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