"Warren Buffett never expects liquidity. He said, “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years” and “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” This attitude focuses on investors on the business behind a stock, not the stock’s price."
This is quite problematic today with money market ETFs. There are vast sums held in these securities that are essentially people's savings. Should they 'break the buck' or the market closed, people lose not just access to stocks but their cash.
"Warren Buffett never expects liquidity. He said, “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years” and “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” This attitude focuses on investors on the business behind a stock, not the stock’s price."
This is quite problematic today with money market ETFs. There are vast sums held in these securities that are essentially people's savings. Should they 'break the buck' or the market closed, people lose not just access to stocks but their cash.