Diversify your investments from "summary" of The Richest Man In Babylon. Illustrated by George Samuel Clason
The wise man understands the importance of spreading his wealth across different types of investments. By diversifying his investments, he minimizes the risk of losing everything if one venture fails. Instead of putting all his eggs in one basket, he distributes them among various opportunities, creating a safety net for his financial future. Imagine a farmer who plants only one type of crop. If a drought or disease strikes, he stands to lose everything. But if he plants a variety of crops, he increases his chances of a successful harvest. Similarly, a wise investor spreads his money across different assets, such as real estate, stocks, an...
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