Michael Steinhardt
No Bull : My Life In and Out of Markets--Click To Buy
Michael Steinhardt .
Born: 1941.
Most Famous For:$1000 invested with Steinhardt when he founded his firm in 1967 would be worth $462000 today.
Quote:"In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys."
In 21 years, his fund had been average 40% net long. The range was 15-20% net short to >100% net long. The flexibility to shift market exposure provided him with an important money management tool.
Founded Steinhardt, Fine & Berkowitz. Fine left and started Charter Oak Partners. Berkowitz left and started HPB Associates.
A major advice to any layman: Recognize that this is a very competitive business, and when you decide to buy and sell, you are competing with people who have devoted much of their lives to this same endeavor. These professionals are on the opposite side of your trades and, on balance, they are going to beat you.
Book: No Bull : My Life In and Out of Markets-by Michael Steinhardt.Click Below to Buy.
No Bull : My Life In and Out of Markets--Click To Buy
Michael Steinhardt .
Born: 1941.
Most Famous For:$1000 invested with Steinhardt when he founded his firm in 1967 would be worth $462000 today.
Quote:"In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys."
In 21 years, his fund had been average 40% net long. The range was 15-20% net short to >100% net long. The flexibility to shift market exposure provided him with an important money management tool.
Founded Steinhardt, Fine & Berkowitz. Fine left and started Charter Oak Partners. Berkowitz left and started HPB Associates.
A major advice to any layman: Recognize that this is a very competitive business, and when you decide to buy and sell, you are competing with people who have devoted much of their lives to this same endeavor. These professionals are on the opposite side of your trades and, on balance, they are going to beat you.
Book: No Bull : My Life In and Out of Markets-by Michael Steinhardt.Click Below to Buy.
No Bull : My Life In and Out of Markets--Click To Buy
posted by Sensex-Blog Admin at 12:51 AM
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