I think it's important to have a good hard failure when you're young... I learned a lot from that. Because it makes you kind of aware of what can happen to you. Because of it, I've never had any fear in my whole life when we've been near collapse and so on. I've never been afraid.
The only constant is change, continuing change, inevitable change, that is the dominant factor in society today. No sensible decision can be made any longer without taking into account not only the world as it is, but the world as it will be.