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Security Quotes

“I have consciously sought after those things which make for value, order, richness, spirit and wonder, even though I am often unable to verbalize what I feel when I perceive something beautiful. Sometimes it's a pang or a sensation; at other times it is an awareness of joy and security or pure pleasure. In any event, it is a moment to be celebrated. Beauty justifies itself. The fact that it is beyond definition means nothing.”

“Through the history of art we can see through the emotional life, and sometimes the financial security of some of the artists, some transformation. And I really believe that it's generally about the same kind of transformation and the same kind of reaction. We are a little bit less individual than we would like to believe or guess we are.”

“If a man surrenders all power of self-determination in regard to the profits, management or ownership of the place where he works, he not only loses that special prerogative which marks him off from a cow in a pasture, but what is worse, he loses all capacity for determining any work. This is the beginning of a slavery which sometimes goes by the name of security.”

“In moments of spiritual crisis we naturally fall back upon what worked for us, or seemed to work, heretofore. Sometimes this shows up through the reassertion of our old values in belligerent, testy ways. Regression of any kind is just such a return to old presumptions, often after they have been shown to be insufficient for the complexity of larger questions. The virtue of the old presumptions is that they once worked, or seemed to work, and therein lies if not certainty, then nostalgia for a previous, presumptive security. In our private lives, we frequently fall back upon our old roles.”

“We have been trying to point out that this concept of an indefinitely favorable future is dangerous, even if it is true; because even if it is true you can easily overvalue the security, since you make it worth anything you want it to be worth. Beyond this, it is particularly dangerous too, because sometimes your ideas of the future turn out to be wrong. Then you have paid an awful lot for a future that isn't there. Your position then is pretty bad.”

“Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they bet against George Soros and for the British pound. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. Opportunities are rare, and large opportunities on which one can put nearly unlimited capital to work at tremendous potential returns are even more rare. Selectively shorting the most problematic mortgage-backed securities in history today amounts to just such an opportunity.”

“Sometimes, when asked the what-do-you-do question, it occurs to me to say that I work for the government. I have a government job, essential to national security. I AM A CITIZEN. Like the Supreme Court judges, my job is for life, and the well-being of my country depends on me. It seems fair to think that I should be held accountable for my record in the same way I expect accountability from those who seek elected office. I would like to be able to say that I can stand on my record and am proud of it.”

“People think it’s hard to travel to the airports. 9/11 has made our travel difficult, with the security laws and that. As far as comparing what we do to driving 3,000 miles a week, making fifty bucks a night, sometimes one hundred bucks a night, it’s a lot different. Guaranteed contracts, first class air fare, Hilton hotels in London, Champaign. Waddaya want? What more could you ask for!”

“When you have difficult issues on the table for discussion, then sometimes for Africa you may have Burundi or Gambia representing them on the Security Council; and then for Latin America you may have a country like Costa Rica, which is a wonderful country but they don't have the same weight as others from the other regions. And sometimes they get bullied. Sometimes their capitals come under lots of pressure to take a position.”