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Michael Steinhardt Quotes: Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.
         

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
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Other quotes of 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 end.

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.



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

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



The balance between confidence and humility is best learned through extensive experience and mistakes.

The balance between confidence and humility is best learned through extensive experience and mistakes.



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

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



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.

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.



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.

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.

In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.



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

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.

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



A little part of my life is built around ancient art.

A little part of my life is built around ancient art.





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from the beginning, through themiddle years and up to theend:too bad, too bad, too bad.

from the beginning, through themiddle years and up to theend:too bad, too bad, too bad.



I scarcely know the meaning of your question; much less can I answer it.

I scarcely know the meaning of your question; much less can I answer it.



But there can be no secrets in a house where there are children.

But there can be no secrets in a house where there are children.



I like someone who embraces life; who wants to be on a long journey but has no particular plan or destination in mind. An adventurous man, open to the concept of living life in the moment.

I like someone who embraces life; who wants to be on a long journey but has no particular plan or destination in mind. An adventurous man, open to the concept of living life in the moment.



Fun-run" indeed,what a misnomer. That'd be like saying "calm gremlin" or "pleasant hag." Or 'entertaining history textbook.

Fun-run" indeed,what a misnomer. That'd be like saying "calm gremlin" or "pleasant hag." Or 'entertaining history textbook.



All the great advances in cinema came about from technology. The 3-D camera was not invented by a movie director. The new industries are driven by the innovations in science and technology.

All the great advances in cinema came about from technology. The 3-D camera was not invented by a movie director. The new industries are driven by the innovations in science and technology.



For me, painting means the continuation of dreaming by other means.

For me, painting means the continuation of dreaming by other means.



I tap a Malediction out of the box, fire it up, and puff. It tastes like a tire fire in a candy factory next door to a strip club. The best cigarettes ever.

I tap a Malediction out of the box, fire it up, and puff. It tastes like a tire fire in a candy factory next door to a strip club. The best cigarettes ever.




Quote Description


This page presents the quote "Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.". Author of this quote is Michael Steinhardt. This quote is about made a mistake, conviction, peculiar, ideas, flexibility, balance, investing, mistake,.