Our losses...have reached an intolerable level. The enemy air force played a decisive role in inflicting these high losses.
--
May 24, 1943, quoted in "A Time for Courage: The Royal Air Force in the European War, 1939-1945" - Page 449 - by John Terraine - History - 1985Karl Donitz
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
The elements of good trading are cutting losses, cutting losses, and cutting losses.
Ed Seykota
Men take their misfortunes to heart, and keep them there. A gambler does not talk about his losses; the frequenter of brothels, who finds his favorite engaged by another, pretends to be just as well off without her; the professional street-brawler is quiet about the fights he has lost; and a merchant who speculates on goods will conceal the losses he may suffer. All act as one who steps on dog dung in the dark.
Ihara Saikaku
We shall never forget that it was our submarines that held the lines against the enemy while our fleets replaced losses and repaired wounds.
Chester W. Nimitz
Nazis did not expect Soviet resistance to be so strong. The deeper they moved into this country's territory, the more fierce it became. When Hitler's armies approached Moscow, every man and woman here thought it imperative to resist the enemy. And that resistance grew by the day. The enemy was sustaining heavy losses, one after another. In fact, Hitler's best troops perished here. Nazis believed the Red Army was not capable of defending Moscow, but their schemes failed.
Georgy Zhukov
Donitz, Karl
Donleavy, J. P.
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