Who lacks a STOCK his gain is not worth a chip

Meaning & Analysis

If a person does not have a starting inventory or capital ('stock'), any profit ('gain') they make is insignificant, worth no more than a wood chip.

Insights

Necessity of a Foundation

The proverb argues that a solid foundation—whether of knowledge, resources, or reputation—is essential for any meaningful achievement. Without this 'stock', any apparent successes are superficial and lack lasting value.

Creation of Value

It serves as a metaphor for the principle that value cannot be created from nothing. Meaningful growth requires an initial investment, and any gains made without it are likely to be fleeting or trivial.

Warning Against Unpreparedness

The proverb warns against the allure of effortless success, suggesting that ventures undertaken without a substantial basis or 'stock' are doomed to yield worthless results, cautioning against unpreparedness and lack of substance.

Economic Foundation

Reflecting the economic mindset of the 17th century, the term 'stock' points to the rise of early capitalism and mercantilism, where initial capital or inventory became the recognized prerequisite for any meaningful commercial enterprise.

Principle of Investment

The proverb serves as a timeless cautionary tale against ventures built on nothing, resonating with the modern principle that one must invest resources—be it money, time, or knowledge—to generate a valuable return.

Psychology of Preparation

Psychologically, the proverb underscores the futility of effort without adequate preparation. It speaks to the anxiety of starting an endeavor without the necessary resources, suggesting that any resulting 'gain' is likely to be illusory or insubstantial.

Rhetorical Devices

Metaphor

The proverb uses 'stock' to represent any foundational asset and 'chip' to symbolize worthlessness, creating a powerful metaphor for the relationship between investment and return.

Antithesis

A stark contrast is drawn between the substantial nature of 'stock' and the insignificant 'chip', effectively highlighting the difference between a well-founded enterprise and one lacking a solid base.

Causal Structure

The proverb's structure establishes a clear and memorable cause-and-effect relationship: the lack of a stock directly results in a worthless gain.

investmentcapitalfoundationvaluepreparationprofit
Analyzed with gemini-2.5-pro on December 4, 2025

Transcription

Quotations

1546, HEY., II ix, s. LIv.
1611, GRUT., no. 321.
1614, CAM., p. 314.

(Who so lacketh)

1639, CL., s.v. Diligentia, p. 92
1659, HOW., Eng. Prov., p. 10.
1659, N.R., p. 124.
1664, COD., p. 225.

[As in 1639 Cl.]

1670, RAY, p. 146

[As in 1639 Cl.]

1732, FUL., no. 5731

Original Scan

Who lacks a STOCK his gain is not worth a chip - a scanned entry from Tilley's 1950 Dictionary of Proverbs.
Scan courtesy of HathiTrust Digital Library.
Used under CC BY-NC 3.0.

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Last updated: January 27, 2026