Michael Steinhardt Quotes

13 quotes in 216 categories

• I was happier when pursuing success than I was when savoring its fruits; the attraction, perhaps the addiction, was in the process, as much as…
• When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required,
• 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…
• Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.
• The balance between confidence and humility is best learned through extensive experience and mistakes.
• The markets are always changing, and the successful trader needs to adapt to these changes.
• In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.
• Part of my attraction to ancient art is that there is an element of risk, of speculation.
• 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 is…
• Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler.
• A little part of my life is built around ancient art.
• Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.
• In North America, the greatest threat to the Jewish people is not the external force of antisemitism, but the internal forces of apathy, inertia and…

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