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Balance Quotes

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Balance Quotes

“We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.”

“It would be rash to conclude that, on balance, the environment of the globe as a whole is either deteriorating or improving, or that the survival of the societies we know depends upon filling a simple set of prescriptions. It is all too complex and dynamic, whether it involves managing greenhouse gases or Nile snails... The future condition of the globe's interlocking natural and social systems depends more on human behavior than on the further investigation of natural processes, however desirable that may be.”

“We're certainly not perfect, and we're not probably even better than anybody else, except that perhaps we are given to certain kinds of contemplation that provide a valuable balance to the knee-jerk reactionary behavior of most of our newspapers and political leaders. Poets are great doubters.”