Ray Dahlue, the founder of Bridgewater and Associates, who's worth $19 billion,

who has built one of the most powerful companies in America,

booked he's written that every executive CEO must read principles,

changed his position on cash recently, but I first want to

read to you what he said in 2020 about cash. On January 21st, 2020, he said cash is trash,

get out of cash, there's still a lot of money in cash. However, just recently, he changed his

position and said the following. He no longer thinks cash is trash, he thinks that the short-term

interest rate is now about right, meaning it's a good time to have cash. So now, if you're

listening to the same, wait a minute, how do you change your position from cash being trash

to cash, not being trash? And Buffett, when he had $128 billion in cash, everybody was saying,

well, he's not doing the right thing. And just recently, Q2, Buffett was sitting on $105 billion

of cash, how can Dalio say something like this? If you follow his content closely, he says the

following in his book. Here's a tweet from him in 2019, August 31st of 2019, he says,

if you don't mind being wrong on the way to being right, you'll learn a lot and increase your

effectiveness. But if you can't tolerate being wrong, you won't grow, you'll make yourself and

everyone around you miserable. Here's one of the principles, recognize that mistakes are

natural part of the evolutionary process. And here's a man who's worth $19 billion and says,

cash is no longer trash, right? So for you, if you listen to this, how do you process this?

I follow what both of them says. I listen very closely to what Ray Dalio says, one of my favorite

interviews I've done on the past. And I follow very closely what Buffett says because Buffett's

the goat, based on what a lot of his peers say, what he's done is unbelievable the last six

years. He's somebody, everybody follows their competitors, his enemies, his peers, everyone follow.

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