Michael Steinhardt famous quotes

Last updated: Sep 5, 2024

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 in its end.
-- Michael Steinhardt

#Addiction #Fruit #Process
The markets are always changing, and the successful trader needs to adapt to these changes.
-- Michael Steinhardt

#Successful #Needs #Traders
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

#Mistake #Ideas #Balance
Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.
-- Michael Steinhardt

#Art #Assets #Form
A little part of my life is built around ancient art.
-- Michael Steinhardt

#Art #Littles #Life Is
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 ignorance of our own heritage.
-- Michael Steinhardt

#Ignorance #America #People
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 the fact that it's 2,600 or so years old, and it was done by a human being at that time who you have such a limited ability to grasp - and yet you have this enormous ability to grasp.
-- Michael Steinhardt

#Beautiful #Years #Museums
Part of my attraction to ancient art is that there is an element of risk, of speculation.
-- Michael Steinhardt

#Art #Risk #Elements
In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.
-- Michael Steinhardt

#Wise #Hero #Long
The balance between confidence and humility is best learned through extensive experience and mistakes.
-- Michael Steinhardt

#Mistake #Humility #Balance
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.
-- Michael Steinhardt

#Eye #World #Want
When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required,
-- Michael Steinhardt

#Pain #Views #Uncomfortable
The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view.
-- Michael Steinhardt

#Views #Years #Hardest

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