Origin:
The exact origins of the phrase are not known, but it has been used for centuries. Similar proverbs exist in different cultures and languages, suggesting that the idea of diversifying risks is a universal concept.
One of the earliest known references to the phrase is found in the writings of the ancient Greek philosopher Aesop (6th century BCE). In one of his fables, Aesop tells the story of a man who carries all his eggs in one basket and accidentally drops and breaks them. The man laments his misfortune and learns the lesson of not putting all of his eggs in one basket.
The phrase also appears in the works of other classical writers, such as Roman poet Horace and English playwright William Shakespeare. Over time, it became a common proverb and entered everyday language.
In the modern era, the phrase has been used in various contexts beyond financial investments. It is often applied to business, career choices, and personal relationships, emphasizing the importance of diversifying interests and avoiding excessive reliance on a single person, opportunity, or outcome.