If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.
The thing I'd really like to see is the old London Bridge, with all the old buildings around it like Shakespeare's Globe. I'd like to walk along that. Don't worry, I won't get drunk and fall in.
Crowds stand around all day long and criticise that bridge, and find fault with it, and tell with unlimited frankness how it ought to have been planned, and how they would have built it had the city granted them the $14,000 it cost. It is really refreshing to hang around these and listen to them. A foreigner would come to the conclusion that all America was composed of inspired professional bridge builders.
The study of geography is about more than just memorizing places on a map. It's about understanding the complexity of our world, appreciating the diversity of cultures that exists across continents. And in the end, it's about using all that knowledge to help bridge divides and bring people together.
Whenever there is injustice, there is tension. But in China it is very hard to release your anger unless you burn yourself or you jump from a bridge. In a society where there is no freedom of the press, it is difficult for victims to be noticed.
By the rude bridge that arched the flood, Their flag to April's breeze unfurled, Here once the embattled farmers stood, And fired the shot heard round the world.
Oscar Wilde said the rich and the poor are equal - they can both sleep under the bridge. Right? Do they have a right? You're damn right they have a right!
What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
As long as you still have one bridge left, nothing is lost. But from the moment that you cannot even understand the storytelling or the music of other cultures anymore, then we become strangers to each other and the situation will become very complicated.
In the firm expectation that when London shall be a habitation of bitterns, when St. Paul and Westminster Abbey shall stand shapeless and nameless ruins in the midst of an unpeopled marsh, when the piers of Waterloo Bridge shall become the nuclei of islets of reeds and osiers, and cast the jagged shadows of their broken arches on the solitary stream, some Transatlantic commentator will be weighing in the scales of some new and now unimagined system of criticism the respective merits of the Bells and the Fudges and their historians.
There is nothing in machinery, there is nothing in embankments and railways and iron bridges and engineering devices to oblige them to be ugly. Ugliness is the measure of imperfection.
Don’t bother trying to explain your emotions. Live everything as intensely as you can and keep whatever you felt as a gift from God. The best way to destroy the bridge between the visible and invisible is by trying to explain your emotions.
Twenty bridges from Tower to Kew — (Twenty bridges or twenty two) — Wanted to know what the River knew, For they were young, and the Thames was old And this is the tale that River told.