larry hite: Larry Hite

In this video, Michael Covel, author of the best selling book, Trend Following, interviews Larry Hite who is one of the most successful traders, investors, and trend followers of the last 25 years. He is a hedge fund manager and commodities trader who is one of the forefathers of system trading. He is widely considered one of the top 100 investors of the 20th century. He established Mint Investment Management Company and achieved an annual return of more than 30% or more before fees for 13 years. Hite retired from active management in 1994 and currently is a managing director at Hite Capital Management LLC. In 1990, Jack Schwager dedicated a chapter of his bestselling book, Market Wizards, to Hite’s trading and risk management philosophy.

Is the definition of a market veteran, he’s someone who first developed an interest for trading and markets during the 60’s… Besides a reputation for extreme… Jack D. Schwager is Director of Futures Research and Trading at Prudential Securities. He formerly held similar positions at Paine Webber and Smith Barney, with a total of twenty-two years’ experience heading up futures research departments. He is also a Commodity Trading Advisor and one of the coprincipals of Wizard Trading. Larry Hite is the author of books such as The Rule. Needs to review the security of your connection before proceeding.

Trading Master Interview with Larry Hite: Investing Principles and Trading Techniques from a Trend Following Master

However, after several incidents, he decided to become a stockbroker in 1968.

• Over the course of time, he built a system that placed the investment behaviors of people as a constant, while making the commodities the variables.
• Lawrence D. Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading.
• A 1986 Business Week article jokingly sets him apart from what is termed a stereotypical “wild-eyed” trader in commodities.
• He formerly held similar positions at Paine Webber and Smith Barney, with a total of twenty-two years’ experience heading up futures research departments.

If you don’t take a hard look at risk, it will take you. As of 2010, Hite partnered with International Standard Asset Management to create a multi-strategy platform of liquid hedge fund strategies as well as a fund of managed accounts. Graveside services were held Monday, Jan. 23 at Gravel Hill Baptist Church, with a reception for family and friends that followed in the church fellowship hall. Larry J. Hite, age 75, of Chase City, and formerly of Nelson died Friday, Jan. 20, 2023. He retired from Burlington Industries in Clarksville after 30 years and then continued his career with Altria Group, in Richmond, retiring in 2009.

Larry Hite cofounded Mint Investment Management Company and carefully grew it into the biggest and most influential commodity trading advisor firm of 1991. Of course, what would a reputation be without the facts to back it up? The Mint Guaranteed Fund – a Series A fund – proved to become a steadily leading frontrunner among 76 other publicly traded commodity funds. Hite also proved that cunning investment strategy, coupled with investor commitment, could benefit more than one fund.

🆕 How Larry Hite Beat the Odds in the Market and In Life

Much in demand as a speaker, he has lectured on a range of analytical topics, with a particular focus on great traders, technical analysis, and trading system evaluation. Understand what it takes to succeed, and hear it in the words of the Market Wizards themselves. In 1990, he began adding systematic trading of equity markets to the Mint managed futures portfolio.

Hite founded his own charitable enterprise, The Hite Foundation, where he serves as chairman. The foundation began with a focus on alleviating homelessness in New York, and aids scholars whose work and lives are threatened in repressive societies. During college, Hite was a rock music promoter, as well as an occasional actor and screenwriter, but eventually became serious about staying in the music business.

The Mint Limited Fund managed to rise 20% in 1986, which also is a rather respectable showing. Hite is one of my favorite traders and favorite people. More importantly, how can his experience help translate to increasing your net worth?

Today we are lucky to visit with Mr. Larry Hite. Larry is an ADHD investor, trend follower and pioneer of system trading and the guaranteed fund concept. He is best known as the founder of Mint Investment Management Company. During his 13-year tenure at Mint, the composite of funds achieved a compounded annual rate of return greater than 30% before fees during that period. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint become the first hedge fund to raise over $1 billion.

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And read more in my book Trend Following. If it is the first time you login, a new account will be created automatically. Thank you for helping to keep the podcast database up to date. To send flowersto the family or plant a treein memory of Lawrence S “Larry” Hite, please visit our floral store. We would like to offer our sincere support to anyone coping with grief. Enter your email below for our complimentary daily grief messages.

“The true profit in bookselling is the social profit; the bottom line, the measure of the impact of the books on the community.” We offer shipping options for mailing lists, pre-release and book launch promotions, and other special scenarios in which customers would like to purchase books and have them shipped to multiple addresses. Just a moment while we sign you in to your Goodreads account. I have noticed that everyone who has ever tried to tell me that markets are efficient is poor. If you diversify, control your risk, and go with the trend, it just has to work.

Messages run for up to one year and you can stop at any time. Your email will not be used for any other purpose. We have updated our privacy policy.Click here to read our full policy. Was the founding https://forexbitcoin.info/ principal and Managing Director of Mint Investment Management Company. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint be the first to raise over $1 billion.

To provide balance, we use lots of different systems ranging from short to long term. Some of these systems may not be that good by themselves, but we really don’t care; that is not what they are there for. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups.

Newest listings by Larry Hite

This item is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services or advice by publishing this item. The author and the publisher disclaim any liability, loss, or risk resulting directly or indirectly, from the use or application of any of the contents of this item. Lawrence D. Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading. Hite was blessed with learning disabilities, vision problems, and, by his own account, a short attention span. With a big smile and a touch of sarcasm, he proudly stated that those problems were the secret to his success.

During his life, he was a member of the Clarksville Ruritan Club and was active in the Bluestone Athletic Boosters. His favorite pastime was watching and sideline coaching his beloved grandchildren in their varied extracurricular sports and activities. Mint’s achievements won Hite and his team industry wide acclaim, and in 1990 Jack Schwager dedicated a chapter of his bestselling book, Market Wizards, to Hite”s trading and risk management philosophy. First, we probably trade more markets worldwide than any other money manager. Second, we don’t just use a single best system.

Larry Hite – Reflection on Markets & Life—With a Man Who’s Had Vast Financial Success

These are the ones we’re currently moving most. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you. While in college, Hite was a rock music promoter and managed musicians’ performances rather than their money. A sometime actor and screenwriter, he eventually got serious about staying with the music business.

The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Not surprisingly, Hite has been frequently asked to a beginner’s guide to income investing divulge his secrets for success, and one thing that he stresses consistently is the need for diversification and cutting edge technology. Diversification is a means for reducing the risk inherent to trading. Technology, in the form of computerization, largely eliminates the human error component when analyzing data.

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What can you actually know that’s not just someone’s opinion? And if you have the right verified and relevant information, what follows? You have to process it and you have to think that most of the information available, like most opinion, is suspect.