The safest way to double your money is to fold it over once and put it in your pocket.
About this quote
- What does it mean?
- Preserving capital is often more secure than seeking high-risk profits.
- In plain terms
- The safest investment is keeping your cash safe instead of gambling it.
- What can you take from it?
- Keeping what you have is safer than trying to double it quickly.
Where it applies
Putting it to work
Questions to consider
- What risks are you taking with your money?
- Is safety worth lower returns?
Another view
Inflation can erode the value of money kept too safely.
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