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“It often occurs that pride and selfishness are muddled with strength and independence. They are neither equal nor similar; in fact, they are polar opposites. A coward may be so cowardly that he masks his weakness with some false personification of power. He is afraid to love and to be loved because love tends to strip bare all emotional barricades. Without love, strength and independence are prone to losing every bit of their worth; they become nothing more than a fearful, intimidated, empty tent lost somewhere in the desert of self.”

“I know of a few multimillionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they were losing. In those formative first few years of trading, they felt they could afford to lose. You're much better off going into the market on a shoestring, feeling that you can't afford to lose. I'd rather bet on somebody starting out with a few thousand dollars than on somebody who came in with millions.”

“As there is no worldly gain without some loss, so there is no worldly loss without some gain; if thou hast lost thy wealth, thou hast lost some trouble with it; if thou art degraded from thy honor, thou art likewise freed from the stroke of envy; if sickness hath blurred thy beauty, it hath delivered thee from pride. Set the allowance against the loss, and thou shalt find no loss great; he loses little or nothing, that reserves himself.”

“The unbought grace of life, the cheap defence of nations, the nurse of manly sentiment and heroic enterprise isgone! it isgone, that sensibility of principle, that chastity of honour, which felt a stain like a wound, which ennobled whatever it touched, and under which vice itself lost half its evil, by losing all its grossness.”

“All this business of a labour to accomplish, before I can end, of words to say, a truth to recover, in order to say it, before I can end, of an imposed task, once known, long neglected, finally forgotten, to perform, before I can be done with speaking, done with listening, I invented it all, in the hope it would console me, help me to go on, allow me to think of myself as somewhere on a road, moving, between a beginning and an end, gaining ground, losing ground, getting lost, but somehow in the long run making headway.”

“I'd say it's that most people think that very wealthy people take huge risks and that's why they have huge rewards. But the very best on earth are completely obsessed with not losing money. That sounds overly simplistic, but they know that if you lost 50 percent, it takes 100 percent to get even. Most people don't make that math in their head, so it takes years and years. They are obsessed with not losing money.”

“In America, snobs who wouldn't be seen dead with a lottery ticket play the stock market. We like to gamble. Winning, we have closed our eyes, leapt across the yawning abyss, and landed knee-deep in daisies. Even losing has a certain gloomy glamour: the gods of chance are worthy opponents; we have engaged them in hand-to-hand combat and though we lost, at least we shrank not from the contest.”

“All this stuff you heard about America not wanting to fight, wanting to stay out of the war, is a lot of horse dung. Americans, traditionally, love to fight. All real Americans love the sting of battle. Americans play to win all the time. I wouldn't give a hoot in hell for a man who lost and laughed. That's why Americans have never lost - and will never lose - a war, because the very thought of losing is hateful to Americans.”

“"Nothing is ever lost" means that what we are now goes all the way back through natural history. We are biological organisms and not simply computerized brains. By focusing totally on the present, thinking only about science and computers, and forgetting four billion years of life on this planet, we are losing perspective on who and what we are.”