I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, and so on. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand ( although I find it difficult to apply ) even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital.
what is joy without sorrow? what is success without failure? what is a win without a loss? what is health without illness? you have to experience each if you are to appreciate the other. there is always going to be suffering. it’s how you look at your suffering, how you deal with it, that will define you.
No diet will remove all the fat from your body because the brain is entirely fat. Without a brain, you might look good, but all you could do is run for public office.
Reason forbade me many things which,
Instinctively, my nature was attracted to;
And a perpetual loss I feel if, knowing,
I believe a falsehood or deny the truth.
I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.
When I have seen by Time's fell hand defaced The rich proud cost of outworn buried age; When sometime lofty towers I see down-razed And brass eternal slave to mortal rage; When I have seen the hungry ocean gain Advantage on the kingdom of the shore, And the firm soil win of the watery main, Increasing store with loss and loss with store; When I have seen such interchange of state, Or state itself confounded to decay; Ruin hath taught me thus to ruminate, That Time will come and take my love away. This thought is as a death which cannot choose But weep to have that which it fears to lose.
I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of "New Era" philosophy where trees really do grow to the sky.
Tragedy depends on the way you see it. If you chose to be a victim of the world, anything which happens to you will feed that dark side of your soul, where you consider yourself wronged, suffering, guilty and deserving punishment. If you choose to be an adventurer, the changes - even the inevitable losses, since everything in this world changes - can cause some pain, but will soon thrust you forward, forcing you to react.
It made me have a much greater understanding of loss, of loneliness, and the level of intense tragedy that so many people have experienced in this world, I take a lot less for granted.