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“If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.”

“There is simply too much unnecessary suffering in our world. And we should see that as a national security risk, by the way. Given enough time, desperate people will tend to do desperate things. At a certain point you won't be able to build enough prisons or enough bombs to eradicate the effects of all that violence inside so many hearts.”

“The developed world should neither shelter nor militarily destabilize authoritarian regimes unless those regimes represent an imminent threat to the national security of other states. Developed states should instead work to create the conditions most favorable for a closed regime's safe passage through the least stable segment of the J curve however and whenever the slide toward instability comes. And developed states should minimize the risk these states pose the rest of the world as their transition toward modernity begins.”

“To seek Truth is automatically a calling for the innate dissident and the subversive; how many are willing to give up safety and security for the perilous life of the spiritual revolutionary? How many are willing to truly learn that their own cherished concepts are wrong? Striking provocative or mysterious poses in the safety of Internet [social media] is far easier than taking the risks involved in the hard work of genuine initiation.”

“Exploration belongs to the Renaissance, travel to the bourgeois age, tourism to our proletarian moment.The explorer seeks theundiscovered, the traveler that which has been discovered by the mind working in history,the tourist that which has been discovered by entrepreneurship and prepared for him by the arts of mass publicity.If the explorer moves toward the risks of the formless and the unknown, the tourist moves toward the security of pure cliché. It is between these two poles that the traveler mediates.”

“Without a deal [with Iran], the international sanctions regime will unravel with little ability to reimpose them. With this deal, we have the possibility of peacefully resolving a major threat to regional and international security. Without a deal, we risk even more war in the Middle East and other countries in the region would feel compelled to pursue their own nuclear programs, threatening a nuclear arms race in the most volatile region in the world.”

“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.”

“It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.”

“[In the event of war, Americans would] resort for repose and security to institutions which have a tendency to destroy their civil and political rights. To be more safe they, at length, become willing to run the risk of being less free.”

“Let no one doubt, we will defend America's security and the cause of freedom around the world. But we want a president who tells us what America is fighting for, not just what we are fighting against. We want a president who will defend human rights - not just where it is convenient - but wherever freedom is at risk - from Chile to Afghanistan, from Poland to South Africa”

“However, if one has been playing the buy-and-hold game with quality securities, one has been exposed to a substantial amount of market risk because the valuations placed on these securities have implied overly rosy scenarios prone to popular revision in times of more realistic expectation. This is one of those times, but it is my feeling that the revisions have not been severe enough, the expectations not yet realistic enough. Hence, the world's best companies largely remain overpriced in the marketplace.”

“Four hundred top-decision makers listed the myriad looming threats to global security, including famine, terrorism, inequality, disease, poverty and climate change. Yet when we tried to address each diverse force, we found them all attached to one universal security risk: fresh water.”

“The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.”

“Macroeconomic stability will be more elusive and that will affect all of our lives: from the risks many will face in childhood, to the security of employment at working age, to the challenge of accumulating for retirement. More financial instability will introduce more uncertainty all down the line, and that will be a very different world than the one we would have lived in only a couple of decades ago.”