Quote by Mark Twain
There are two times in a man's life when he should not speculate: when he can't afford it, and when he can.
Summary
This quote suggests that there are two situations in which it is unwise for a person to engage in speculation or risky investments. The first situation is when someone cannot afford the potential loss that comes with speculation, as it could have dire financial consequences. The second situation is when an individual has the financial means to speculate, but doing so may lead to overconfidence, lack of thorough analysis, and potentially reckless decision-making. In both cases, the quote advises against speculating, highlighting the importance of financial responsibility and rational decision-making.
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By Mark Twain