"The humble person who confesses his faults and duly atones for them is the one best equipped to manage defeat, accept his own losses, and to overcome the setbacks that are the routine cost of doing business."

Ted Malloch Business See all quotes by Ted Malloch →

React to this quote

More by Ted Malloch

See all

“And the first question for a leader is: "Who do we intend to be?" not “What are we going to do?”

“Taking faith seriously leads to the utility of altruistic behavior.”

“Profit doesn’t appear as the goal but as a side effect of pursuing motivating principles.”

“Courage… is not a selfish attribute: it is only possible if you are pursuing a wider and more worthy goal.”

“We prepare for success by acquiring virtues.”

“Perhaps the most eloquent of the hard virtues is courage, the disposition to encounter adversity head-on and strive to overcome it.”

Resonant Thoughts

"It might be that to surrender to happiness was to accept defeat, but it was a defeat better than many victories."

— W. Somerset Maugham

Literature1874–1965

#power

"In my opinion it is a grand book. We all have the greatest reason to be grateful to you for saying so well what needs so much to be said. You will not expect me to accept quite all the economic dicta …"

— John Maynard Keynes and Friedrich Hayek

#Philosophy

"The question remains: to what extent were the successes and failures of the golden age the result of Keynesian theory, however bastardized? The quick answer is: to a much greater extent in the former …"

— Robert Skidelsky

Economics1939–2026

#philosophy