But it’s the same for all non equity assets. As no one has everything in cash. A private company owner needs to sell his company A high net worth investor in

But it’s the same for all non equity assets. As no one has everything in cash. A private company owner needs to sell his company A high net worth investor in a fund will have signed up to maximum redemptions and may be locks out during a crisis Most assets have varying liquidity and you can only surely judge net worth as its present book value