Are You Exposed to Illiquidity? A WSJ Example of Risk

An interesting article from the WSJ regarding Blackstone and its pooled vehicle for the "masses":

Blackstone’s Big New Idea Leaves It Bruised - WSJ

We have spoken about liquidity in the past. It is such a major factor when it comes to real estate and global markets in particular. If you do not have liquidity, you can have quick and violent issues.

A decent question to ask: how are you determining if a portfolio is properly marked to market?

Here is one version of an investing "heat map" we have come across: