Competitive Wisdom of Michael Steinhardt

virtue

“I thought there must be something more virtuous, more ennobling to do with one’s life than make rich people richer.”

competition

“I cared about one thing, and that one thing was having a better performance than anybody in America.”

art

“For me, running hedge funds was an art. It was something that I thought I did exceptionally well, and most of the world did not."

Reference: Michael Steinhardt, Wall Street's Greatest Trader, Is Back -- And He's Reinventing Investing Again.