23 Quotes by Michael Steinhardt

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

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

When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required,

Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds

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

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.

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

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