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Loss Quotes

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Loss Quotes

“There is no doubt that constitutional freedoms will never be abolished in one fell swoop, for the American people cherish their freedoms, and would not tolerate such a loss if they could perceive it. But the erosion of freedom rarely comes as an all-out frontal assault but rather as a gradual, noxious creeping, cloaked in secrecy, and glossed over by reassurances of greater security.”

“Even with a margin of safety in the investor's favor, an individual security may work out badly. For the margin guarantees only that he has a better chance for profit than for loss - not that loss is impossible. But as the number of such commitments is increased the more certain does it become that the aggregate of the profits will exceed the aggregate of the losses.”

“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.”

“On all levels, evolution occurs in response to a crisis situation, not infrequently a life-threatening one, when the old structures, inner or outer, are breaking down or are not working anymore. On a personal level, this often means the experience of loss of one kind or another: the death of a loved one, the end of a close relationship, loss of possessions, your home, status, or a breakdown of the external structures of your life that provided a sense of security.”

“To save the banks from making losses that would wipe out their net worth, you'll have to get rid of Social Security. It means that you'll essentially have to abolish government and turn it over to the banking system to run, with an idea that the role of governments is to extract income from the economy to pay to the bondholders and the banks.”

“Remember that every government service, every offer of government - financed security, is paid for in the loss of personal freedom... In the days to come, whenever a voice is raised telling you to let the government do it, analyze very carefully to see whether the suggested service is worth the personal freedom which you must forgo in return for such service.”