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Stocks are amongst the most liquid assets, only topped by bonds. But many rich people are rich in private companies, apartments/houses, and boats, which are all
by tomp 4y ago
Stocks are amongst the most liquid assets, only topped by bonds. But many rich people are rich in private companies, apartments/houses, and boats, which are all much less liquid.
- conformist 4y agoYeah, exactly. Perhaps the OP meant unlisted shares or something like that?
- mypastself 4y agoLiquidity is indeed a spectrum, but I assume the OP means “cash”: physical currency, bank deposits etc.
- lupire 4y agoThat "etc" is extremely load bearing as it pertains to the OP question and not a technical detail of financial engineering.