Ray Dalio

In other words, there's a lot we can't take for granted.

And I think we want to cherish those things, put those things above everything else.

But you can't take it for granted.

I have a principle.

If you worry, you don't have to worry.

And if you don't worry, you need to worry.

Because if you worry- You're pro-worry.

If you worry, then you're more inclined to prevent the thing that you're worried about.

So I think that the greater worry about some of these things is a good thing, you know?

Yes.

In other words, okay, now we won't take it for granted we worry about these things, so what are we going to do about it?

Well, civil wars and international wars are so horrendous that the most bold people who were, you know, trumpets blaring and going into that and so on, everyone came out of it with deep regret.

I mean, we can see, while we see it on the news and you can see that, but just imagine...

how horrendous the wars are.

So I think it's a cycle.

Your confidence and your boldness is increased by the distance that you have to your last wars.

No, no, no, no.

Many people have a lot of wealth and don't have much money.

They have illiquid assets.

Money is what you can transact.