The only difference between a public company and a private company (in this sense) is how liquid the asset is, said another way, how easy it is to enter or exit the position, and how regularly the holdings value is recalculated.
I could buy 100k of valve stock of someone tomorrow, and then find myself wishing I’d bought NVIDIA. I could buy NVIDIA tomorrow, and it could crash and I could wish I’d bought in to Valve.
That makes no sense.
The only difference between a public company and a private company (in this sense) is how liquid the asset is, said another way, how easy it is to enter or exit the position, and how regularly the holdings value is recalculated.
I could buy 100k of valve stock of someone tomorrow, and then find myself wishing I’d bought NVIDIA. I could buy NVIDIA tomorrow, and it could crash and I could wish I’d bought in to Valve.
Exactly. When it’s more difficult to enter and exit a position you need to take a longer-term view.