True or false: during financial crises, public equities sell at greater discounts than private equities.
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I’d argue this is a false comparison since public equity prices every millisecond and trades often. PE is the opposite. Apples to oranges.
True, there are a bunch of differences that may make these two classes of assets not worth comparing. With that said, let me try to anyways: Were there better deals to be had in public market equities or private market equities during the GFC of 2008?
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Private.
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Really? Is that because public equities, by virtue of being larger and public, had much more access to credit during the period of distress?
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