There are no checks and balances if the gov is wrong, if a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut, if he bets wrong, he loses, if the gov bets wrong, they just get bigger, they just appropriate more money, it's a bottomless pit, because they either get it from the tax payers or run it off a printing press.
[The assault units] were disorganized, had suffered heavy casualties and were handicapped by losses of valuable equipment.... They were pinned down along the beach by intense enemy fire.... Personnel and equipment were being piled ashore... where congested groups afforded food targets for the enemy.
Diligence increaseth the fruit of toil. A dilatory man wrestles with losses.hesiod
And when it is suggested that the inward feelings of power or inward monitions or losses of judgement are the germs out of which the divine machinery developed, I return that truth is just the reverse, that the presence of voices which had to be obeyed were the absolute prerequisite to the conscious stage of mind in which it is the self that is responsible and can debate within itself, can order and direct, and that the creation of such a self is the product of culture. In a sense, we have become our own gods.julian jaynes
All we have to do is send two mujaheddin [...] to raise a small piece of cloth on which is written "al-Qaeda" in order to make the generals race there, to cause America to suffer human, economic and political losses.osama bin laden
Men take their misfortunes to heart, and keep them there. A gambler does not talk about his losses; the frequenter of brothels, who finds his favorite engaged by another, pretends to be just as well off without her; the professional street-brawler is quiet about the fights he has lost; and a merchant who speculates on goods will conceal the losses he may suffer. All act as one who steps on dog dung in the dark.ihara saikaku
The elements of good trading are cutting losses, cutting losses, and cutting losses.ed seykota
We intend to check up on the fitness of our small units...If each such particle attains real efficiency and brings genuine military skill to our large units, our troops, should they be called upon to fight, will carry out their operations without sustaining heavy losses.semyon timoshenko
To admit error and cut losses is rare among individuals, unknown among states.barbara tuchman
Take care to sell your horse before he dies. The art of life is passing losses on.robert frost
All his gold speculations, his stock speculations I speak of those which were purely speculative as brokers use the term generally resulted in losses.… He did not make money … out of those crises of 1869, 1873 and the Erie manipulations of 1868, which have been most strongly condemned.jay gould
It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.benjamin graham
It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.benjamin graham
Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.benjamin graham
War is an instrument entirely inefficient toward redressing wrong; and multiplies, instead of indemnifying losses.thomas jefferson
All your losses will be made up to you in the resurrection, provided you continue faithful. By the vision of the Almighty I have seen it.smith, joseph, jr.
Any strategy that involves crossing a valley accepting short-term losses to reach a higher hill in the distance will soon be brought to a halt by the demands of a system that celebrates short-term gains and tolerates stagnation, but condemns anything else as failure. In short, a world where big stuff can never get done.neal stephenson
An end to our gettings is the only end to our losses.publilius syrus
Human beings are not very good at taking losses or admitting failure.
And for a sucker play a man gets sucker pay; for the paymaster is on the job and never losses the pay envelope that is coming to you.
Blessings may appear under the shape of pains, losses, and disappointments; but let him have patience, and he will see them in their proper figures.
"India's bane is the profesional 'povertywallas': the politicians who have incessantly mouthed slogans such as 'garibi hathao' … and the economists who write continually about 'abysmal poverty'. Both have generally espoused policies, such as defending public sector enterprises at any cost, discounting and even opposing liberal reforms, promoting white-elephant style projects that use capital-intensive techniques on unrealistic grounds such as that they would create profits and savings when in fact they have drained the economy through losses..."
While you may have your initial success, due to timing and surprise, the time will come when you too will have your losses, but there will be this great difference. You will not only be unable to make up your losses, but will grow weaker as time grows on, while on the other hand we will not only make up our losses but will grow stronger as time goes on. It is inevitable that we will crush you before we are through with you.
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