Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
Do we really want the people who created $40 trillion of unfunded liabilities in Social Security and Medicare in charge of our health care? Faceless bureaucrats, power-lusting politicians, and people spending other people's money are a recipe for disaster.
Yet a personal God can become a grave liability. He can be a mere idol carved in our own image, a projection of our limited needs, fears and desires. We can assume that he loves what we love and hates what we hate, endorsing our prejudices instead of compelling us to transcend them.
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
Banks are so protected from liability they would have to really do something that was their mistake in order for them to be liable for it. Banks don't look at signatures. They're processing millions of checks and they have very little liability.
I'm sure that the liability for doing a tracheotomy would be tremendous. You make one mistake, and it's over. Most doctors won't even do it.
One of the great liabilities of history is that all too many people fail to remain awake through great periods of social change. Every society has its protectors of status quo and its fraternities of the indifferent who are notorious for sleeping through revolutions. Today, our very survival depends on our ability to stay awake, to adjust to new ideas, to remain vigilant and to face the challenge of change.
Medical liability reform is not a Republican or Democrat issue or even a doctor versus lawyer issue. It is a patient issue.
Consider the idea that charisma can be as much a liability as an asset. Your strength of personality can sow the seeds of problems, when people filter the brutal facts from you.
This is something - we have to have the best defensive capabilities. We need to coordinate all of our efforts with the private sector. We need to give them liability relief so that we can do that.
It's such a liability to love another person.
To distance ourselves from our experience makes our feelings a liability, while staying in conversation with our experience makes our feelings a resource.
My feeling is that anarchists have to think in terms of a specific. I think the dispersal of anarchists all over the place, particularly very gifted ones who can turn out periodicals and do very effective public work, and their tendency to just pick up and take off is a liability.
The United States has degenerated into a social order that is awash in public stupidity and views critical thought as both a liability and a threat. Not only is this obvious in the presence of a celebrity culture that embraces the banal and idiotic, but also in the prevailing discourses and policies of a range of politicians and anti-public intellectuals who believe that the legacy of the Enlightenment needs to be reversed.
One of the great liabilities of history is that all too many people fail to remain awake through great periods of social change.
I ask to become a faery because I love a faery queen, and because she deserves to have someone who loves her for who she is, not what she is. She needs me. There are people-good people-I love and I'm a liability to them because I'm a mortal. I'm fragile. I'm fine. I am in this world. People I care about, the woman I love, friends in all three of the courts This is where I belong. I just need you to give me what it takes to stay with them and be strong enough not to fail them.
The world belongs to people with IQs of 120. Anything much greater or less amounts to a liability.
It is the collective responsibility of the citizens in a modern state to ensure by all means necessary that its government adheres to the rule of law, not just domestically, but internationally. There are no bystanders. No one is entitled to an 'apolitical' exemption from such obligation. Where default occurs, either by citizens endorsement of official criminality or by the failure of citizens to effectively oppose it, liability is incurred by all
I don't think there's a problem. First of all, I don't think music turns people into social liabilities. Because you hear a lyric - there's no medical proof that a person hearing a lyric is going to act out the lyric. There's also no medical proof that if you hear any collection of vowels and consonants, that the hearing of that collection is going to send you to Hell.
The thing about being irresponsible is it's only cute till you are about twenty-two or so, then it becomes a liability. One day you wake up under a pizza box, the television blaring in your bedroom, the laundry piled up over what might be a bedside table, and you ask yourself: 'How did my life get like this? Why don't people like me? Didn't I have a cat and what is that smell?'
Theoretically, I grant you, there is no possibility of error in necessary reasoning. But to speak thus "theoretically," is to uselanguage in a Pickwickian sense. In practice, and in fact, mathematics is not exempt from that liability to error that affects everything that man does.
If a woman is really injured by her marriage, she should sue under the employer liability act. She should claim damages--not alimony.
Simply according artistic works the same protection as nonartistic works may not be sufficient to protect creativity. After all, the very essence of artistic expression is invention and artists necessarily draw on their own experience. But if the rules of liability are unclear, artists will not be able to know how much disguise is sufficient to protect their claims from the claims of those who may see themselves in the portrayals.
I do not think there should be a limit on the rig's liability, because they are sitting on top of unlimited amounts of oil, and thus, there could be an explosion occur that could do untold damage. ... The amount of damage that an offshore oil rig can do is infinite.
A candidate for office can have no greater advantage than muddled syntax; no greater liability than a command of language.
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