The first part of the verse is quoted from Hab. 2:4 (see comment there and on Rom. 1:17; cf. Gal. 3:11). Here, “the just” are to “live by faith” while awaiting the promised coming of Christ. By faith they are to endure patiently the troublous times that precede His advent.
A common Biblical expression meaning “I” (see on Ps. 16:10).
No pleasure.
Those who “draw back” from the pathway of faith can never expect to hear the words, “Well done, thou good and faithful servant: ... enter thou into the joy of thy lord” (Matt. 25:21).