[mashlol]

Even if only 5% of his NW is in cash, that'd be $50billion dollars in actual liquid cash. Even if it's 1% or less, he almost certainly has over $1bn in cash or practically liquid cash. That's already a dragon's hoard.

[WalterBright]

Only a moron would hold $50b in cash, and certainly not one who understands finance.

There are no Scrooge McDuck cash vaults.

[smallmancontrov]

Which is why the term "cash," to those in finance or familiar with its lingo, is understood to actually mean "short term treasuries" and other things you would find backing a money market account, unless the context very specifically calls for distinguishing those two things.

[WalterBright]

"actual liquid cash"

[stymaar]

If you can buy a $44B company on a whim, then what you hold is indistinguishable from cash.

[WalterBright]

Not true at all. You can borrow against stocks easily.

[stymaar]

[flagged]