This is a piece of life advice urging emotional balance and resilience. When you are successful or in a position of strength, do not become overbearing; when you face setbacks, do not give up hope. It emphasizes equanimity.
This reflects the Taoist and Confucian ideal of the 'gentleman' (jūnzǐ) who remains composed regardless of external circumstances. It also echoes the cyclical view of fortune in Chinese philosophy.
This saying promotes the virtue of moderation and long-term perspective. It signals that true character is shown in how one handles both success and failure, and that arrogance invites downfall while despair prevents recovery.
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