“It's OK to have your eggs in one basket as long as you control what happens to that basket.”
— Elon Musk
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Simplified Meaning:
It's alright to depend heavily on one thing, as long as you can make sure it stays safe. Think of someone who invests all their savings in one business. This can work out fine if they actively manage their business, making smart decisions and adapting to changes. If they ignore what’s happening, they could lose everything. For example, a farmer who grows only one type of crop could succeed if he takes care of the plants, protects them from pests, and ensures they have enough water. But if he doesn’t pay attention and there’s a drought or disease, he risks losing his entire farm. So, if you are going to rely on one big investment or plan, it's important to keep a close eye on it and be ready to act if problems come up.
Related tags
Control Decision making Financial strategy Investment advice Personal finance Responsibility Risk management Wealth management
