Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.
Michael SteinhardtPart of my attraction to ancient art is that there is an element of risk, of speculation.
Michael SteinhardtIf 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 SteinhardtThe balance between confidence and humility is best learned through extensive experience and mistakes.
Michael Steinhardt