Ep. 1178: Larry Hite Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 8 May 2023
⏱️ 30 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:
- Losing trades
- Trading system
- Marriage and divorce
- Trend following strategies
- Chasing success
Jump in!
---
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
Click on a timestamp to play from that location
| 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. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | My guest today is Larry Hight. |
| 0:35.4 | Larry was originally profiled in the market wizard's book. |
| 0:39.8 | Larry in the 1990s, I believe, was the first trend following fund manager to get to $1 billion under management. |
| 0:47.7 | He's got a great book out there called The Rule. |
| 0:50.4 | Larry let me write the forward for that book a few years ago. |
| 0:54.2 | And today, as many of you that listen to my podcast know, Larry and I like to talk. |
| 0:58.5 | We talk about all kinds of fun stuff, usually about money and the ladies, since we enjoy both. |
| 1:04.1 | Without any further delay, let's jump right into my conversation today with Larry Height. |
| 1:19.9 | Music today with Larry Height. Larry. |
| 1:20.4 | Hi. |
| 1:21.6 | Hi, how are you? |
| 1:23.5 | Alive and well. |
| 1:24.4 | How are you? |
| 1:25.7 | I'm alive and things are happening. |
| 1:28.6 | When I talk to you, things are always happening. |
| 1:32.7 | That's true. |
| 1:33.9 | Hold on. Let me set the stage here. |
| 1:36.1 | You just finished your spring break, beach week, partying with all the young folks down there in Miami Beach. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.