Michael Steinhardt Quotes

#1. Dozens of America's wealthiest taxpayers - including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry's fame - have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year.

Joe Conason

#2. Many cultures accept the faulty nature of memory. They know even the photograph only gets it halfway right. They believe there is only one way to bring the dead back to life, story.

Jon Chopan

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

Michael Steinhardt

#4. In North America, the greatest threat to the Jewish people is not the external force of antisemitism, but the internal forces of apathy, inertia and ignorance of our own heritage.

Michael Steinhardt

#5. The first person a customer speaks with has the greatest impact on that customer's impression of Safeway.

Steven Burd

#6. 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.

Michael Steinhardt

#7. No place is a place until it has found its poet.

Wallace Stegner

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

Michael Steinhardt

#9. Don't waste your energy trying to convince people to understand you. Your time is too valuable to try to prove yourself to people.

Joel Osteen

#10. I think there's always great tension because there never seems to be enough - there is always pressure. There's always pressure because there isn't enough time. There's never enough time for a movie, it seems to me. Never.

Maggie Smith

#11. We've been told there's a certain way to live ... that this is living ... and we ... we never really questioned it. We just sort of went along. But what if it's not the best way? What if there's another way that's better? What if there's something more?!

Walter Wykes

#12. I read, read enormously on all different fields of Islamic thought, from philosophy to Islamic literature, poetry, exegeses, knowledge of the Hadith, the teachings of the prophet. That's how I trained myself. And then I was appointed imam by a Sufi master from Istanbul, Turkey.

Feisal Abdul Rauf

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

Michael Steinhardt

#14. 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

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

Michael Steinhardt

#16. She would not say of anyone that they were this or that.

Virginia Woolf

#17. Abusive parents have inappropriate expectations of their children, with a reversal of dependence needs. Parents treat an abused child as if the child were older than the parents. A parent often turns to the child for reassurance, nurturing, comfort, and protection and expects a loving response.

Benjamin James Sadock

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

Michael Steinhardt

#19. The Orthodox believe in Jewish literacy, and most of the rest of us couldn't care less. Rabbis and other creatures have a monopoly on Judaism. This is a turnoff in a world that is increasingly secular and that has turned away from religion. Jews are simply turning away from Judaism.

Michael Steinhardt

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

Michael Steinhardt

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

Michael Steinhardt

#22. The world goes on as before, and it turns out that nobody else seems to to notice the unbearable lightness of being.

Lewis H. Lapham

#23. 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

#24. 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.

Michael Steinhardt

#25. The punishment of shaving a woman's head had biblical origins. In Europe, the practice dated back to the Dark Ages with the Visigoths.

Antony Beevor

#26. Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler.

Michael Steinhardt

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

Michael Steinhardt

#28. Every profession has changed. Journalism has changed. Medicine has changed. Technology has changed and it evolves. The same is true of football. Free agency has now allowed teams to be a dynasty as they have been before. It is not a great thing for the fans, but it is a good thing for the players.

Marv Levy

#29. Those heart-hammering nightmares that start to lose coherence even as you're waking up from them, but that still manage to leave their moldering fingerprints all across your day.

Mike Carey

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

Michael Steinhardt