3 ms·

> No they don't, not if they have to spend the money now -- like on a down payment for a house If they have to spend the money now, it would already be in cash

• crazygringo 4y ago
  That doesn't make any sense and has nothing to do with the discussion at hand. But if you need to spend the money now, you sell the stocks now so they become cash, which means the stock value is identical to the cash value. That's the whole point. There's no difference between "paper value" and cash value. They're the same. I mean it might take a couple of days for the trade to settle so you can wire it, but that not the point. The value is just as instantaneous and liquid as cash for all practical purposes, for publicly traded companies generally.
  • funstuff007 4y ago
    nobody's buying your model of the world and its infinite series of instantaneous of nows.