To admit error and cut losses is rare among individuals, unknown among states.
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p. 459Barbara Tuchman
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What became a problem is there was a clause that allowed investors to cover losses. As long as you made losses one year, you could carry them over to the next and to the next. And because of that they would pay no taxes. So this fellow takes all the gold away and he says he makes losses and so he does not pay us anything. So he is the only one that is being protected. Those of us who are losing our resources are not protected. This is the thing that created the kind of debate that we had and we had to renegotiate.
Jakaya Kikwete
What we should do, I suggest, is to give up the idea of ultimate sources of knowledge, and admit that all knowledge is human; that it is mixed with our errors, our prejudices, our dreams, and our hopes; that all we can do is to grope for truth even though it be beyond our reach. We may admit that our groping is often inspired, but we must be on our guard against the belief, however deeply felt, that our inspiration carries any authority, divine or otherwise. If we thus admit that there is no authority beyond the reach of criticism to be found within the whole province of our knowledge, however far it may have penetrated into the unknown, then we can retain, without danger, the idea that truth is beyond human authority. And we must retain it. For without this idea there can be no objective standards of inquiry; no criticism of our conjectures; no groping for the unknown; no quest for knowledge.
Karl Popper
Our losses...have reached an intolerable level. The enemy air force played a decisive role in inflicting these high losses.
Karl Donitz
The elements of good trading are cutting losses, cutting losses, and cutting losses.
Ed Seykota
It has not been unknown that judges persist in error to avoid giving the appearance of weakness and vacillation.
Felix Frankfurter
Tuchman, Barbara
Tucholsky, Kurt
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