquid.

Often our investments are longer term and are more illiquid than others.So our advantage is that we're willing to be longer-term investor, and we're willing to have something that's illiquid versus what others might accept.Often they're larger in size, and that's not attainable by others.

to make a payment or to have cash.Actually if we all did that, they wouldn't be able to meet the demand, because they've used the deposits to finance highly illiquid loans.So there is something-- it's a sort of alchemy to believe that all of us have deposits in banks which are highly liquid