Ep. 1148: Larry Hite Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 23 January 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
My guest today is Larry Hite, a hedge fund manager who is credited as one of the forefathers of system trading. He co-founded Mint Investments in 1981, which by 1990, had become the largest commodity trading advisor in the world in terms of assets under management. After forming a partnership with the Man Group in the same year, he pioneered the principal protected fund concept, leading to a number of successful structured products and financial engineering innovations.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Career risk
- Pensions
- Larry Hite's strategies
- Risk and reward
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.3 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.5 | My guest today has been on this podcast many times. |
| 0:37.3 | He has been featured in Jack Swager's Market Wizard's book. |
| 0:40.4 | He's been featured in many of my books. |
| 0:42.4 | He's a pretty well-known guy. |
| 0:43.7 | He has a great book himself called The Rule. |
| 0:47.0 | My guest today is Larry Height. |
| 0:49.2 | Joining me here in early 2023 to start the year, 82 years young, I just need to find more and more |
| 0:58.2 | guests like Larry. Interesting guys to tell stories, to give us a little bit of wisdom on how |
| 1:04.5 | they've seen life unfold. Without any further delay, let's jump right into my conversation |
| 1:10.1 | today with Larry Hype. |
| 1:22.8 | I've been back in the States here for about 10 or 12 days, and it's nice to see everybody |
| 1:27.2 | and stuff, but man, the culture, I'll take the culture over there in Vietnam any day of the |
| 1:31.5 | week. |
| 1:32.3 | One of your real major jobs is that you have a good time, and you do that because you're |
| 1:39.5 | like me, you have work that you like. |
| 1:42.1 | Is that your job as suffering? Your job is to make your life better. |
| 1:48.0 | You won't, by the way, if your life isn't better, you're not going to make anything else's life better. |
| 1:53.1 | Got to be happy to starve. Absolutely. That's pretty easy for me, generally. I wake up every day happy. |
... |
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