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A teacher is never too smart to learn from his pupils.

Bill Bonner

You can forget about recovery. There is no recovery – and there’s not going to be any recovery. Recovery is an impossibility.
BILL BONNER

Forget Impossibility Recovery
A teacher is never too smart to learn from his pupils. But while runners differ, basic principles never change.
BILL BONNER

Running Smart Teacher
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.
BILL BONNER

People Real Scapegoats Upset
Both the liberal and the conservative are in agreement: it is all very well to let the people alone, but only if they do what you want them to do.
BILL BONNER

Agreement Liberal People Want
There’s no such thing as bad weather, just soft people.
BILL BONNER

Funny Motivational Nike
Yes, there are constraints on the way the insiders use their power. There are ‘checks and balances,’ built into the constitution, for example.
BILL BONNER

Balance Checks Constraints Construction Example
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.
BILL BONNER

Littles Man Rich Want Wealth
Don’t give anything away. Never make it easy for the guys you are trying to beat.
BILL BONNER

Giving Guy Trying
If there is one thing that marks families with money in the long term it is this: delayed gratification.
BILL BONNER

Delayed Gratification Long Mark
Several of my critics have said, ‘Bowerman just tacks up a piece of paper in the locker room and turns his runners loose.’ They’re partially right. I do give the athletes a relatively free rein and for good reason. One of my principles is? ‘Don’t overcoach.’
BILL BONNER

Athlete Giving Running
That is the problem with age and wisdom—it merely shows you how helpless you are. The wiser you become, the more you learn to keep your mouth shut, until eventually the grave silences you forever.
BILL BONNER

Forever Learning Wisdom
If you have a body, you are an athlete!
BILL BONNER

Athlete Body Motivational
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 BONNER

Begin Eventually Government Painkillers
So it’s a matter of fitting your current practices to fit the event and the individual. See, what’s good for you might not be worth a darn for the next guy.
BILL BONNER

Current Good Guy might Next Practical
None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
BILL BONNER

Country Debt None Problem
The athlete makes himself, the coach doesn’t make the athlete.
BILL BONNER

Athlete Coaches Health Update

A teacher is never too smart to learn from his pupils.

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A teacher is never too smart to learn from his pupils.

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