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Michael Steinhardt Quotes: 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


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.



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.





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Don't want to do a thing, Ran, do we, from now and on till evermore.

Don't want to do a thing, Ran, do we, from now and on till evermore.



How little do they see what really is, who frame their hasty judgment upon that which seems.

How little do they see what really is, who frame their hasty judgment upon that which seems.



Friends are really important, especially when you've had the successes that I've had. I've gone really far in my career, so they're the ones that keep you humble, keep your feet on the ground.

Friends are really important, especially when you've had the successes that I've had. I've gone really far in my career, so they're the ones that keep you humble, keep your feet on the ground.



I am strongly convinced that not only too much consciousness but even any consciousness at all is a sickness.

I am strongly convinced that not only too much consciousness but even any consciousness at all is a sickness.



Whatever is not commonly seen is condemned as alien.

Whatever is not commonly seen is condemned as alien.



I try to find nice chord changes, that's how I love to start, and then I start trying to knock it into a song, knock it into shape.

I try to find nice chord changes, that's how I love to start, and then I start trying to knock it into a song, knock it into shape.



Science Fiction will never run out of things to wonder about until the human race ceases to use its brain.

Science Fiction will never run out of things to wonder about until the human race ceases to use its brain.



If I know your sect, I anticipate your argument

If I know your sect, I anticipate your argument




The struggle is always between the individual and his sacred right to express himself and the power structure that seeks conformity, suppression, and obedience.

The struggle is always between the individual and his sacred right to express himself and the power structure that seeks conformity, suppression, and obedience.




Quote Description


This page presents the quote "Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds". Author of this quote is Michael Steinhardt. This quote is about horrible, customers, mutual fund, firm, mutual,.