"the biggest mistake is to not 'act'"
And DO WHAT?
The only half specific thing he mentions is the nebulous "protect your assets."
Who are these clowns talking to? Other traders? Someone with a stock or bond portfolio?
No one bothers to say what this means to the average little guy who doesn't buy anyone's paper promises.
How does one "protect their assets" and what does he mean by "assets?"
When he says people must "act" what does that mean? What specifically are people supposed to do?
These kinds of pronouncements sound like warnings to people already in the know on some inside circle. They never sound like advice meant for the average Joe.
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