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Michael Steinhardt Quotes: 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.


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.



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.



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.



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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If you want to buy a good movie, you'll buy a good movie. If you don't want to buy a good movie, you'll buy a 'Twilight' movie.

If you want to buy a good movie, you'll buy a good movie. If you don't want to buy a good movie, you'll buy a 'Twilight' movie.



You own a dog with the knowledge that it will move through the stages of existence in fast forward, providing you with a lesson about your own life passages if you let it.

You own a dog with the knowledge that it will move through the stages of existence in fast forward, providing you with a lesson about your own life passages if you let it.



I grew up before there were strict leash laws.

I grew up before there were strict leash laws.



It is impossible to survive in a prolonged state of reality, at least for human beings. We spend a good part of our lives dreaming, especially when we're awake.

It is impossible to survive in a prolonged state of reality, at least for human beings. We spend a good part of our lives dreaming, especially when we're awake.



I do think how two people dance with each other is indicative of how they feel about each other. It can tell a lot more than a verbal scene.

I do think how two people dance with each other is indicative of how they feel about each other. It can tell a lot more than a verbal scene.



Look at the cherry blossoms! Their color and scent fall with them, Are gone forever, Yet mindless The spring comes again.

Look at the cherry blossoms! Their color and scent fall with them, Are gone forever, Yet mindless The spring comes again.



For the raindrop, joy is in entering the river.

For the raindrop, joy is in entering the river.



Software development is technical activity conducted by human beings.

Software development is technical activity conducted by human beings.



Let wickedness escape as it may at the bar, it never fails of doing justice upon itself; for every guilty person is his own hangman.

Let wickedness escape as it may at the bar, it never fails of doing justice upon itself; for every guilty person is his own hangman.



I've never been sentimental about my horse. The horse doesn't give a damn about you. If you want to know the truth - horses are dumb.

I've never been sentimental about my horse. The horse doesn't give a damn about you. If you want to know the truth - horses are dumb.




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This page presents the quote "In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.". Author of this quote is Michael Steinhardt. This quote is about today, long, hero, 1960s, investors, wise, term,.