Barbra Streisand gets up at 6:30 every morning to check the stock market opening

Barbra Streisand attends Jennifer Anniston's 50th  Birthday Bash

The New York Times’ T Magazine did three covers for their “Holiday Issue” – the covers are for Patti LaBelle, Dolly Parton and Barbra Streisand. I went into Streisand’s interview cold, having not read an interview with her in years, and I can’t even tell you how much I enjoyed this piece. Streisand isn’t press-shy, but she doesn’t dominate an interview with quote after quote. She’s not even really promoting anything here, she’s just chatting about her life now at the age of 78, her interests and passions, and politics. But mostly the piece is just an affirmation: yes, Barbra Streisand was always special, she was always amazing, she was always this cool. You can read the full piece here. Some highlights:

She’s an avid art collector: She’s constantly buying paintings by Ammi Phillips at auction, and she also “owns two of George Washington, one done by Charles Peale Polk in 1795 while Washington was still alive, which Streisand has promised to Mount Vernon, the Virginia museum that was once the president’s home.”

She also compulsively plays the stock market: The stock market is another of Streisand’s passions. She wakes up most mornings at 6:30 a.m. to check the opening in New York. If she finds the action “interesting,” she trades. Then she goes back to bed. Streisand says she’s earned millions trading stocks — several million between 1998 and 2000 alone. (“I’d be up at 6:30, light a fire, have a hot chocolate and trade until 1 p.m.”) She admits she’s not the most disciplined investor: She panicked during the crash in 1987 (“I lost a fortune”), and again in March when the market plunged because of pandemic fears. But her instincts have been sound: She bought Apple, Amazon, Netflix and Google shares when her then-financial adviser said they were too speculative. Her adviser steered her into Disney stock in 2011, and she likes to give shares as presents to children in her life.

She just bought a Van Gogh at a Christie’s auction: “Yes! It was nerve-racking.” She extends her phone to show me an image of “Peasant Woman With Child on her Lap,” an 1885 Vincent van Gogh painting rendered in somber grays, blues and browns. (I later see on the Christie’s website that the work sold for $4.47 million, well above its high estimate of $3.8 million. She’s loaning it to a museum.)

Why she collects art: “I love things that are beautiful. I think I have a good eye — in some ways my entire life has been a quest for beauty.” But her love of things also fills a void. “Sometimes I think it’s all connected to the loss of a parent… Because you’d do anything to get that mother or father back. But you can’t. … Yet with objects, there’s a possibility.” She’ll only do a concert these days, she says, so she can “buy a painting or give the money away to charity.”

Her mother: Her mom “warned her daughter not to pursue a career in show business, because, as Streisand recalls, “I didn’t look like the movie stars I read about in magazines.” She now believes her mother was jealous of her talent. “I didn’t really like my life as a child. I thought, ‘This can’t be it.’”

She called Tim Cook directly to complain about Siri: She recently asked him to correct Siri’s pronunciation of her name from Strei-zand to Strei-sand. He agreed. “People mispronounce my name no matter how famous I am.”

On the Trump era: “What do I hate most about Trump? He lies every day. He has the compulsion to lie, even when the facts say something different. The worst lie was about the pandemic. Why not face facts? Why not tell the truth? People are stronger than you think — they can handle the truth. It would have saved thousands of lives.” (Of a Joe Biden presidency, she says, “I’m exhilarated … [He] will bring back dignity, honesty, intelligence and compassion to the Oval Office. I look forward to that.”)

[From T Magazine]

I honestly had no idea she was such a serious art collector, nor did I know that she’s been getting up at dawn to check the market opening. She sounds like a high-strung stock trader, but perhaps she’s more Zen about art-collecting. I can’t believe she owns a historic portrait of George Washington and she’s promised it to Mount Vernon!! And can you even imagine Tim Cook having to deal with her calls about Siri mispronouncing her name??

Barbra Streisand attends 'Tribeca Talks: StoryTellers' during the 2017 Tribeca Film Festival

Photos courtesy of Avalon Red, Backgrid.

