Moral improvement (or perfecting) require an evolution leading to a higher consciousness, which is the true torch of life; it is what we have failed too much to appreciate, and that which would be fatal to fail to appreciate any longer ("pluslongtemps", Fr.); For if we do not take it upon ourselves to remedy in time to the moral colapse (or bankruptcy) that already threaten, the whole civilisation will risks to disappear.
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.
You shouldn't have asked," I said. "Love doesn't ask many questions, because if we stop to think we become fearful. It's an inexplicable fear; it's difficult even to describe it. Maybe it's the fear of being scorned, of not being accepted, or of breaking the spell. It's ridiculous, but that's the way it is. That's why you don't ask-you act. As you've said many times, you have to take risks.
Mark, therefore, the ordinary theory of practical religion, what it leads to. Charity is great, but the moment you say it is all, you run the risk of running into materialism. It is not religion. It is no better than atheism - a little less.
Have I not walked without an upward look Of caution under stars that very well Might not have missed me when they shot and fell? It was a risk I had to take-and took.
We've protected thousands of people in Libya; we have not seen a single U.S. casualty; there's no risks of additional escalation. This operation is limited in time and in scope.
The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.
To stake all one's life on a single moment, to risk everything on one throw, whether the stake be power or pleasure, I care not - there is no weakness in that.