I never realized that basic accounting could be so controversial.
You exert effort over time, not instantaneously. As a result, your balance sheet goes up or down. If you are successful in generating more income then you spend/exert, you have realized a profit(and can increase your assets. If you are unsuccessful, you generate losses, and you decrease your assets/wealth and/or increase liabilities/debt.
"Static" assets are what remains when you stop working/spending.
"Dynamic" is what you do when your circulating fresh new value in the economies. "Dynamic" is a flow.
For any of us checking our static money status, we have the concept of our unspent dollars in our storage tanks, but we also have the concept of the total amount of dollars that passed through our hands over the course of the year. The sum of the total value (GDP) created in the economies every year is the sum of the money that has flowed in a given year. That is not limited by the total amount of money in circulation, nor limited by the total amount of money in our storage tanks.
If I make $70,000 / year I might have $100,000 in savings, or $800,000 in savings. Depends how old I am, how much of my yearly income I have put in my storage tank over the course of my life. It is a function of my aggregate income over time, but is not entirely a function of my income.
What we should be concerned about is single-point-of-failure in the management of our assets.
Consider the Irish potato famine; what enabled it was the fact that there was largely only a single variety of potato grown in Ireland at the time. The potato universe in Ireland got it all wrong at once, single point of failure. It doesn't matter how many potatoes were grown per year. What matters is all those potatoes were the same.
'Diversity' is simply a representation of a fundamental system design principle: non-single point of failure, not having all our eggs in one basket, massively parallel and redundant and thus resilient system design.
His comparison isn't -arguably- nonsense; it is nonsense.