Michael Steinhardt Quotes:- Michael H. Steinhardt is an investor, philanthropist, and hedge fund manager from America. Popular Michael Steinhardt Quotes talks about the balance between confidence and humility. He says that you can best learn the balance through experience and mistakes. Experience makes you know things better and mistakes help you learn things. Famous Quotes by Michael Steinhardt are about art. He says that art is an asset. He finds himself attracted towards ancient art. The reason he tells for that attraction is the risk that lies in the ancient art. He says that there is an element of risk and speculation in those arts. Michael Steinhardt Best Quotes are really thoughtful. He says that hardest things are to go against things that are accepted by people for a long time. Having a view that is different from the present and prevalent consent is the hardest thing according to him. Michael Steinhardt Quotes about traders suggest three things that every good trader should have. He says that every good trader should have the inability to accept things at face value. The trader must feel unsettled continuously and must have humility. He has the experience, knowledge, and skills which makes his quotes beneficial for people making their career in the same line as his. Michael Steinhardt Quotes about good decisions are motivating. He says that you must make good decisions no matter what the situation is. Even if you have incomplete information, you need to make good decisions. He says that you never have complete information i.e. everything and every information that you might need and therefore, you should be capable enough to make good decisions out of what you have. Michael Steinhardt Quotes about success are true. He says that he enjoyed the path to success more than its fruits. Once you reach what you desired, that becomes normal anf boring to you.
Famous Quotes by Michael Steinhardt
Part of my attraction to ancient art is that there is an element of risk, of speculation.
Anyone who thinks he can formulate a success in this market is deluding himself because it changes too quickly. As soon as a formula is right for any length of time, its own success carries the weight of its inevitable failure.
The balance between confidence and humility is best learned through extensive experience and mistakes.
Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.
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 Best Quotes
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.
In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.
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Brokerage firms don’t sell customers stock so much as they sell those horrible mutual funds
Just as outright euphoria is often a sign of a market top, fear is for sure a sign of a market bottom. Time and time 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 treasury bills, you can almost close your eyes and get long stocks.
Always make your living doing something you enjoy.