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, early, life and/or education:
“... business training in early life should not be regarded solely as insurance against destitution in the case of an emergency. For from business experience women can gain, too, knowledge of the world and of human beings, which should be of immeasurable value to their marriage careers. Self-discipline, co-operation, adaptability, efficiency, economic management,if she learns these in her business life she is liable for many less heartbreaks and disappointments in her married life.”
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“Early education can only promise to help make the third and fourth and fifth years of life good ones. It cannot insure without fail that any tomorrow will be successful. Nothing fixes a child for life, no matter what happens next. But exciting, pleasing early experiences are seldom sloughed off. They go with the child, on into first grade, on into the childs long life ahead.”
—James L. Hymes, Jr. (20th century)
“A tree is beautiful, but whats more, it has a right to life; like water, the sun and the stars, it is essential. Life on earth is inconceivable without trees. Forests create climate, climate influences peoples character, and so on and so forth. There can be neither civilization nor happiness if forests crash down under the axe, if the climate is harsh and severe, if people are also harsh and severe.... What a terrible future!”
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“Because of these convictions, I made a personal decision in the 1964 Presidential campaign to make education a fundamental issue and to put it high on the nations agenda. I proposed to act on my belief that regardless of a familys financial condition, education should be available to every child in the United Statesas much education as he could absorb.”
—Lyndon Baines Johnson (19081973)