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 BONNERIf there is one thing that marks families with money in the long term it is this: delayed gratification.
More Bill Bonner Quotes
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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.’
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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.
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People do not get what they want or what they expect from the markets; they get what they deserve.
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If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.
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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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Harness the Power of Accelerated Failure – the faster you fail, the faster you succeed.
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God determines how fast you’re going to run; I can help only with the mechanics.
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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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Once vast numbers of people have come to believe the lie, they adjust their own behavior to bring themselves into sync with it, and thereby change the world itself.
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The economic freedom that made the U.S. economy the leader of the world has given way toa rigged, controlled, and regulated economy.
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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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The real purpose of running isn’t to win a race, it’s to test the limits of the human heart.
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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.
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If there is one thing that marks families with money in the long term it is this: delayed gratification.
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There is no bad weather, just soft runners.
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The athlete makes himself, the coach doesn’t make the athlete.
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The US is headed for ruin and revolution. The revolution will almost certainly be put down, violently. But the ruin cannot be stopped.
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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.
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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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You don’t get what you want from investing, you get what you deserve.
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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.
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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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Everything you need is already inside.
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If at the end of a race you know yourself that you have done your best, you’re a winner.
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The entire world economy rests on the consumer; if he ever stops spending money he doesn’t have on things he doesn’t need — we’re done for.
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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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