[kotlin2]

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]

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]

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

[lotsofpulp]

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