Name: English Tutor Nick P Proverbs (134) Throw Good Money After Bad
Uploaded: 2019-06-22T18:27:37.000Z
Duration: 4 min 14 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

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

Adverbs of frequency

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

Present continuous

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