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The most important thing in life is not simply to capitalize on your gains. Any fool can do that. The important thing is to profit from your loses. That requires intelligence, and makes the difference between a man of sense and a fool.

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Feb 14, 2026

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Quote Author: Samuel Eliot Morison

Samuel Eliot Morison

Samuel Eliot Morison

(1887-1976) History as a Literary Art. Old South Leaflets, 1946 - American historian, teaching at Harvard, prof of American history at Oxford.

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