“Human beings are not very good at taking losses or admitting failure.”
Source: The Four Pillars of Investing (2002), Chapter 7, Misbehavior, p. 177.
Rogers Commission Report (1986)
Context: It appears that there are enormous differences of opinion as to the probability of a failure with loss of vehicle and of human life. The estimates range from roughly 1 in 100 to 1 in 100,000. The higher figures come from the working engineers, and the very low figures from management. What are the causes and consequences of this lack of agreement? Since 1 part in 100,000 would imply that one could put a Shuttle up each day for 300 years expecting to lose only one, we could properly ask "What is the cause of management's fantastic faith in the machinery?"
We have also found that certification criteria used in Flight Readiness Reviews often develop a gradually decreasing strictness. The argument that the same risk was flown before without failure is often accepted as an argument for the safety of accepting it again. Because of this, obvious weaknesses are accepted again and again, sometimes without a sufficiently serious attempt to remedy them, or to delay a flight because of their continued presence.
“Human beings are not very good at taking losses or admitting failure.”
Source: The Four Pillars of Investing (2002), Chapter 7, Misbehavior, p. 177.
Spilling of innocent blood is against Islam – Saudi Imam https://www.pressreader.com/nigeria/daily-trust/20160330/281616714503807 (30th Mar 2016)
A vida...é uma enorme loteria; os prêmios são poucos, os malogrados inúmeros, e com os suspiros de uma geração é que se amassam as esperanças de outra. Isto é a vida.
"Teoria do medalhão" (1881), first collected in Papéis avulses (1882); Jack Schmitt and Lorie Ishimatsu (trans.) The Devil's Church, and Other Stories (London: Grafton, 1987) p. 113.
In a brief statement (4 January 2005), upon donating one million dollars to the relief efforts of the American Red Cross http://www.redcross.org/ in response to the tsunamis at the end of 2004. This was her second million dollar gift to the American Red Cross; she had also donated a million dollars after the terrorists attacks of September 11th, 2001.
“Success consists of going from failure to failure without loss of enthusiasm”
Attribution debunked in Langworth's Churchill by Himself. The earliest close match located by the Quote Investigator is from the 1953 book How to Say a Few Words by David Guy Powers.
Misattributed
Variant: Success is the ability to go from one failure to another with no loss of enthusiasm.
Source: 1953, How to Say a Few Words by David Guy Powers, Quote p. 109, Doubleday & Company, Garden City, New York. Referenced by Quote Investigator http://quoteinvestigator.com/2014/06/28/success
Can Life Prevail? :A Revolutionary Approach to the Environmental Crisis. UK: Arktos Media, 2nd Revised ed. (2011). ISBN 1907166637 (English translation of Voisiko elämä voittaa) page 122
“All stemmed from Quoyle's chief failure, a failure of normal appearance.”
Source: The Shipping News (1993), P. 2
“The League of Nations” speech in Milan (20 October 1918), p. 52
1920s, Mussolini as Revealed in his Political Speeches (November 1914—August 1923) (1923)