larry hite: Larry Hite: Trend Following Trading Legend from The Market Wizards

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.

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 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.

Michael W. Covelserves as President of Trend Following , a privately owned research firm. In 1996, Covel colaunched TurtleTrader.com. You have to stay supremely focused on exactly what is relevant.

• 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.
• Not surprisingly, Hite has been frequently asked to 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.
• He is best known as the founder of Mint Investment Management Company.

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.

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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.

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.

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?

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 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.

Books by Larry Hite

Larry Hite co-founded Mint Investments in 1981. By 1990, the company had become the largest commodity trading advisor in the world in terms of assets under management. In 1986, BusinessWeek awarded Hite its annual Best of Award. Lawrence Hite co-founded Mint Investments in 1981. By 1990, Mint had become the largest commodity trading advisor in the world in terms of assets under management. Even as far back as 1986 he strongly relied on computer modeling to gain an insight on futures trading in national as well as international markets.

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.

One response to “Larry J. Hite”

He said that he failed at blocks in kindergarten. Out of the gate, that should put his views on formal education into context. Like many rags to riches success stories, Hite grew up in the prototypical middle-class, New York-area apartment. His father owned a small business, but there were no silver spoons for his kids.

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

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He has been profiled and recognized as one of the best in the industry in numerous major international publications. By 1990, Mint had become the largest Commodity Trading Advisor in the world in terms of assets under management. In 1990, Jack Schwager dedicated a chapter of his bestselling book, Market Wizards to Hite’s trading and risk management philosophy. So how can you become a trend following winner like Hite?

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.

Today we are lucky to visit with Mr. 5 tips to help make a good profit in penny stocks. 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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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.

“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.

Larry Hite is an entrepreneur, hedge fund manager and philanthropist. He co-founded Mint Investments in 1981, which became the largest commodity trading advisor in the world in terms of assets under management by 1990. Having retired from Mint in 1994, Larry is now the managing director of Hite Captial LLC. My guest today is Larry Hite, a hedge fund manager, who, along with those like Ed Seykota, is one of the forefathers of system trading.

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.

However, after several incidents caused him to question his career path, he decided to enter the world of investments as a stockbroker in 1968. In 2000, Hite chose to focus on his family office activities, which included proprietary trading and the funding of continued research https://forexbitcoin.info/ and development in the field of systematic trading. Joined by former members of the original Mint team, Hite formed Hite Capital Management. His writing has appeared in many publications, including the Handbook of Futures Markets, The New York Times, and Forbes.