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Everything that is profound loves the mask: the profoundest things have a hatred even of figure and likeness.

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Michael Steinhardt

In North America, the greatest threat to the Jewish people is not the external force of antisemitism, but the internal forces of apathy, inertia and ignorance of our own heritage.

America, Apathy, Heritage, Ignorance, People
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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.

Addiction, Attraction, Ends, Fruit, Fruits, Savoring

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

Balance, Flexibility, Ideas, Mistake, Peculiar, Recognize

The markets are always changing, and the successful trader needs to adapt to these changes.

Adapt, Changing, Markets, Needs, Successful, Traders

The balance between confidence and humility is best learned through extensive experience and mistakes.

Mistake, Humility, Balance, Extensive, Confidence, Experience

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time to have a view that is at variance with the present consensus and bet that view. The hard part is that the investor must measure himself not by his own perceptions of his performance, but by the objective measure of the market. The market has its own reality. In an immediate emotional sense the market is always right so if you take a variant point of view you will always be bombarded for some time by conventional wisdom as expressed by the market.

Emotional, Reality, Views, Immediate, Take
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