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"It is a grave matter to enter a war, without adequate military preparation; it may prove fatal to come into peace, without moral and religious preparation."

— Louis Finkelstein
louis finkelstein Quotes Graves,Preparation,Adequate

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The more 'adequate' we make relief, the more people we are going to find willing to get on it and stay on it indefinitely. The more we try to make sure that everybody really in need of relief gets it, the more certain we can be that we are also giving it to people who neither need nor deserve it.

— Henry Hazlitt

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The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we were rigorously and intelligently screened. They bankers cared and wanted to protect their clients. The culture now is that anything that can be sold for a profit will be. 'Can you sell it?' is the moral test, and that's not an adequate test.

— Charlie Munger

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