A Quote by Theodore Roosevelt
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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Everything is un-American that tends either to government by a plutocracy or government by a mob. To divide along the lines of section or caste or creed is un-American. All privileges based on wealth, and all enmity to honest men merely because they are wealthy, are un-American-both of them equally so. The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living and the get-rich-quick theory of life.
We have never considered any costs as fixed. Therefore we first reduce the price to a point where we believe more sales will result. Then we go ahead and try to make the price. We do not bother about the costs. The new price forces the cost down.
We discovered that peace at any price is no peace at all. We discovered that life at any price has no value whatever; that life is nothing without the privileges, the prides, the rights, the joys which make it worth living, and also worth giving. And we also discovered that there is something more hideous, more atrocious than war or than death; and that is to live in fear.
Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ...Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price."
The first theory is that if we make the rich richer, somehow they will let a part of their prosperity trickle down to the rest of us. The second theory was the theory that if we make the average of mankind comfortable and secure, their prosperity will rise upward through the ranks.
The price we are willing to pay for safety cannot be infinite. It is distasteful to put a price on human life, but the more we spend on safety, the less we will have for our other goals.
We shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty... All this will not be finished in the first 100 days. Nor will it be finished in the first 1000 days, nor in the life of this Administration, nor even perhaps in our lifetime on this planet. But let us begin... And so, my fellow Americans: ask not what your country can do for you - ask what you can do for your country.
The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.
We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.
Whatever the price, identify it now. What will you have to go through to get where you want to be? There is a price you can pay to be free of the situation once and for all. It may be a fantastic price or a tiny one -- but there is a price.
Whatever the price, identify it now. What will you have to go through to get where you want to be? There is a price you can pay to be free of the situation once and for all. It may be a fantastic price or a tiny one - but there is a price.
You either believe in Europe at any price: in other words we have to be in Europe at any price because you can't survive without it, or you don't. If you don't it tends to suggest there is a price which you are not willing to pay.
I've a theory that one can always get anything one wants if one will pay the price. And do you know what the price is, nine times out of ten? Compromise.
There are only three requirements for success. First, decide exactly what it is you want in life. Second, determine the price that you are going to have to pay to get the things you want. And third, and this is most important, resolve to pay that price.
Farmers will not see good days unless their produce gets a guaranteed price. Even a notebook, a pen, or a soap has a price printed on it, but the milk that farmers sell do not have any price.
The coming change can only come through a revolution, because the possessing class will not allow a peaceful change to take place; still we are willing to work for peace at any price, except at the price of liberty.
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