Comment by mixdup
16 days ago
It is much more feasible for Jeff Bezos to sell a billion dollars worth of Amazon tomorrow or Bill Gates to sell a billion dollars worth of MSFT tomorrow than it is for Elon to sell a trillion dollars of SPCX even over a year's time
I get that net worth is more than just cash, and that is not what I meant and it's pretty obvious that isn't what I meant. It may not just be cash on hand but if an asset is completely illiquid at it's purported value, is it actually worth that?
It is, because of the time component of money. Money is a way of storing the value of labor in a manner less affected by time. If you sell it all at once, its value is greatly reduced. All investments include that time component. Point-in-time net worth doesn't have much value as a measurement in part because of this.