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Loss Quotes

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Loss Quotes

“There is a strong current in contemporary culture advocating ' holistic ' views as some sort of cure-all... Reductionism implies attention to a lower level while holistic implies attention to higher level. These are intertwined in any satisfactory description: and each entails some loss relative to our cognitive preferences, as well as some gain... there is no whole system without an interconnection of its parts and there is no whole system without an environment.”

“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.”

“There's something very noble about bringing home a paycheck to provide for oneself and one's family. However, there's so much more to work than just a paycheck. This is unfortunately a very common view which I believe accounts in part for the statistic that approximately 70% of people are disengaged at work. Think about the loss of meaning and productivity and the staggering economic implications of that statistic.”

“Do not waste what remains of your life in speculating about your neighbors, unless with a view to some mutual benefit. To wonder what so-and-so is doing and why, or what he is saying, or thinking, or scheming -- in a word, anything that distracts you from fidelity to the ruler within you -- means a loss of opportunity for some other task.”