Cost of Liquidity (suggested edit)

[afterworkguinness]

Hi @David Harper CFA FRM CIPM ,
I'd like to recommend a minor edit to the study notes on "Messages from the Academic Literature on Risk Measuring for the Trading Books". At the bottom of the excerpt on exogenous liquidity, I believe including this line from the source will help add context

"..where Pt is today’s value of the position. CoLt is added to VaR to form a liquidity-adjusted VaR."

 

[David Harper CFA FRM]

Thanks @afterworkguinness

 

[BerndSE]

Thants @afterworkguinness .
Your addition makes the difference here! Please include!