Detailed notes of Paul Johnson's presentation from the Spinoffs Conference brought to you by The Edge which took place on June 6th 2018.See part one here.
Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid?

[00:29:48]
Audience: And then [inaudible 00:29:48] say, liquidity, is that the number of public stock [inaudible 00:29:55] liquidity in general...Is that falling to the trading capital advantage?
Paul Johnson: Yeah, liquidity is a tricky thing. We have it well defined. Paul and I have a definition. I'm not sure if necessarily everybody would agree. But liquidity is...

