$3.6M Liquid vs $50M Debt

Nick Huber shares details about his current liquid assets and conservative approach to wealth management.

"I'm not that liquid right now. I haven't sold a company or any properties. I personally guarantee over $50 million of debt and I only have $3.6 million liquid, so I'd be foolish to start spending that on houses, cars, and boats.

I keep about $1 million in cash and another $2.5 million in public equities that I can create cash flow from. I buy stocks and hold them for a long time - I'm way too dumb to try to guess what's going to happen inside of a market. I buy companies like Google, Facebook, Microsoft, and Apple - all the best companies in the world that got 50% cheaper. I'm going to hold them for 5 years and I'm sure that I'll do fine."