What is the origin of the idiom "put all one's eggs in one basket" and when to use it?

The origin of the idiom "put all one's eggs in one basket" is often attributed to the concept of risk management. It dates back to the 17th century, and while its exact origin is not well-documented, the phrase likely emerged from practical observations of farmers, traders, and investors. This expression is typically used in situations where it's advisable to diversify and not rely solely on one possibility.