"Speculative joy, the joy derived from being right……" — Michael Steinhardt
"Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler."
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Michael Steinhardt
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13 Quotes by Michael Steinhardt
Michael Steinhardt has 13 quotes on this site.
A few more worth reading:
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I was happier when pursuing success than I was when savoring its fruits; the attraction, perhaps the addiction, was in…
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When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required,
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Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors.…
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Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you…
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The balance between confidence and humility is best learned through extensive experience and mistakes.
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The markets are always changing, and the successful trader needs to adapt to these changes.
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In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.
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Part of my attraction to ancient art is that there is an element of risk, of speculation.
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If you see a wonderful archaic Greek marble object in a museum, it's not only that it's beautiful, but what…
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A little part of my life is built around ancient art.
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Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.
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In North America, the greatest threat to the Jewish people is not the external force of antisemitism, but the internal…
See all 13 quotes by Michael Steinhardt »
More Derived Quotes
This quote is filed under Derived Quotes,
one of 319 quotes in that category. Here are a few more:
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Do not measure your loss by itself; if you do, it will seem intolerable; but if you will take all…
— Saint Basil
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I do transcendental meditation, which is, I suppose, derived from Vedic or Ayurvedic principles, which is sort of Hindu principles.
— Russell Brand
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The whole world appears to me like a huge vacuum, a vast empty space, whence nothing desirable, or at least…
— David Brainerd
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If the people are happy, united, wealthy, and powerful, we presume the rest. We conclude that to be good from…
— Edmund Burke
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The fruit derived from labor is the sweetest of pleasures.
— Luc de Clapiers
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Under current federal policy on human embryonic stem cell research, only those stem cell lines derived before August 9, 2001…
— Tom Allen
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In evolution, as in all areas of science, our knowledge is incomplete. But the entire success of the scientific enterprise…
— Bruce Alberts
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America does not seem to remember that it derived its wealth, its values, its food, much of its medicine, and…
— Paula Gunn Allen
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It is impossible to talk of respect for students for the dignity that is in the process of coming to…
— Paulo Freire
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It is therefore indisputable that the limbs of architecture are derived from the limbs of man.
— Michelangelo
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It is not from nature, but from education and habits, that our wants are chiefly derived.
— Henry Fielding
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My hand moves because certain forces--electric, magnetic, or whatever 'nerve-force' may prove to be--are impressed on it by my brain.…
— Lewis Carroll
See all 319 Derived Quotes »