Michael Steinhardt quotes: wise famous quotes, sayings and quotations by Michael Steinhardt

Michael Steinhardt Famous Quotes & Sayings

Discover top inspirational quotes from Michael Steinhardt on Wise Famous Quotes.

The markets are always changing, and the successful trader needs to adapt to these changes.

Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.

In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required,

A little part of my life is built around ancient art.

Part of my attraction to ancient art is that there is an element of risk, of speculation.

You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth.

Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.

Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler.

The balance between confidence and humility is best learned through extensive experience and mistakes.