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Loss Quotes

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Loss Quotes

“Luxury, or a refinement on the pleasures and conveniences of life, had long been supposed the source of every corruption in government, and the immediate cause of faction, sedition, civil wars, and the total loss of liberty. It was, therefore, universally regarded as a vice, and was an object of declamation to all satyrists, and severe moralists.”

“A billion homo sapiens are added every 11 years to the planet. The hypertrophy of a single species pushes other life-forms out of bed and into extinction. The decline of biological diversity is real and severe. The alarming loss of soil fertility, forest cover, and coral reef viability and the release of fossilized CO2 that nature put away 300 million years ago in its march toward greater diversity - all these "losses" and many others are the result of one life-form annihilating other life-forms in its immoral confusion of "dominion" with "domination."”

“General observations drawn from particulars are the jewels of knowledge, comprehending great store in a little room; but they are therefore to be made with the greater care and caution, lest, if we take counterfeit for true, our loss and shame be the greater when our stock comes to a severe scrutiny.”

“Do not accept principal risk while investing short-term cash: the greedy effort to earn a few extra basis points of yield inevitably leads to the incurrence of greater risk, which increases the likelihood of losses and severe illiquidity at precisely the moment when cash is needed to cover expenses, to meet commitments, or to make compelling long-term investments.”