...balance sheets for very long. Investors wishing to invest in real estate in the capital markets should consider investing in a closed end fund. Whilst the investor is unable to redeem shares, he avoids the risk of the manager mismanaging liquidity and ... the fund being suspended. Because the capital markets are a reflection of human behaviour and endeavour, the two most important subjects to be considered in investing are market cycles and risk. As Mark Twain is thought to have said, "History ... to lose capital usually end up the most disadvantaged. When investing in capital markets, investors should think very carefully and be wary of open-ended funds that invest in illiquid assets like real estate and small private companies.