"They beat me, Manolin...they truly beat." The first thing that one should consider when addressing this question is what does it mean to be beaten? Beaten in this context should not be interpreted literally as it actually means to be defeated. Bearing this in mind would I agree with Santiago's evaluation of the outcome of his adventure at sea? The answer to that question would most definitely be no. Santiago states this on (Page 103) when he says, "But a man is not made for defeat. A man can be destroyed but not defeated."
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