summary:
- The saying "it is better to get out with the least loss than to lose everything" is emphasized as a survival strategy in business and life.
- The example given is about a company selling meat and the need to balance various factors like location and refrigeration expenses.
- The profitability of the company depends on the price at which meat is bought and sold.
- If there is a drop in the market price of meat, the profit margin decreases, and there may even be a loss.
- To minimize losses, it is advised not to buy more meat when prices drop and to sell existing meat at the lowest price possible.
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