You can follow any responses to this entry through the RSS 2.0 feed.

22 Responses to “Barbra Streisand gets up at 6:30 every morning to check the stock market opening”

Comments are Closed

We close comments on older posts to fight comment spam.

  1. Darla says:

    Tim Cook will tell that story for the rest of his life. lol I bet he didn’t mind the call at all.

  2. Bettyrose says:

    I don’t know anything about her relationship with her mother but that sounds like common sense not jealousy. Streisand is a total anomaly being massively successful on the basis of talent rather than looks. Of course, if she were just starting out now she’d be pressured into tons of plastic surgery.

    • local russian hill says:

      well she was pressured to have surgery back when she started. on her nose. but it would have changed her voice. so she courageously refused to do so.

      also disagree with you about her mother’s advise merely being common sense. it sounds like she’s done a lot of work around that topic and understands now that the dynamic was related to jealousy.

      • bettyrose says:

        Well, she is an amazing talent. I’m not surprised at all that she has had a huge career in theater and music, but she’s also been an a-list movie star appearing as a romantic lead against hearththrob actors. Even now, decades after her leading roles, you rarely see women who aren’t the typical Hollywood bombshell in those type of roles. But yeah it would be crazy to discourage someone with obvious natural talent from pursuing a career based on that talent.

  3. duchess of hazard says:

    I definitely am on the look out for a finacial advisor re: stocks and long term invests tbh. I’ve been burnt some, but I am ready to get back into it again.

    • Anna says:

      Me too! Really want to understand this and try to build, esp as a Black woman coming from generations without wealth…

  4. Mabs A'Mabbin says:

    What an icon. What would be my hobby if I had her money? Collecting art would be at the top. Throwing concerts for charity? Perfect. Definitely not the stock market lol. I’d be a globe-trotting beast. I’d probably have a few hideaways, like Anderson Cooper’s, all over the planet lol.

    • Snazzy says:

      Ya, me too. Just add a charitable foundation to that, and you’re good to go. Not sure I could do stocks either – I wouldn’t have the discipline or the nerve to follow closely enough

  5. Leah says:

    My father taught me that the stock market is like Vegas and a good gambler knows when to quit. He wasn’t wrong, my step father once lost a million dollars in the stock market but he still keeps playing it. It goes up, it goes down….it goes sideways. I’ve seen it crash through the floor (1987) and I saw it rise happily after Biden’s win was certified.

    If I had Barbara’s money, I’d invest in real estate. I have a friend who’s father bought a run down apt building a few blocks from the beach in the 60’s, fixed it up and rented it out for years. This place and the land sold for millions four decades later and it was a very wise investment for the future.

  6. Pamspam says:

    I get up at 6:30 to feed my cat. 😊

  7. NEENA ZEE says:

    100% baller – can’t wait to read the profiles on Dolly and Patti

  8. Emily says:

    Who else has become obsessed with the stock market during lockdown?

  9. Lively says:

    I’ve just started learning about investing and ETF. It’s such a shame they don’t teach finance & wealth creation in school. Not everyone has access to parents that are financially literate.

  10. Justwastingtime says:

    Good for her! BTW everyone in CA gets up super early. I am up between 5:30 and 6 every day which was hard when I moved here 10 years ago but seems completely normal no’w.

    I have a finance MBA from an ivy league school but that doesn’t really make me or my former classmates any good at picking stocks. For years I only invested in funds mostly index funds. and only gradually started investing in individual stocks after some time as it’s more work to research and track. The bulk of our portfolio ( 70%) is still in funds. You have to check your stock positions frequently, there is so much volatility in the markets, but you don’t really have to check at the opening bell, except for at the start of the pandemic. That was crazy town time with the opening bell.

  11. Carlybee says:

    Barbra and Jen Anniston look so much alike! Every time I see a photo of one or the other I just can’t get over it.. it’s the nose? The chin?

    • Cas says:

      I’ve been saying this for years too! Face shape maybe? But they have always seemed so similar to me.