Early Life and Education
Steinhardt is the son of Sol Frank "Red" Steinhardt, a compulsive high-stakes gambler, New York's leading jewel fence, and convicted felon. his father was close friends with underworld crime bosses Meyer Lansky, Jimmy Aiello, and Joey Anastasia (he was out gambling with Anastasia the night before he was killed). Sol was later convicted on charges of buying and selling stolen jewelry and sentenced to five to ten years in prison.
Steinhardt went to the University of Pennsylvania. He started his career working for the mutual fund Calvin Bullock and the brokerage firm Loeb, Rhoades & Co. (the precursor to Merrill Lynch). Steinhardt's father was his first investment client giving his son envelopes stuffed with cash to put in the stock market giving him seed money to begin his investment career..
Read more about this topic: Michael Steinhardt
Famous quotes containing the words early, life and/or education:
“Pray be always in motion. Early in the morning go and see things; and the rest of the day go and see people. If you stay but a week at a place, and that an insignificant one, see, however, all that is to be seen there; know as many people, and get into as many houses as ever you can.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“The general review of the past tends to satisfy me with my political life. No man, I suppose, ever came up to his ideal. The first half [of] my political life was first to resist the increase of slavery and secondly to destroy it.... The second half of my political life has been to rebuild, and to get rid of the despotic and corrupting tendencies and the animosities of the war, and other legacies of slavery.”
—Rutherford Birchard Hayes (1822–1893)
“... all education must be unsound which does not propose for itself some object; and the highest of all objects must be that of living a life in accordance with God’s Will.”
—Catherine E. Beecher (1800–1878)