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.
…words have been all my life, all my life--this need is like the Spider's need who carries before her a huge Burden of Silk which she must spin out--the silk is her life, her home, her safety--her food and drink too--and if it is attacked or pulled down, why, what can she do but make more, spin afresh, design anew….
Perhaps the most incapable Executive that ever filled the presidential chair...it would be difficult to imagine a man less fit to guide the state with honor and safety through the stormy times that marked the opening of the present century.
Religion is, in fact, the dominion of the soul; it is the hope, the anchor of safety, the deliverance from evil. What a service has Christianity rendered to humanity!
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.
In the course of 25 years, we have developed a constructive relationship with Mexico that was nonexistent before. During the last eight to 10 years there have been continued efforts which have resulted in a strategic alliance with the Mexicans and improved safety and security at the border.
Globalization makes our economy, our health, and our security all captive to events on the other side of the world. And no other nation on earth has a greater capacity to shape that global system, or to build consensus around a new set of international rules that expand the zones of freedom, personal safety, and economic well-being. Like it or not, if we want to make America more secure, we are going to have to help make the world more secure.