If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.
BILL BONNERIf someone says, ‘Hey, I ran 100 miles this week. How far did you run?’ ignore him! What the hell difference does it make?…. The magic is in the man, not the 100 miles.
More Bill Bonner Quotes
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You don’t get what you want from investing, you get what you deserve.
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Harness the Power of Accelerated Failure – the faster you fail, the faster you succeed.
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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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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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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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Norman Rockwell spent his career painting pictures that helped people understand their own feelings…pictures that enriched their own experiences and celebrated their own lives.
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God determines how fast you’re going to run; I can help only with the mechanics.
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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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Victory is in having done your best. If you’ve done your best, you’ve won.
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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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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.
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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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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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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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A teacher is never too smart to learn from his pupils. But while runners differ, basic principles never change.
BILL BONNER