Part 10/12:
Dalio emphasizes that during times of war, global economies often shift into command economies, markets close, and asset values plummet. Historical examples show that wealth can be wiped out in such periods, with some countries experiencing decades of poor asset returns.
However, Dalio does not claim that war is inevitable—only that the risk factors are increasing and that prudent investors should pay close attention. His advice is to stay diversified and prepared, especially if holding assets sensitive to geopolitical shifts like Tesla.