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102 sats \ 6 replies \ @davidw 31 Mar freebie \ on: Discuss this Quote- Miguel de Cervantes BooksAndArticles
100% agree with your interpretation Ruby.
Furthermore, putting all your eggs in one basket need not be limited to investments/wealth. Haven’t read his work but I also read it that you should neither attach happiness, livelihoods or enjoyment of possessions to a single short-term outcome. That is also a way of putting all your eggs in one basket.
Here’s my 2 sats:
- Preservation = Diversification
- High Growth = Focus / All-in
- Average Growth = Diworsification
- Zero Growth = Fiat
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I like the addition of diwrosification here. Diversification for diversifications sake.
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My initial reaction to the eggs in one basket part wasn't financial or investment oriented. It could more generally be applied to happiness, satisfaction, your social life, love life, etc. Of course my reading may not be accurate given the original context. I read it years ago, but have little memory of specifics.
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Totally agree with this and was thinking about that when I posted the quote. I thought about discussing the financial angle because many of us as bitcoiners have most of our eggs in one basket.
Had a long comment, then scrolled down and realized that you'd said it all much more succinctly.
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