And there are cultural norms and traditional prohibitions. But eventually, the norms and traditions wear off, like painkillers. And then, the pain of raw government begins again.
BILL BONNERA teacher is never too smart to learn from his pupils. But while runners differ, basic principles never change.
More Bill Bonner Quotes
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A teacher is never too smart to learn from his pupils. But while runners differ, basic principles never change.
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Now it is done by the central bankers and Treasury Secretaries themselves. They don’t apologize for it. They don’t hang their heads and contemplate blowing their brains out. Instead, they’re proud of it… announcing that they ‘saved civilization,’ or some such claptrap.
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You can forget about recovery. There is no recovery – and there’s not going to be any recovery. Recovery is an impossibility.
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A man’s wealth can…also be measured by what he doesn’t have and doesn’t want. When he wants little, he is a rich man.
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The world, then, no longer resembles the one that gave rise to the original insight. Soon, a person’s situation is so at odds with the world as it really is that a crisis develops, and he or she must seek a new metaphor for explanation and guidance.
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People are upset. They know something is wrong. But they don’t know what. The real explanation is too complicated. They won’t sit still for it. So, they look for scapegoats – the rich…the banks…the Chinese.
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You don’t get what you want from investing, you get what you deserve.
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Don’t give anything away. Never make it easy for the guys you are trying to beat.
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Harness the Power of Accelerated Failure – the faster you fail, the faster you succeed.
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Only simple ideas can be held by large groups of people. Commonly held ideas are almost always dumbed down until they are practically lies… and often dangerous ones.
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I still bother with runners I call hamburgers. They’re never going to run any record times. But they can fulfill their own potential.
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There is no bad weather, just soft runners.
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Everything you need is already inside.
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Yes, there are constraints on the way the insiders use their power. There are ‘checks and balances,’ built into the constitution, for example.
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The idea that the harder you work, the better you’re going to be is just garbage. The greatest improvement is made by the man or woman who works most intelligently.
BILL BONNER