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Meaning of 舍不得孩子套不住狼

Lookup via: Pinyin | Radicals
舍 shě 不 bù 得 de 孩 hái 子 zi 套 tào 不 bù 住 zhù 狼 láng (Trad.: 捨不得孩子套不住狼)
one who is not prepared to risk his child will never catch the wolf (proverb); (fig.) one who is unwilling to take risks will not achieve great things