Posts Tagged ‘casey stengel’

Casey Stengel: To Make a Living

Posted by admin on Saturday, September 24, 2022

Meaning of Casey Stengel Money Quote: saying it takes practice to learn to effectively make a living. Casey Stengel said:
 
You have to go broke three times to learn how to make a living Quote
 

“You have to go broke three times to learn how to make a living” — Casey Stengel

 

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In this quote, Casey Stengel seems to be conveying that experiencing financial failure or losses is an inevitable and important part of the learning process for eventually achieving business or career success. Some key points:

  • Stengel states one has to “go broke” not just once but three separate times in order to truly “learn how to make a living.”
  • This implies that multiple rounds of mistakes, setbacks and losses are often necessary hard lessons for developing the skills and perspective to consistently earn an income over the long run.
  • Going through the difficulty and consequences of insolvency more than once helps reinforce the lessons around sustainability, risk management, customer needs and other realities of maintaining profitable operations.

Overall, the quote portrays Stengel’s perspective that while bankruptcy is painful, undergoing the process of “going broke” multiple times is an unfortunate yet highly effective teacher that provides the wisdom needed to eventually establish a steady livelihood through experience navigating failures as well as successes. Failure can be the best teacher if one learns from their mistakes according to this view.

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