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Your reputation or your life:
which is closer to your heart?
Your life or your money:
which is worth more?
Growth or cutbacks:
which is more disruptive?

Where you place deep attachment,
there you will spend most deeply;
where you have heavy investments,
there you will take heavy losses.

Therefore,
to avoid disgrace, know when to be content;
to mitigate risk, know where to stop:
these make lasting endurance possible.

 


chapter notes:

Even in the original, this chapter reads like a tutorial on utility theory and risk management; I have emphasized this aspect.

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