The marketability discount as applied in New York fair value proceedings remains a hot topic in business valuation and legal circles. In this episode, I interview business appraiser Greg Barber of Barber Analytics who recently published in the NY State Bar Association Journal a thoughtful and scholarly article on New York’s approach to the marketability discount – one not followed in the great majority of states – in which he analyzes the leading New York case authorities and proposes a flexible, economics-based approach to the discount’s application. You can read Greg’s article by visiting his Barber Analytics website. I also recommend listening to Episodes 1 and 2 of this podcast in which I interviewed another leading voice on the topic of marketability discount, Chris Mercer.