Value in 60 Seconds: When to Start Preparing for Downturn?

You want to be managing risk on a day-to-day basis. It's in all of our best interests that risk matters. A world without risk means people just throw money willy-nilly after whatever, and we have an enormous amount of value destruction because people spend billions of dollars on fusion energy or rocket ships to Mars or things that aren't going to create any value for society, but only line the pockets of the people selling the narrative. Or the crazy idea. That leads to destruction for us all. When there's no risk, people don't discern. I'm an optimist. I want to believe people are going to be discerning again, and I'm going to believe that risk is always going to matter at least a little bit and hopefully a whole lot just around the corner. Yeah, I think you're always preparing for that downturn, and if you're not, I would for sure be more focused on that today.