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  • Hi this is Tutor Nick P and this is Proverbs 134. The proverb today is throw good money after

  • bad. Okay. Let's take a look at the note here. The proverb is often used in the

  • negative. When someone is warning other people don't throw good money after bad.

  • All right. Let's, let's look at the meanings here. The proverb is basically

  • warning someone not to try to recoup... recoup means to get back your losses by

  • spending more money on the same thing. Now there could be some exceptions.

  • Sometimes it could just be a temporary drop in the price of something. Actually

  • that's what ends up happening. This is this is the mistake a lot of people make.

  • They think it's just a temporary drop and they think hey maybe it's a good

  • buying opportunity. So they put a lot more and they were not right . It just

  • continued to go down and down and down So this is trying to warn you not to do

  • that. So try to recoup more money on the

  • same thing. It can also mean to waste additional money after wasting money at

  • least once before. So we say you're throwing good money after bad. All right.

  • So let's look at the first example here. Jack tried to recoup his losses on that

  • stock by doubling down. Now remember if you double down like the stock goes down a lot

  • and you I lost a lot of money. I got to make up that money and then you think

  • well it's probably going to go back up or at least go back up to the price I've

  • bought it at and then you think you can make money by buying more now You still..

  • Usually this person still has faith in that stock, but if you're wrong you're

  • making even a bigger mistake. You already lost money but you can lose even more . So

  • but in the end he only ended up throwing good money after bad

  • because that stock continued to decline further. It kept going down and down and

  • down. So this is what people are warning you about trying , not to do, You might be better

  • off to just take the loss on that one, And if you think another stock is more of

  • a sure bet put the same money into that. Maybe, maybe

  • your chance of gaining back more money will be better that way.

  • All right. Let's look at number two. Even though most solar and wind companies

  • end up going bankrupt. Yeah. Yery few of them make money and they usually only

  • last for a few years, Most of them I don't want to say every one but most of

  • them end up losing money and going bankrupt and going out. Many governments

  • still throw good money after bad and continue to invest in them, So even

  • though they're not proven to make money, they're actually kind of proven to lose

  • money and lose a lot and sometimes government subsidized them as well.

  • It's trying to help the industry to go or to grow, get better but they you know,

  • as of yet there's... they're very, very few are actually profitable. So in this sense,

  • we might say that they're throwing good money after bad. At least if they want to

  • get money back. All right. Number three. John tried to save his record store

  • after the Internet downloading became popular, but he ended up throwing good

  • money after bad because the trend was for people to get their music from the

  • Internet and most record stores eventually went bankrupt. So here maybe

  • for personal reasons he loved his store. If you want to save it but you know when

  • you could kind of see the way the trend is going and the chances of you

  • surviving is very little and trying to put more money into it it's probably not

  • a good idea. Maybe it's better to go in a different direction

  • Open a different business or something because most of those record stores were

  • not survivable after that. Even some of the big-name record stores ended up

  • going bankrupt. Okay. Anyway, I hope you got it. I hope it's clear. Thank you for

  • your time. Bye-bye.

Hi this is Tutor Nick P and this is Proverbs 134. The proverb today is throw good money after

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英語の家庭教師ニックPの箴言(134)悪い後に良いお金を投げる (English Tutor Nick P Proverbs (134) Throw Good Money After Bad)

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    anitawu12 に公開 2021 年 01 月 14 日
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