“To admit error and cut losses is rare among individuals, unknown among states.”
Source: A Distant Mirror (1978), p. 459
“The loss which is unknown is no loss at all.”
Maxim 38
Sentences, The Moral Sayings of Publius Syrus, a Roman Slave
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Publilio Siro 112
Latin writerRelated quotes
“The elements of good trading are cutting losses, cutting losses, and cutting losses.”
Ed Seykota
(1946) American commodities trader
Source: Jenks, Philip, (Editor) 500 of the Most Witty, Acerbic and Erudite Things Ever Said About Money, Harriman House (December 2002), ISBN 1897597223 Read it here http://books.google.com/books?vid=ISBN1897597223&id=lERXBvyeeQ0C&pg=PA27&lpg=PA27&dq=seykota&sig=K97S8hGKxQmB6w7x79enj9tEGw4
“The loss of wealth is loss of dirt,
As sages in all times assert;
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John Heywood
(1497–1580) English writer known for plays, poems and a collection of proverbs
Be Merry Friends; reported in Bartlett's Familiar Quotations, 10th ed. (1919).
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Christian Nestell Bovee
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"Sincerity", p. 153.
Intuitions and Summaries of Thought (1862), Volume II
John C. Maxwell
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George MacDonald
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Source: Dictionary of Burning Words of Brilliant Writers (1895), p. 95
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Pythagoras
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The Sayings of the Wise (1555)
Source: The Noonday Demon: An Atlas of Depression