The irony of investing life is….we never learn from history / our past experiences / others experiences (that’s asking too much)
We’re too good at converting a liquid asset into an illiquid asset
And trust me….I see enough people horribly squeezed for liquidity when the need arises, just because they solidified (literally) a liquid financial asset into an illiquid asset (thinking it’s quite a liquid one)
As my Telugu language subject teacher at school used to taunt us some times…. we can take a horse to a pond, but the horse has to understand to drink it itself – that’s an extreme statement for a 7 th grade kid to understand, though 😀
My liquidity maintenance thoughts are inspired from seeing the suffering of these people who are Asset Rich but Liquidity Poor (not as they see it, but as seen in reality to their lifestyle / other costs around them)