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To: Jorj X Mckie who wrote (10074)	7/22/2002 8:50:10 PM
From: quote 007	Respond to of 17639

The Greatest Investors Michael Steinhardt Born: 1941 Employer: Founder, Steinhardt Partners Most Famous For: $1 invested with Steinhardt when he founded his firm in 1967, would be worth $462 today. Least Famous For: Steinhardt didn't exactly end in style, he retired his illustrious hedge-fund career in 1995, a year after suffering big losses. Quoted Saying: "In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys." Background: Similar to George Soros, Steinhardt made most of his fortune managing a hedge fund. Hedge funds tend to be much more risky, especially because they are usually limited to about 100 investors with minimum stakes of $1 million. This is unlike a mutual fund which accepts any investor, large or small. Hedge fund is synonymous with higher forms of risk, Steinhardt once stated "...our fund's risk factor can, at least in theory, vary from plus 200% to minus 200%". Steinhardt's fund produced an average annual return of 24%, netting him a personal fortune reportedly worth over $500 million. Lately, Steinhardt has become a prominent philanthropist, giving away millions of dollars each year to various charities. He is also founder of the Jewish Life Network, which sponsors a number of major new Jewish outreach initiatives and organizations. Back to Greatest Investors Marketplace ExpressFutures If you trade Futures, We'll Beat any Commission Around! Logical Trades Get market analysis & trade recommendations to daily stop placement - we do it all! Term Directory: # \| A \| B \| C \| D \| E \| F \| G \| H \| I \| J \| K \| L \| M \| N \| O \| P \| Q \| R \| S \| T \| U \| V \| W \| X \| Y \| Z Sponsors: FREE Options Investing Kit · Do You Trade Futures? Name Your Commission! ·