When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.
Though the principles of the banking trade may appear somewhat abstruse, the practice is capable of being reduced to strict rules. To depart upon any occasion from those rules, is consequence of some flattering speculation of extraordinary gain, is almost always extremely dangerous, and frequently fatal to the banking company which attempts it.
A maxim is a conclusion upon observation of matters of fact, and is merely speculative; a "principle" carries knowledge within itself, and is prospective.
Even matter called inorganic, believed to be dead, responds to irritants and gives unmistakable evidence of a living principle within. Everything that exists, organic or inorganic, animated or inert, is susceptible to stimulus from the outside.
The National Health Service is safe with us. The principle of adequate healthcare should be provided for all regardless of ability to pay must be the function of any arrangements for financing the NHS. We stand by that.
He who knows not how to plant his will in things at least endows them with some meaning: that is to say, he believes that a will is already present in them (A principle of faith.)
Because of lack of moral principle, human life becomes worthless. Moral principle, truthfulness, is a key factor. If we lose that, then there is no future.
For we do not think that we know a thing until we are acquainted with its primary conditions or first principles, and have carried our analysis as far as its simplest elements.