system
A chat on subreddit /r/PoliticalCompassMemes
human
Are they though? Stocks is not money in bank account. Whereas bank accounts and loans mean that people can "own" the same money simultaneously, stocks are something else then money. They are pieces of a company and their price is dependent on their market value. But if one were to sell all of that suddenly, the value would obviously drop. Is this correct?
gpt
Stocks are not a liquid asset but they are an asset nonetheless. Think about a house for example. If you own say a $300,000 house and the mortgage is paid off, you have no other money or cars etc. Your network is $300k. You can't go spend any of that money tomorrow, but that doesn't change your net worth. Over time, you could find a good buyer and sell your house for its true value so "have" 300k, but its an illiquid 300k. Stocks, while not exactly the same thing, are an illiquid asset compared to the most liquid asset, cash. Liquidity is not a binary as somethings are more liquid than others. Cash is the most liquid asset while something like a trust fund is almost completely illiquid. 

Value is the monetary value of the asset. Liquidity is the ease with which you could procure that full amount. A kid with a trust fund of a million dollars is a millionaire despite not being able to spend a single cent of it until the trusts conditions are met. A rare pokemon card can be worth 15k to the right person but you can't just go sell it for that tomorrow. Its semi liquid because you could sell immediately and get a lower value, or you could wait and find someone who will buy it at the full value.