Meaning of the word "a little wit may save a fortunate man" in English

What does "a little wit may save a fortunate man" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a little wit may save a fortunate man

US /ə ˈlɪtəl wɪt meɪ seɪv ə ˈfɔrtʃənət mæn/
UK /ə ˈlɪtəl wɪt meɪ seɪv ə ˈfɔːtʃənət mæn/
"a little wit may save a fortunate man" picture

Idiom

a small amount of intelligence or common sense can help a person avoid trouble or make the most of their luck

Example:
He was lucky to inherit the business, but a little wit may save a fortunate man from losing it all.
Even with his wealth, he realized that a little wit may save a fortunate man when facing complex legal issues.