Final answer:
The adage "Don't put all your eggs in one basket" emphasizes the importance of diversification in both gambling and trading. It advises against concentrating all resources into a single investment or gamble.
Step-by-step explanation:
An important adage that gambling and trading share is "Don't put all your eggs in one basket." This means that whether you are gambling or trading, it is wise to diversify your investments rather than risking everything on a single endeavor. Both gambling and trading can be unpredictable, and diversification helps to minimize risk by spreading it across various options.
In the context of trading, this diversification often involves investing in a variety of stocks, bonds, or other securities instead of concentrating funds in a single stock or sector. The principle of not concentrating all resources in one place can protect investors from total loss should a single investment fail. While this does not guarantee success, it typically balances out gains and losses, potentially leading to more stable long-term financial outcomes.