a. Explain the above statement in the literal sense - This phrase is used to say that it is better to hold onto something one has than to risk losing it by trying to get something better.

b. Explain it in the context in which it is mentioned in the story – In the story, Paul gifts his mother 5,000 pounds on the occasion of her birthday, but it was to be given over 5 years. She, however, wishes to have the entire sum at once. Paul agrees to it in the anticipation that he can earn more in the next races. This drives him to push further which takes a toll on his health. In the end, Paul’s mother’s desire for more money costs his life.