Source: 1880s, Personal Memoirs of General U. S. Grant (1885), Ch. 3.
Context: The Southern rebellion was largely the outgrowth of the Mexican war. Nations, like individuals, are punished for their transgressions. We got our punishment in the most sanguinary and expensive war of modern times.
“The Southern rebellion was largely the outgrowth of the Mexican war. Nations, like individuals, are punished for their transgressions. We got our punishment in the most sanguinary and expensive war of modern times.”
Source: 1880s, Personal Memoirs of General U. S. Grant (1885), Ch. 3
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Ulysses S. Grant 177
18th President of the United States 1822–1885Related quotes
Soros on Soros (1995)
Context: The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis. It does not follow that one should always go against the prevailing trend. On the contrary, most of the time the trend prevails; only occasionally are the errors corrected. It is only on those occasions that one should go against the trend. This line of reasoning leads me to look for the flaw in every investment thesis.... I am ahead of the curve. I watch out for telltale signs that a trend may be exhausted. Then I disengage from the herd and look for a different investment thesis. Or, if I think the trend has been carried to excess, I may probe going against it. Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded.
“If you err it is not for me to punish you. We are punished by our sins not for them.”
in The Note Book, Kessinger Publishing (reprint 1998) ISBN 0766104168, 9780766104167
Source: The Note Book of Elbert Hubbard (1927), p. 12
“We are at war, and our security as a nation depends on winning that war.”
opening statement to 9/11 Commission http://www.cnn.com/2004/ALLPOLITICS/04/08/rice.transcript/, May 19, 2004.