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.
Certain temperaments respond to anxiety by pulling inward. Their instincts tell them ' Don't go out to meet the world - you'll have a panic attack. Inside is where safety is.
I am distinctly opposed to visibly arrogant and arbitrary extremes of government--but this is simply because I wish the safety of an artistic and intellectual civilisation to be secure, not because I have any sympathy with the coarse-grained herd who would menace the civilisation if not placated by sops.
But I also want to give them a pathway so that they can earn citizenship, earn a legal status, start learning English, pay a significant fine, go to the back of the line, but they can then stay here and they can have the ability to enforce a minimum wage that they're paid, make sure the worker safety laws are available, make sure that they can join a union.
Safety lies in tending towards our highest and not in resting content with an inferior potentiality..... To rest in or follow after an inferior potentiality may seem safe, rational, comfortable, easy, but it ends badly, in some futility or in a mere circling down the abyss or in a stagnant morass. Our right and natural road is towards the summits.