In the 1950s and 1960s, the ...

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.
 Michael Steinhardt

More phrases

If one does not know to which port one is sailing, no wind is favorable.
What a distressing contrast there is between the radiant intelligence of the child and the feeble mentality of the average adult.
We are masters of the unsaid words, but slaves of those we let slip out.
I have always found that mercy bears richer fruits than strict justice.
A lie gets halfway around the world before the truth has a chance to get its pants on.

Quotes from the same author

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