“Nobody ever lost money taking a profit.”
— Bernard M. Baruch
Simplified Meaning:
When someone makes a profit, it means they've gained more money than they spent. This saying reminds us that it's wise to be happy with any profit because making money is always a good thing. It’s better to take a small profit than to wait too long and risk losing what you’ve earned. Imagine you bought some apples for $1 each and sold them for $2 each. You've made a profit of $1 per apple, and deciding to keep this profit is always safe. Sometimes, people might get greedy and wait for an even higher price, but if the price drops instead, they could lose money. In real life, consider the stock market. If someone buys a stock at $50 and it goes up to $60, they have a $10 profit. Selling the stock at this point ensures they make money. Waiting might lead to the stock price falling, and they could end up with less profit or even a loss. This advice helps people make careful and smart decisions with their money.
