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+ 290 The most successful war seldom pays for its losses. Thomas Jefferson

+ 320 War is an instrument entirely inefficient toward redressing wrong; and multiplies, instead of indemnifying losses. Thomas Jefferson

+ 344 The Creator has not thought proper to mark those in the forehead who are of stuff to make good generals. We are first, therefore, to seek them blindfold, and then let them learn the trade at the expense of great losses. Thomas Jefferson

+ 235 Try to profit from your losses.

+ 340 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. Warren Buffett, The Warren Buffett Way by Robert Hagstrom+