GRACIOUS QUOTES

GRACIOUS
Start Here
Entrepreneurs / Investors

27 Michael Steinhardt Quotes on Success (INVESTOR)

YouTube video

6 of the Best Michael Steinhardt to Inspire More Joy and Success

Make good decisions even with incomplete information. You will never have all the information you need. What matters is what you do with the information you have.
Make good decisions even with incomplete information. You will never have all the information you need. What matters is what you do with the information you have.
Make all your mistakes early in life. The more tough lessons early on, the fewer errors you make later.
Make all your mistakes early in life. The more tough lessons early on, the fewer errors you make later.
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.
Always make your living doing something you enjoy.
Always make your living doing something you enjoy.
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.
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.

21 Famous Michael Steinhardt on Life, Happiness, and Investing

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.
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.
Always trust your intuition, which resembles a hidden supercomputer in the mind. It can help you do the right thing at the right time if you give it a chance.
Always trust your intuition, which resembles a hidden supercomputer in the mind. It can help you do the right thing at the right time if you give it a chance.

“Now people are charging much fancier fees, and they do not make the same demands on themselves. I was always anxious that my fees were egregious and that I had to have the best performance in the world to justify them.”

Michael Steinhardt
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.
Anyone who thinks he can formulate a success in this market is deluding himself because it changes too quickly.
Anyone who thinks he can formulate a success in this market is deluding himself because it changes too quickly.
Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler.
Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler.
Be intellectually competitive. The key to research is to assimilate as much data as possible in order to be to the first to sense a major change.
Be intellectually competitive. The key to research is to assimilate as much data as possible in order to be to the first to sense a major change.

“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.”

Michael Steinhardt
Do not make small investments. If you are going to put money at risk, make sure the reward is high enough to justify the time and effort you put into the investment decision.
Do not make small investments. If you are going to put money at risk, make sure the reward is high enough to justify the time and effort you put into the investment decision.
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.
When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required.
When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required.

“One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and perceiving the situation better than others do.”

Michael Steinhardt
Understanding market expectation is at least as important as, and often different from fundamental knowledge.
Understanding market expectation is at least as important as, and often different from fundamental knowledge.
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.
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.
Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds.
Brokerage firms don’t sell customers stock so much as they sell those horrible mutual funds.

“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
I always used fundamentals. Nevertheless, the fact is that often, the period of my investments was short-term.
I always used fundamentals. Nevertheless, the fact is that often, the period of my investments was short-term.
I do an enormous amount of trading, not necessarily just for profit, but also because it opens up other opportunities. I get a chance to smell many things. Trading is a catalyst.
I do an enormous amount of trading, not necessarily just for profit, but also because it opens up other opportunities. I get a chance to smell many things. Trading is a catalyst.
One dollar invested with me in 1967 would have been worth $481 on the day I closed the firm in 1995, versus $19 if it had been invested in a Standard & Poor’s index fund.
One dollar invested with me in 1967 would have been worth $481 on the day I closed the firm in 1995, versus $19 if it had been invested in a Standard & Poor’s index fund.

Michael Steinhardt Short Biography

Born on 7 December 1940 in New York City, U.S., Michael H. Steinhardt is an American pioneer of modern hedge fund, a remarkable investor who helped run WisdomTree Investments (ETF Investing) after his retirement and philanthropist who founded The Steinhardt Foundation for Jewish Life and co-founded Birthright Israel.

As of June 2020, Michael Steinhardt has a net worth of $1.1B. An incredible achievement and a truly self-made billionaire.

He was able to achieve such astronomical success due to his Wall Street records. Together with his partners, Michael Steinhardt was able to garner an annual average return of 24%. Twice the average returns of the S&P 500 for 28 years.

Steinhardt is a modern versatile investor who isn’t afraid of short and long term tradings. He is well versed in stocks, bonds, and currencies.

Further reading:

Here are the best Michael Steinhardt quotes so you can always trust your intuition and be intellectually competitive in the market.

(MUST READ)

No Bull: My Life In and Out of Markets
No Bull: My Life In and Out of Markets

Also read:

Michael Steinhardt Quotes on Success (INVESTOR) - Gracious Quotes