House of Commons, 1 June 1937. Hansard, Vol 324, Col 883.
“
I know that it is the Socialist idea that making profits is a vice, and that making large profits is something of which a man ought to be ashamed. I hold the other view. I consider that the real vice is making losses.
— Winston Churchill
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "I know that it is the Socialist idea that making profits is a vice, and that making large profits is something of which a man ought to be ashamed. I hold the other view. I consider that the real vice is making losses." in the context of "House of Commons, 1 June 1937. Hansard, Vol 324, Col 883." to mean that wisdom is timeless.
Source: Wikiquote: "Winston Churchill" (Quotes, The 1930s)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed February 05, 2026). https://gemini.google.com/app
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About Winston Churchill
Sir Winston Leonard Spencer Churchill KG OM CH TD FRS PC (November 30, 1874 – January 24, 1965) was a British statesman who served as Prime Minister of the United Kingdom from 1940 to 1945, during the Second World War, and again from 1951 to 1955. Churchill was a Sandhurst-educated soldier, a Nobel Prize-winning writer and historian, a prolific painter, and one of the longest-serving politicians in British history. Apart from two years between 1922 and 1924, he was a Member of Parliament (MP) from 1900 to 1964 and represented a total of five constituencies. Ideologically an economic liberal and imperialist, he was for most of his career a member of the Conservative Party, which he led from 1940 to 1955, though he was a member of the Liberal Party from 1904 to 1924.
About Winston Churchill
Sir Winston Leonard Spencer Churchill KG OM CH TD FRS PC (November 30, 1874 – January 24, 1965) was a British statesman who served as Prime Minister of the United Kingdom from 1940 to 1945, during the Second World War, and again from 1951 to 1955. Churchill was a Sandhurst-educated soldier, a Nobel Prize-winning writer and historian, a prolific painter, and one of the longest-serving politicians in British history. Apart from two years between 1922 and 1924, he was a Member of Parliament (MP) from 1900 to 1964 and represented a total of five constituencies. Ideologically an economic liberal and imperialist, he was for most of his career a member of the Conservative Party, which he led from 1940 to 1955, though he was a member of the Liberal Party from 1904 to 1924.
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