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What is "all is grist that comes to his mill"

The Collaborative International Dictionary
All is grist that comes to his mill

Grist \Grist\, n. [AS. grist, fr. grindan. See Grind.]

  1. Ground corn; that which is ground at one time; as much grain as is carried to the mill at one time, or the meal it produces.

    Get grist to the mill to have plenty in store.
    --Tusser. Q.

  2. Supply; provision.
    --Swift.

  3. In rope making, a given size of rope, common grist being a rope three inches in circumference, with twenty yarns in each of the three strands.
    --Knight.

    All is grist that comes to his mill, all that he has anything to do with is a source of profit. [Colloq.]

    To bring grist to the maill, to bring profitable business into one's hands; to be a source of profit. [Colloq.]
    --Ayliffe.