The quote emphasizes that people often recognize the true worth of time only when they experience regret after losing it. This realization highlights a common human tendency to overlook the importance of time until it's too late. It suggests that individuals should be more mindful of how they spend their time and appreciate its fleeting nature.

In Stacey Schiff's book "A Great Improvisation: Franklin, France, and the Birth of America," this concept is woven into the narrative of Benjamin Franklin's journey and influence. As events unfold, the stakes of time become apparent, showcasing how critical decisions and moments can shape history and personal futures. Ultimately, the quote serves as a reminder to seize opportunities and cherish every moment before regret sets in.