--- title: "Meaning & Key Takeaway of: A person who has not made peace with his…" description: "\"A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.\" — Daniel Kahneman" image: "https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg" --- # A person who has not made peace with his losses is likely… ![“A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.” quote by Daniel Kahneman](https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg) [Download](https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg) [Open image](https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg) > “A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.” [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Unresolved loss leads to risky choices that otherwise would be rejected. **In simple terms:** Unresolved loss causes risky decisions. Key Takeaway Address losses before making decisions. Themes psychology decision making loss aversion Mood reflective cautious Type psychological advisory When to use this quote - personal finance - investment strategies - relationship conflicts Key Concepts behavioral economics cognitive bias Questions to Reflect On - What losses remain unaddressed? - How do they affect your risk tolerance? A Different Perspective Ignoring loss may perpetuate harmful behavior. ★ ★ ★ ★ ★ No ratings yet [Gambles](https://sms4smile.com/quotes/about/gambles/) [Gambling](https://sms4smile.com/quotes/about/gambling/) [Loss](https://sms4smile.com/quotes/about/loss/) [Peace](https://sms4smile.com/quotes/about/peace/) [Risk](https://sms4smile.com/quotes/about/risk/) ## Related quotes > [“our brain will be more likely to accept a statement if it falls in line with what we already believe and know, or if…](https://sms4smile.com/quotes/nicholas-cross/our-brain-will-be-more-likely-to-accept-a-statement-if-it-falls-in/) Nicholas Cross > [Whether or not I like a piece of data has very little bearing on whether or not I am likely to accept it.](https://sms4smile.com/quotes/jordan-peterson/whether-or-not-i-like-a-piece-of-data-has-very-little-bearing-on/) [Jordan Peterson](https://sms4smile.com/quotes/author/jordan-peterson/) > [“Sometimes, gambles pay off in unforeseen ways.”](https://sms4smile.com/quotes/staci-hart/sometimes-gambles-pay-off-in-unforeseen-ways/) [Staci Hart](https://sms4smile.com/quotes/author/staci-hart/) > [When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.](https://sms4smile.com/quotes/david-lichtenstein/when-you-take-smaller-gambles-no-one-particular-deal-can-be-big/) [David Lichtenstein](https://sms4smile.com/quotes/author/david-lichtenstein/) > [A speculator gambles that a stock will go up in price because somebody else will pay even more for it.](https://sms4smile.com/quotes/benjamin-graham/a-speculator-gambles-that-a-stock-will-go-up-in-price-because/) [Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/) > [We may gamble on outsmarting the law; we may even gamble on the leniency of man and the mercy of God-but no man ever…](https://sms4smile.com/quotes/sidney-greenberg/we-may-gamble-on-outsmarting-the-law-we-may-even-gamble-on-the/) [Sidney Greenberg](https://sms4smile.com/quotes/author/sidney-greenberg/) > [You have to take gambles in life.](https://sms4smile.com/quotes/tom-payne/you-have-to-take-gambles-in-life/) [Tom Payne](https://sms4smile.com/quotes/author/tom-payne/) > [“You can't be creative without criticism. If your life is without critics then maybe you are painting your life's masterpiece with only a broken…](https://sms4smile.com/quotes/shannon-l-alder/you-can-t-be-creative-without-criticism-if-your-life-is-without/) [Shannon L. Alder](https://sms4smile.com/quotes/author/shannon-l-alder/) > [“Life’s a sequence of gambles. You’re going to win some. You’re going to lose some. But that doesn’t mean you shouldn’t play the game.”](https://sms4smile.com/quotes/nicole-williams/life-s-a-sequence-of-gambles-you-re-going-to-win-some-you-re-going-to/) [Nicole Williams](https://sms4smile.com/quotes/author/nicole-williams/) > [If you're going to take gambles, you must have one thing: self-confidence.](https://sms4smile.com/quotes/don-shula/if-you-re-going-to-take-gambles-you-must-have-one-thing-self/) [Don Shula](https://sms4smile.com/quotes/author/don-shula/) > [I swore I was going to exclusively collect assets and not liabilities for the rest of my life. I swore never to take gambles…](https://sms4smile.com/quotes/tim-blixseth/i-swore-i-was-going-to-exclusively-collect-assets-and-not-liabilities/) Tim Blixseth > [“Wishing made it a sure thing though." "But who wants a sure thing? Life is about gambles,”](https://sms4smile.com/quotes/chelsea-sedoti/wishing-made-it-a-sure-thing-though-but-who-wants-a-sure-thing-life/) [Chelsea Sedoti](https://sms4smile.com/quotes/author/chelsea-sedoti/) > [The worst thing that can happen to a man who gambles is to win](https://sms4smile.com/quotes/anonymous/the-worst-thing-that-can-happen-to-a-man-who-gambles-is-to-win/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [It is always a vulgar and often an unhealthy pastime, and it is a vice which does not go alone; the man who gambles…](https://sms4smile.com/quotes/jules-verne/it-is-always-a-vulgar-and-often-an-unhealthy-pastime-and-it-is-a-vice/) [Jules Verne](https://sms4smile.com/quotes/author/jules-verne/) > [Gambles are the most fun because it's part of being an actor or being a creative person. It's risky only in the vulnerable sense.