Advise Quote by Jeffrey Archer
““I never advise friends to put money in anything,. said Danny. 'It's a no-win situation - if they make a profit they forget that it was you who recommended it, and if they make a loss they never stop reminding you. My only advise would be not to gamble what you can't afford, and never to risk an amount that might cause you to lose a night's sleep””
About This Quote
Investing in risky ventures can lead to guilt when profits arise and resentment when losses occur; better to avoid gambling money you cannot afford to lose.
In simple terms: Risky investments cause guilt and resentment.
Key Takeaway
Never risk money you can't lose.
Themes
finance
risk
ethics
Mood
cautious
pragmatic
Type
financial
ethical
When to use this quote
- stock trading
- friend loans
- gambling
Key Concepts
guilt
loss aversion
responsibility
Practical Applications
- set loss limits
- seek advice
Questions to Reflect On
- What defines a safe investment?
- How to handle profit guilt?
