The value an investor or a fund puts on an asset in its own books, whether or not anything has traded there.
估值标记
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | The market did not cut Anthropic's valuation. It asked for a price. 估值标记 · 第 3 张术语卡 | A private investor can sit on a mark for a year; a public fund must publish a price every day. 私募的 mark 由投资机构自己或第三方按模型给，一个季度更新一次，中间可以纹丝不动；公募的 mark 是交易所每秒钟的成交价。同一个资产、两套标记制度，差出来的就是流动性折价——这篇里那 8,000 亿美元，大半是它，而不是基本面。 |