## Choosing Between Marketable and Non-Marketable Securities: A Practical Guide
When building an investment portfolio, one of the first decisions you'll face is understanding what is marketable securities versus their non-marketable counterparts. While both serve distinct purposes in wealth building, they operate under fundamentally different rules—and that matters more than you might think.
### The Core Difference: Liquidity Is Everything
The simplest way to grasp the distinction is through one word: liquidity. Marketable securities like stocks, bonds issued by public companies, and exchange-

## Tesla's EV Foundation: Why the Unglamorous Business Still Powers the Greatest Ambition
The narrative around Tesla has shifted dramatically. Robotaxis, humanoid robots, and artificial intelligence have become the darling topics of tech investors. Yet this storyline obscures a critical reality: **Tesla's electric vehicle business remains the financial engine that fuels every ambitious bet the company is making.** While EVs may have lost their position as the most exciting chapter in Tesla's growth story, they remain the indispensable platform upon which all future ambitions rest.
## The Cash