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Security Quotes

“That man is formed for social life is an observation which, upon our first inquiry, presents itself immediately to our view, and our reason approves that wise and generous principle which actuated the first founders of civil government, an institution which hat its origin in the weakness of individuals, and hath for its end the strength and security of all; and so long as the means of effecting this important end are thoroughly known and religiously attended to government is one of the richest blessings to mankind, and ought to be held in the highest veneration”

“Obama has demonstrated no desire to make tough choices. Americans demand a more efficient, effective government, but his budget calls for more taxes and more spending. It employs deceptive accounting gimmicks but does nothing to tackle long-term entitlement problems, nothing to save Medicare or fix Social Security.”

“Those who today always look for disciplinarian solutions, those who long for an exaggerated doctrinal 'security,' those who stubbornly try to recover a past that no longer exists - they have a static and inward-directed view of things. In this way, faith becomes an ideology among other ideologies.”

“I have had a strong and a long relationship on national security, I've been involved in every national crisis that this nation has faced since Beirut, I understand the issues, I understand and appreciate the enormity of the challenge we face from radical Islamic extremism. I am prepared. I am prepared. I need no on-the-job training. I wasn't a mayor for a short period of time. I wasn't a governor for a short period of time.”

“And with respect to the mode in which these general principles affect the secure possession of property, so far am I from invalidating such security, that the whole gist of these papers will be found ultimately to aim at an extension in its range; and whereas it has long been known and declared that the poor have no right to the property of the rich, I wish it also to be known and declared that the rich have no right to the property of the poor.”

“All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.”

“What do I actually mean when I say 'delusion'? I mean the absurdity of the claim that the excessive atomic armament of both sides creates a 'balance of terror' that reduces the danger of war; that in the long run it even offers a minimum of security. ... Hence the cynical saying: He who strikes first will die second.”

“But having made my decision as Commander-in-Chief based on what I am convinced is our national security interests, I will seek authorization for the use of force from the American people's representatives in Congress.”

“Development is a fundamental part of our national security. It is extreme poverty - the realities of access to water and food - which creates the long-term drivers of our insecurity. Most wars are fought over scarce resources, and that is going to accelerate in the future.”

“A second Homeland Security official has been arrested, a 49-year-old guy named Frank Figueroa, he was caught exposing and fondling himself to a teenage girl in a shopping mall in Florida. Do you realize? If Osama bin Laden was a 14-year old girl, we would have had him by now. ... Who is going to start protecting us from the Department of Homeland Security? ... It kind of makes you long for the good old wholesome days of the Clinton administration.”

“Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.”

“The climate, financial and national security crises are all connected. They share the same cause: Our [the USA's] absurd dependency on foreign oil. As long as we need to spend billions of dollars each year to buy foreign oil from state-run oil companies in the Persian Gulf, our problems of a trade deficit, a budget deficit and a climate crisis will persist.”

“The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end.”

“Justice, sir, is the great interest of man on earth. It is the ligament which holds civilized beings and civilized nations together. Wherever her temple stands, and so long as it is duly honored, there is a foundation for general security, general happiness, and the improvement and progress of our race.”

“A long time ago, when I was married, in the beginning it was bliss. I eloped after one month, and I married for security. I thought, 'I finally met a man who loves God and comes from a great family. I'm working, I love God, and I'm out here in California by myself, and I've met this great man.' So, I said yes. And we eloped.”

“As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can be made from buying and reselling such businesses, or from skilled investment in marketable securities. Nevertheless, they offer a pleasant long term form of activity (when conducted in conjunction with high grade, able people) at satisfactory rates of return.”

“One observer commenting on security analysts over forty stated: "They know too many things that are no longer true." As long as I am "on stage", publishing a regular record and assuming responsibility for management of what amounts to virtually 100% of the net worth of many partners, I will never be able to put sustained effort into any non-BPL activity. If I am going to participate publicly. I can't help being competitive. I know I don't want to be totally occupied with out-pacing an investment rabbit all my life. The only way to slow down is to stop.”