| 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. |
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- Michael Steinhardt |
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| In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys. |
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- Michael Steinhardt |
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| Perhaps the most important change is that the world has become much more short- term oriented. All sorts of people who used to be investors are now traders. |
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- Michael Steinhardt |
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| There is a very important difference between being a theoretical contrarian and dealing with it in practical terms. |
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- Michael Steinhardt |
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