It is a socialist idea that making profits is a vice; I consider the real vice is making losses.
Winston ChurchillRead
Success is not final, failure is not fatal: it is the courage to continue that counts.
Interpretation
Success and failure are temporary; what matters is the courage to keep going.
This quote by Winston Churchill emphasizes the idea that success is merely a step in a continuous journey, not an endpoint. Similarly, failure should not be seen as the end of the road, but rather as an opportunity to learn and grow. What truly matters is the resilience and determination to persevere despite challenges.
In practice
This quote is perfect for a motivational speech to encourage employees after a setback.
It is a socialist idea that making profits is a vice; I consider the real vice is making losses.
The United States is like a gigantic boiler. Once the fire is lit under it, there's no limit to the power it can generate.
Politics is almost as exciting as war, and quite as dangerous. In war you can only be killed once, but in politics many times.
I will not pretend that if I had to choose between communism and Nazism I would choose communism.
Mountaintops inspire leaders but valleys mature them.
True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.
If the pitch starts with a sob story, I'm out. If the pitch talks about personal issues, I'm out. If the pitch starts off with how big the market opportunity is, I'm out. If the pitch tells me what is unique about the product, how it can make a profit, and it's an area where I have expertise, I will read on.
I sometimes think that the only person fit to inherit wealth is the person who doesn't need an inheritance - the person who would create his own fortune no matter what his start in life - and have come to view inherited wealth as an affliction.
Private victories precede public victories. You can't invert that process any more than you can harvest a crop before you plant it.
When you play this game twenty years, go to bat ten-thousand times, and get three-thousand hits, do you know what that means? You've gone zero for seven-thousand.
What I relish most is when a member of my staff, who has worked with passion and patience towards achieving their dream of owning a restaurant, walks up to me and says, 'Nobu! I have done it!'
The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.
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