Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler. — Michael Steinhardt Copy Share Image
The Orthodox believe in Jewish literacy, and most of the rest of us couldn't care less. Rabbis and other creatures have a monopoly on… — Michael Steinhardt Copy Share Image
When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required, — Michael Steinhardt Copy Share Image
Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake. — Michael Steinhardt Copy Share Image
If you see a wonderful archaic Greek marble object in a museum, it's not only that it's beautiful, but what comes to your mind… — Michael Steinhardt Copy Share Image
A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have… — Michael Steinhardt Copy Share Image
The balance between confidence and humility is best learned through extensive experience and mistakes. — Michael Steinhardt Copy Share Image
Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants… — Michael Steinhardt Copy Share Image
Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds — Michael Steinhardt Copy Share Image
In North America, the greatest threat to the Jewish people is not the external force of antisemitism, but the internal forces of apathy, inertia… — Michael Steinhardt Copy Share Image
Part of my attraction to ancient art is that there is an element of risk, of speculation. — Michael Steinhardt Copy Share Image
One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and perceiving the… — Michael Steinhardt Copy Share Image
![“Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only [bonds], you can almost close your eyes and [buy] stocks.” quote by Michael Steinhardt](https://sms4smile.com/quotes/img-quotes/681/michael-steinhardt-27040_close-your-eyes_time-and-again-in-every-market-cycle-i-h_1312331.jpg)
