Michael Steinhardt quotes
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“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 -
“The markets are always changing, and the successful trader needs to adapt to these changes.”
-- Michael Steinhardt -
“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 -
“Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.”
-- Michael Steinhardt -
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“A little part of my life is built around ancient art.”
-- Michael Steinhardt -
“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 -
“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 -
“Part of my attraction to ancient art is that there is an element of risk, of speculation.”
-- Michael Steinhardt -
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“In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.”
-- Michael Steinhardt -
“The balance between confidence and humility is best learned through extensive experience and mistakes.”
-- Michael Steinhardt -
“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 -
“When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required,”
-- Michael Steinhardt -
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“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
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