Michael Steinhardt
Michael Steinhardt
Michael H. Steinhardtis an American hedge fund manager, financier, investor, newspaper publisher, and philanthropist active in Jewish causes. He was one of the first prominent hedge fund managers, and is a graduate of the Wharton School of the University of Pennsylvania. He founded Steinhardt, Fine, Berkowitz & Co., a hedge fund, in 1967. Author Sebastian Mallaby referred to Steinhardt as "a legend in the story of hedge funds, partly because of his success as a trader, but also because of...
NationalityAmerican
ProfessionBusinessman
Date of Birth7 December 1940
CountryUnited States of America
If you see a wonderful archaic Greek marble object in a museum, it's not only that it's beautiful, but what comes to your mind is the fact that it's 2,600 or so years old, and it was done by a human being at that time who you have such a limited ability to grasp - and yet you have this enormous ability to grasp.
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.
Now people are charging much fancier fees, and they don't 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.
Speculative joy, the joy derived from being right and being rewarded, may well be similar to the rush felt by a winning gambler.
I was always anxious that my fees were egregious and that I had to have the best performance in the world to justify them.
He knows Hillel as well as anyone coming in, certainly better than the other candidates. He's familiar with the system, he's committed, intelligent, he's attractive and he's got great motivation to do the job.
I hope he has the breadth to do it.
Part of my attraction to ancient art is that there is an element of risk, of speculation.
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.
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.