…](https://sms4smile.com/quotes/emma-stone/gambles-are-the-most-fun-because-it-s-part-of-being-an-actor-or-being/) [Emma Stone](https://sms4smile.com/quotes/author/emma-stone/) ## More by Daniel Kahneman > [Economists think about what people ought to do. Psychologists watch what they actually do.](https://sms4smile.com/quotes/daniel-kahneman/economists-think-about-what-people-ought-to-do-psychologists-watch/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“Belief in the Law of Small Numbers.”](https://sms4smile.com/quotes/daniel-kahneman/belief-in-the-law-of-small-numbers/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“People who are poor think like traders, but the dynamics are quite different. Unlike traders, the poor are not indifferent to the differences between…](https://sms4smile.com/quotes/daniel-kahneman/people-who-are-poor-think-like-traders-but-the-dynamics-are-quite/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition.”](https://sms4smile.com/quotes/daniel-kahneman/mood-evidently-affects-the-operation-of-system-1-when-we-are/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [The confidence that individuals have in their beliefs depends mostly on the quality of the story they can tell about what they see, even…](https://sms4smile.com/quotes/daniel-kahneman/the-confidence-that-individuals-have-in-their-beliefs-depends-mostly/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“So this is my aim for watercooler conversations: improve the ability to identify and understand errors of judgment and choice, in others and eventually…](https://sms4smile.com/quotes/daniel-kahneman/so-this-is-my-aim-for-watercooler-conversations-improve-the-ability/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“For example, I recently came to doubt my long-held impression that adultery is more common among politicians than among physicians or lawyers.”](https://sms4smile.com/quotes/daniel-kahneman/for-example-i-recently-came-to-doubt-my-long-held-impression-that/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [Survival prospects are poor for an animal that is not suspicious of novelty.](https://sms4smile.com/quotes/daniel-kahneman/survival-prospects-are-poor-for-an-animal-that-is-not-suspicious-of/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“the idea of money primes individualism: a reluctance to be involved with others, to depend on others, or to accept demands from others.”](https://sms4smile.com/quotes/daniel-kahneman/the-idea-of-money-primes-individualism-a-reluctance-to-be-involved/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long;…](https://sms4smile.com/quotes/daniel-kahneman/most-of-the-moments-of-our-life-and-i-calculated-you-know-the/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“knowing little makes it easier to fit everything you know into a coherent pattern.”](https://sms4smile.com/quotes/daniel-kahneman/knowing-little-makes-it-easier-to-fit-everything-you-know-into-a/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [Experts don't know exactly where the boundaries of their expertise are.](https://sms4smile.com/quotes/daniel-kahneman/experts-don-t-know-exactly-where-the-boundaries-of-their-expertise-are/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [All of us would be better investors if we just made fewer decisions.](https://sms4smile.com/quotes/daniel-kahneman/all-of-us-would-be-better-investors-if-we-just-made-fewer-decisions/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“The best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid significant mistakes…](https://sms4smile.com/quotes/daniel-kahneman/the-best-we-can-do-is-a-compromise-learn-to-recognize-situations-in/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [“A happy mood loosens the control of System 2 over performance: when in a good mood, people become more intuitive and more creative but…](https://sms4smile.com/quotes/daniel-kahneman/a-happy-mood-loosens-the-control-of-system-2-over-performance-when-in/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) [Explore all 560 Daniel Kahneman quotes ](https://sms4smile.com/quotes/author/daniel-kahneman/) ## More Accepting quotes > [From Augustine down, theologians have tried to compel people to accept their special interpretation of the Scripture, and the tortures of the inquisition, the…](https://sms4smile.com/quotes/matilda-joslyn-gage/from-augustine-down-theologians-have-tried-to-compel-people-to-accept/) [Matilda Joslyn Gage](https://sms4smile.com/quotes/author/matilda-joslyn-gage/) > [Laughing, laughing, laughing, laughing! It is the jester! A voice from the Void, to cheer poor Cicero! I accept your gift, dearest Night Mother.