Ep. 406: Larry Hite Views Outlined with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 14 December 2015
⏱️ 20 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Larry Hite Views Outlined with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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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. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.7 | Unknown to many, there is a great connection between successfully trading and successfully playing poker. |
| 0:39.9 | The winning traders and the winning poker players both think in terms of odds. |
| 0:45.4 | At all times when you're betting, you're hard-earned money, you need to think of odds. |
| 0:50.3 | You always want to put the odds on your side. |
| 0:53.0 | What do I mean? |
| 0:54.1 | Look at the lottery. |
| 0:55.0 | People have no chance to win. |
| 0:57.0 | The odds are stacked against them, but they still play. |
| 0:59.0 | They will always play in every country. |
| 1:02.0 | Larry Hight is famous for putting the odds on his side as a trend-fowing trader for now going on three decades plus. |
| 1:10.0 | That means betting big money when you have a |
| 1:12.2 | chance to win big and not betting big when you're guaranteed to lose. Larry is one of my favorite |
| 1:19.0 | traders and favorite people. Why do I like him so much? More importantly, how can his experience |
| 1:24.6 | help translate to increasing your net worth? |
| 1:29.8 | Let's start back in the day. |
| 1:32.5 | He joked with me about growing up. |
| 1:37.6 | He said that he failed at Blocks in kindergarten, out of the gate that should put his views on formal education into context. |
| 1:40.1 | Like many rags to Rich's success stories, Larry Haight grew up in the prototypical middle-class |
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