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.
When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required. - Michael Steinhardt
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
Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds
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
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…
The markets are always changing, and the successful trader needs to adapt to these changes. - Michael Steinhardt
The markets are always changing, and the successful trader needs to adapt to these changes.
You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth. - Michael Steinhardt
You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth.
One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and … - Michael Steinhardt
One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and …
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
Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants…
Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas. - Michael Steinhardt
Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.
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
Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.
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