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

- Michael Steinhardt

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

- Michael Steinhardt

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…

- Michael Steinhardt

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

- Michael Steinhardt

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

- Michael Steinhardt

One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and …

- 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…

- Michael Steinhardt

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

- 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