Michael Steinhardt

When the official history of twentieth-century Wall Street is written, it will certainly contain more than a few pages on Michael Steinhardt. One of the most successful money managers in the history of "The Street," Steinhardt far outshone his peers by achieving an average annual return of over thirty percent-significantly greater than that of every market benchmark. During his almost thirty-year tenure as a hedge fund manager, he amassed vast wealth for his investors and himself. One dollar invested with Steinhardt Partners L.P., his flagship hedge fund, at its inception in 1967 would have been worth $462 when he retired from active money management in 1995. No Bull offers an account of some of the investment strategies that drove Michael Steinhardt's historic success as a hedge fund manager including a focus on his skills as an industry analyst and consummate stock picker. He also reveals how his uncanny talent for knowing when to trade against the prevailing market trend-a talent that was not always appreciated by several erstwhile high-profile clients-resulted in many of his greatest successes. Here he provides detailed accounts of some of his most sensational coups-including his momentous decision, in 1981, to stake everything on bonds-and his equally sensational failures, such as his disastrous foray into global macro-trading in the mid-1990s.At the same time, No Bull is the rags-to-riches story of a boy from Bensonhurst and his rise from the streets of Brooklyn to the heights of Wall Street. In a thoroughly engaging narrative, Steinhardt relates the early influences that shaped his attitudes toward life and success, as well as the beginning of his love affair with stock investing. Further, he chronicles his dawning awareness of the need for a purpose in life beyond the acquisition of wealth and how it led to his decision to retire and redirect his energies. We learn about his experiences as the chairman of the Democratic Leadership Council for nearly a decade, as well as his innovative thinking and ambitious projects to strengthen the Jewish community.The inspiring true story of a Wall Street genius and world-class philanthropist, No Bull is an unforgettable read for finance professionals and students of human nature alike. Michael Steinhardt is one of the most successful money managers in the history of Wall Street. He is also widely known for his philanthropic activities, particularly in the Jewish community-most notably as cofounder with Charles Bronfman of birthright israel, a program whose mission is to provide a free educational opportunity for every young Jewish person of the Diaspora to visit Israel.

Michael Steinhardt left a stellar career on Wall Street and spent the next three decades launching revolutionary philanthropic programs like Birthright Israel and OneTable that offer a proud, rich future for the next generation of secular American Jews.What are the keys to a proud Jewish life? Part memoir, part manifesto, Michael Steinhardt’s Jewish Pride offers a compelling vision for a rich, rewarding future for Jews in America and around the world. From his middle class beginnings in Brooklyn to a spectacular Wall Street career, Steinhardt understood that apathy and assimilation were threatening the Jewish future in America. Meanwhile established Jewish institutions were failing in the urgent task of strengthening secular Jewish identity. Using his own capital and the wisdom and connections he’d gained in his successful business career, Steinhardt recruited partners, focused on data and results, and even got the Israeli government to help launch the revolutionary Birthright program. By turns provocative, inspiring, revealing, and outright hilarious, Jewish Pride captures its author’s unique personality and outlook and offers honest talk about the Jewish world today, along with a bold prescription for revitalizing Jewish life in the future.

The world of investing, planning and retirement accumulation is a bit of a maze often leaving consumers lost and going in the wrong direction. Blue Green and Gold offers comprehensive, yet simple concepts, told in short stories, vignettes and examples to help the reader better grasp concepts and ideas. An easy read for all, creative ideas, real life concepts and direction. For many people, we waste our most precious commodity, time. After reading this book, you will want to act quickly getting started on your path.

For too long, Michael Steinhardt's business clients were mostly centered around helping small, family owned firms with their retirement plans and in turn, helping their employees navigate the decisions ahead of them. He felt there was a gap in "delivery" and participants were not getting the best of his industry and many consumers were too often making poor financial decisions. This became a bit of a calling card for Michael and his relationships, that he took it upon himself to dedicate the time to be in front of his groups to help them see a bit more clearly. He did this by crafting an educational and entertaining talk centered around retirement, investing, markets, and investor behaviors. He found storytelling and painting verbal pictures to be most helpful in these environments to help consumers and participants.BG & G is a book for the consumer who wants to see more clearly the financial landscape ahead of them. The varying needs, decisions, products and methods of addressing can be complicated, confusing and frustrating. This book will break down many of these issues and topics in an easy to understand format. It will offer examples and, oftentimes, stories to allow you to better grasp the concept being addressed. Although information is in abundance, the gap of making sound decisions is ever wider. But the content within these pages will assist in taking several topics and presenting clarity in direction. The ideas will get one to think a bit differently and even possibly shift your paradigm in how you see planning, saving, protecting and investing. We all need to address these elements at some point in our lives and BG & G will guide you along the way.