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Stills Quotes

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Stills Quotes

“If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.”

“In a democracy it is ultimately for us, the citizens, to judge where to place the balance between security and privacy, safety and liberty. It's our lives and liberties that are threatened, not only by terrorism but also by massive depredations of our privacy in the name of counter-terrorism. If those companies from which governments actually take most of our intimate details want to show that they are still on the side of the angels, they had better join this struggle for transparency too.”