Quote by Ralph Waldo Emerson

It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires ten times as much skill to keep it.

It requires a great deal of boldness and a great deal of cau

Summary

This quote highlights the contrasting qualities necessary for financial success. "Boldness" refers to taking calculated risks and seizing opportunities, while "caution" emphasizes the need to evaluate potential pitfalls and proceed with care. This indicates that building wealth requires a delicate balance between adventurous decisions and prudent choices. Additionally, the quote suggests that acquiring a great fortune is only the first step. "Ten times as much skill" is needed to preserve wealth, implying the ongoing challenge of managing and growing one's assets. Overall, the quote underscores the complexity and effort involved in attaining and retaining significant financial success.

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By Ralph Waldo Emerson

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