Hence, yousee, togoforbrokeisto “goforit” inabigwayinordertoachievebigsuccess, takingperhapstoomuchriskintheprocess – attheriskofbeing “broke”. A “goforbroke” strategyisthereforeoneofa “doordie” (lifeordeath) nature.
Inotherwords, tooriskyand, perhaps, unwise.
Isuggestyouusethisstrategysparinglyif, thatis, youeveruseit, fortherearenotsomanydo-or-diesituationsreally. Usuallyit’sgiveandtake, moreorless, alittlegainhereandabitoflossthere. Andinthesesituations, cautionspays. Ifyougamble, forinstance, anddonotwintoday, well, tomorrowisanotherdaysolongasyou’venotlostallyourmoney.
WellthismakesitsoundlikeI’madvocatingday-to-daygambling. I’mnot. IthinkI’vejustpickedapoorexample. Butsincewe’reatit, letmemakethisclear, ifyoudogamble, I’dpreferyoutogoforbroke, thatis, putallyourmoneyinanddoitjustonce. Thengohome, winorlose.
Easyformetosay, ofcourse, sinceit’syourmoneyandyourlifestyleatrisk. Atanyrate, mypositionis, Idon’tthinktherearesomanydo-or-diesituationsineverydaylifetowarranttheadoptionofago-for-brokestrategy. Usuallycautionpaysbestinthelongrun. Don’tgoallouteverytime. Goslow. Asthesayinggoes, slowdoesit, doiteasy.
However, thereapparentlyaresituationstowardwhichpeoplearecompelledtotakethe “goforbroke” attitude, asseeninthefollowingexamples: