I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.
Madeleine Albright
In terms intellectually, [what] shaped my life was the whole Munich thing [the Munich Agreement] that I knew about all my life, in terms of how large powers make decisions that affect small countries, and the unintended consequences of that. The other part is I knew about the Holocaust. l just didn't know that it applied to my family. But that did affect the way I thought about what I was seeing as ethnic cleansing in the Balkans; there's no question about that.
