Equity in Meta is liquid net worth, unless you're a materially important share h... | Hacker News

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		kotlin2 on Oct 29, 2022 \| parent \| context \| favorite \| on: Since becoming Meta, Facebook’s parent company has... Equity in Meta is liquid net worth, unless you're a materially important share holder. The stocks you hold right now can be converted into cash easy at any point in time. In what world is that nearly equivalent to cash?

lotsofpulp on Oct 29, 2022 [–]

In the world that the cash (USD) from 2 months ago still buys you almost the same today, but equity in Meta buys you 25% less.

kotlin2 on Oct 29, 2022 | [–]

A world where your cash is held in British pounds? Why do you accept forex fluctuations but not security fluctuations?

lotsofpulp on Oct 29, 2022 | | [–]

I do accept the fluctuations, but the risk and magnitude are different.

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