We are, in a way, temporary ambulatory repositories for our nucleic acids. This does not deny our humanity; it does not prevent us from pursuing the good, the true and the beautiful. But it would be a great mistake to ignore where we have come from in our attempt to determine where we are going.
We all do no end of feeling, and we mistake it for thinking. And out of it we get an aggregation which we consider a boon. Its name is public opinion. It is held in reverence. Some think it the voice of God.
History will look back, and I'm fully prepared to accept any mistakes that history judges to my administration, because the president makes the decisions, the president has to take the responsibility.
No mistake is more to be deplored than the conception that a system of morals and religion should derive any portion of its authority either from the circumstance of its novelty or its antiquity, that it should be judged excellent, not because it is reasonable or true, but because no person has ever thought of it before, or because it has been thought of from the beginning of time.
Most persons are so absorbed in the contemplation of the outside world that they are wholly oblivious to what is passing on within themselves. The premature death of millions is primarily traceable to this cause. Even among those who exercise care, it is a common mistake to avoid imaginary, and ignore the real dangers. And what is true of an individual also applies, more or less, to a people as a whole.
This subject brings me to that vilest offspring of the herd mind -- the odious militia. The man who enjoys marching in line and file to the strains of music falls below my contempt; he received his great brain by mistake -- the spinal cord would have been amply sufficient. This heroism at command, this senseless violence, this accursed bombast of patriotism -- how intensely I despise them! War is low and despicable, and I had rather be smitten to shreds than participate in such doings.
Experience is a wonderful thing. It enables you to recognize a mistake when you make it again. If all economists were laid end to end they would not reach a conclusion.
The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.
I think mistakes are the essence of science and law. It's impossible to conceive of either scientific progress or legal progress without understanding the important role of being wrong and of mistakes.