Thinking About Timberland Investment Exposure to Interest Rates and Default Risk*

| comment (1) in Forest Finance & Economics, Forest Strategy, Forisk, Risk Management, Timberlands, Wood Flows & Cash Flows

According to The Economist[1], “Private equity benefits from a fig leaf of illiquidity,” which covers up for delays when valuing investment assets and obfuscates their true volatility. The inability to confirm value in real-time or robustly quantify risk sounds, to more…