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And so, Crispin and I were having lunch in late 2003. Jeremy called and said, “Would you like to join the assetallocation team?” So he wanted a sort of non-quanty view input into the assetallocation process. And GMO was still sitting on a massive emerging market position in the assetallocation team.
As a practical matter, the largest and most liquid stocks attract more research coverage from Wall Street brokerage firms because their institutional shareholders represent a large audience for analysts’ research opinions and their higher trading volume offers an opportunity to generate commission income.
As a practical matter, the largest and most liquid stocks attract more research coverage from Wall Street brokerage firms because their institutional shareholders represent a large audience for analysts’ research opinions and their higher trading volume offers an opportunity to generate commission income.
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