We have already transgressed the limit of safety, and the present disorders of our time are but precursors of other and imminent dangers. The rudder of our ship has ceased to move obedient to the helm. We are drifting on the seething tide of business, each one absorbed in holding his own in the giddy race of competition, each one engrossed in immediate cares and seldom disturbed by thoughts of larger concerns and ampler interests. Even our domestic life has lost much of its former warmth and geniality.
Felix Adler
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...
Warren Buffett
Fast drivers can see no further than slow drivers, but they must look further down the road to time their reactions safely. Similarly, people with great projects afoot habitually look further and more clearly into the future than people who are mired in day-to-day concerns. These former control the future because by necessity they must project themselves into it; and the upshot is that, like ambitious settlers, they stake out larger plots and homesteads of time than the rest of us. They do not easily grow sad or old; they are seldom intimidated by the alarms and confusions of the present because they have something greater of their own, some sense of their large and coherent motion in time, to compare the present with.
Robert Grudin
An additional reason for caution in dealing with corporations is to be found in the international commercial conditions of to-day. The same business conditions which have produced the great aggregations of corporate and individual wealth have made them very potent factors in international Commercial competition. Business concerns which have the largest means at their disposal and are managed by the ablest men are naturally those which take the lead in the strife for commercial supremacy among the nations of the world. America has only just begun to assume that commanding position in the international business world which we believe will more and more be hers. It is of the utmost importance that this position be not jeoparded, especially at a time when the overflowing abundance of our own natural resources and the skill, business energy, and mechanical aptitude of our people make foreign markets essential. Under such conditions it would be most unwise to cramp or to fetter the youthful strength of our Nation. Moreover, it cannot too often be pointed out that to strike with ignorant violence at the interests of one set of men almost inevitably endangers the interests of all. The fundamental rule in our national life —the rule which underlies all others—is that, on the whole, and in the long run, we shall go up or down together.
Theodore Roosevelt
...I had the view of a castle of romance inhabited by a rosy sprite, such a place as would somehow, for diversion of the young idea, take all colour out of storybooks and fairy tales. Wasn't it just a storybook over which I had fallen a-doze and a-dream? No; it was a big, ugly, antique, but convenient house, embodying a few features of a building still older, half replaced and half utilised, in which I had the fancy of our being almost as lost as a handful of passengers in a great drifting ship. Well, I was, strangely, at the helm!
Henry James
While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of the few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race.
Andrew Carnegie
Adler, Felix
Adler, Freda
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z