…](https://sms4smile.com/quotes/marcus-tullius-cicero/laughing-laughing-laughing-laughing-it-is-the-jester-a-voice-from-the/) [Marcus Tullius Cicero](https://sms4smile.com/quotes/author/marcus-tullius-cicero/) > [This duo inside of me causes the perfect opportunity to live and learn twice as fast as those who choose to accept simplicity.](https://sms4smile.com/quotes/tupac-shakur/this-duo-inside-of-me-causes-the-perfect-opportunity-to-live-and/) [Tupac Shakur](https://sms4smile.com/quotes/author/tupac-shakur/) > [There is something about the South that accepts the supernatural. If you don't accept it and you're having a conversation with someone who does,…](https://sms4smile.com/quotes/alice-englert/there-is-something-about-the-south-that-accepts-the-supernatural-if/) [Alice Englert](https://sms4smile.com/quotes/author/alice-englert/) > [We only enter into the full life if our faith gives thanks. Because how else do we accept His free gift of salvation if…](https://sms4smile.com/quotes/ann-voskamp/we-only-enter-into-the-full-life-if-our-faith-gives-thanks-because/) [Ann Voskamp](https://sms4smile.com/quotes/author/ann-voskamp/) > [Don't be bitter. Everybody suffers. If you can accept your suffering then you will understand other people better. Be grateful for pain. Love life.](https://sms4smile.com/quotes/stephen-colbert/don-t-be-bitter-everybody-suffers-if-you-can-accept-your-suffering/) [Stephen Colbert](https://sms4smile.com/quotes/author/stephen-colbert/) > [It takes an unusually philosophic mind to accept that all one’s suffering might be to no end, really, in the larger scheme of things.](https://sms4smile.com/quotes/anonymous/it-takes-an-unusually-philosophic-mind-to-accept-that-all-one-s/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [No nation being under another nation can accept gifts, and kick at the responsibility attached to those gifts, imposed by the conquering nation.](https://sms4smile.com/quotes/mahatma-gandhi/no-nation-being-under-another-nation-can-accept-gifts-and-kick-at-the/) [Mahatma Gandhi](https://sms4smile.com/quotes/author/mahatma-gandhi/) > [Even with clothing naked animals, there were people who wanted to send in money. A woman in Santa Barbara, California, sent a $40,000 check.…](https://sms4smile.com/quotes/alan-abel/even-with-clothing-naked-animals-there-were-people-who-wanted-to-send/) [Alan Abel](https://sms4smile.com/quotes/author/alan-abel/) > [Society understands the architecture of academia and knows there are relevant qualifications in different fields, and the media accepts the idea of specialisations and…](https://sms4smile.com/quotes/jay-griffiths/society-understands-the-architecture-of-academia-and-knows-there-are/) [Jay Griffiths](https://sms4smile.com/quotes/author/jay-griffiths/) > [Whatever your conscious mind assumes and believes to be true, your subconscious mind will accept and bring to pass. Believe in good fortune, divine…](https://sms4smile.com/quotes/joseph-murphy/whatever-your-conscious-mind-assumes-and-believes-to-be-true-your/) [Joseph Murphy](https://sms4smile.com/quotes/author/joseph-murphy/) > [Losing someone is easy, but accepting it is hard.](https://sms4smile.com/quotes/anonymous/losing-someone-is-easy-but-accepting-it-is-hard/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [… and so he tried to accept the ache in his heart as what Dr. Larch would call the common symptoms of normal life.](https://sms4smile.com/quotes/john-irving/and-so-he-tried-to-accept-the-ache-in-his-heart-as-what-dr-larch/) [John Irving](https://sms4smile.com/quotes/author/john-irving/) > [I think what was special about 'Music by Prudence' was the classic story of the title subject's life path - from being an outcast…](https://sms4smile.com/quotes/roger-ross-williams/i-think-what-was-special-about-music-by-prudence-was-the-classic/) [Roger Ross Williams](https://sms4smile.com/quotes/author/roger-ross-williams/) > [As my films are born at the moment when they are reflected into another person's mind and memories, there are no misconceptions. I totally…](https://sms4smile.com/quotes/pirjo-honkasalo/as-my-films-are-born-at-the-moment-when-they-are-reflected-into/) [Pirjo Honkasalo](https://sms4smile.com/quotes/author/pirjo-honkasalo/) Browse all 6,788 Accepting quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise.", "creator": { "@type": "Person", "name": "Daniel Kahneman" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/daniel-kahneman/a-person-who-has-not-made-peace-with-his-losses-is-likely-to-accept/", "about": { "@type": "Thing", "name": "Accepting" }, "@id": "https://sms4smile.com/quotes/daniel-kahneman/a-person-who-has-not-made-peace-with-his-losses-is-likely-to-accept/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg", "contentUrl": "https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg", "url": "https://sms4smile.com/quotes/i/8e1/daniel-kahneman-431_accepting_a-person-who-has-not-made-peace-with-his_2687509.jpg", "width": 1080, "height": 1080, "caption": "“A person who has not made peace with his losses is likely to accept gambles that would be unacceptable to…” — Daniel Kahneman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Daniel Kahneman", "item": "https://sms4smile.com/quotes/author/daniel-kahneman/" }, { "@type": "ListItem", "position": 4, "name": "A person who has not made...", "item": "https://sms4smile.com/quotes/daniel-kahneman/a-person-who-has-not-made-peace-with-his-losses-is-likely-to-accept/" } ], "@id": "https://sms4smile.com/quotes/daniel-kahneman/a-person-who-has-not-made-peace-with-his-losses-is-likely-to-accept/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```