What do you think about this advice a rich guy gave me?

When I was around 19 I became friends with a very wealthy guy. He was a party animal and loved woman. I asked him how much of his success with woman was because of his money, because it's hard to date when you're broke.

He said:

You'll always loose money chasing woman, but you'll never loose woman chasing money.

What do you think about this advice a rich guy gave me?
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