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What does it mean?
It is used as a word of advise. Not to invest all your resources in one project because it is a risk. If your project got failed you'll lose all the assets.
For real it is sound advice.You need to spread out your investments in companies at different levels of operation as an example.Anything you need to do opt for diversity.
Dont Risk it all in the same spot
In all aspects in life, be it financial, emotional, physical or mental, spread out your capabilities. Do not focus on just one thing. We have the capacity for diversity. This reduces significant risks and encourages bountiful triumphs.
Make many investments and don't risk total loss of your asets if you put them all in one place.
It means to diversify your holding or prospects so that you get the full benefit of a wide range of oppurtunites. If one or more opportunites do not succeed, then there is a chance that the other diversified interests might bear some fruition or success.. It spreads your risks.
Contrast this to putting all your resources in one psotion and losing it all in that one vector or venture..
1) Do not deposit your money in one bank only because when that bank gets bunkrupt, you will lose. In Philippine banks (for example) where deposits insured are up to P500,000, I used to spread my savings/deposits to four (4) banks in a year.
2) If you are to put up businesses with considerable amount of capital, better diversify into at least3 lines or kinds of business : For example one in construction, one in trading (buy and sell) and another in manufacturing construction material. When one fails, you still have two businesses to develop and be able to redeem whatever loses suffered with the first one.
3) if you plan your life, build only small house and buy not so expensive car so that you will still have savings left in the bank which you can use in times of emergencies, save and save, and when those savings reach a considerable amount, then you will be ready to put up a business in your country of origin if that is your goal.
It's an advice, meaning to spread your resources in an attempt to preserve as much as you can in case you lose or fail.
It means not to use all your ideas at once, keep them for later, save them, do not share to anyone your ideas, and just use part of them.
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