The full quote appears in part 2 of the novel, "The Sieve and the Sand," on page 110, as follows:
That's the good part of dying; when you've got nothing to lose, you run any risk you want.
Montag has gone to Professor Faber's house in an attempt to persuade him to teach him about books and help him expand his knowledge. Faber tells him that books aren't magical things by themselves, but they contain information that people construe as magic because they help them understand the world in what he considers a more textured manner, unlike television, which he says blasts the information into you.
Montag tells Faber, "I can get more books," but Faber thinks he is running too much of a risk. It is at that point that Montag speaks the above line. Basically, he is saying he has gone too far to go back; he may...
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as well go all the way.
Montag is talking to Faber. Faber is telling him his ideas on what the world needs to do to correct society. He says that the first thing is to access quality information because something with the quality of information will "touch life often". (pg 83) The second thing is to give people time to think. Number three is the right to carry out the actions based on what was learned from the first two. He doesn't think that a fireman and an old man can accomplish that goal at this point in time. Society has progressed too far to reverse the damage.
They had already hatched a plan to get books, copy them, plant them in the fireman's homes and create an atmosphere of distrust and treasonous behavior on the part of the firemen. At this point Montag says that he can get the books. Faber remarks that it would be at great risk that he would do that. Then Montag remarks,
"That is the good part of dying; when you've nothing to lose, you run any risk you want." (pg 85)