Today's Word 👉 Liquidity

The ease with which an asset can be converted into cash without affecting its price.

October 09, 2025

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Liquidity (lih-KWID-uh-tee) (noun): The ease with which an asset can be converted into cash without affecting its price.

“Think of liquidity as the fuel that keeps your investments running smoothly—too little, and you might stall when you need cash the most.”

— Michael Lewis, The Big Short

In The Big Short, Michael Lewis’ character-rich and darkly humorous account of the 2008 financial crisis, he highlights how liquidity can turn markets from stable to chaotic in seconds. Assets like stocks usually have high liquidity, while real estate or collectibles might take longer to sell at a fair price.

SMARTER INSIGHT
Liquidity isn’t just about cash; it’s about how quickly and easily you can turn assets into cash to seize opportunities or weather storms. Being aware of an asset's liquidity helps you balance growth and safety in your portfolio.

USE IT TODAY
Next time you consider an investment, ask: How quickly could I sell this if I needed cash? Understanding liquidity can save you from being stuck in an illiquid asset when liquidity is most needed.

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