Ep. 900: Larry Hite Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 7 September 2020
⏱️ 62 minutes
🧾️ Download transcript
Summary
My guest today is Larry Hite, the founding principal and Managing Director 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 be the first to raise over $1 billion.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Having the Right Attitude
- Trend Following
- Stop Loss
- The Most Fundamental Thing in the Market are People
- Herd of Sheep
- Adam Smith
- What it takes to be a Trader
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. |
| 0:21.2 | I am your host, Michael Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.5 | Damn, where does time fly when you're having fun? |
| 0:37.8 | 900 episodes. |
| 0:40.6 | What the F? |
| 0:42.9 | Started this in early 2012? |
| 0:46.8 | It's 2020. |
| 0:48.8 | I'm somewhere in parts unknown. |
| 0:52.0 | Little reverence to Mr. Bourdain. |
| 1:00.0 | Rest in peace. 900 episodes. Yeah, yeah, Joe Rogan's got me beat, but Joe's making a boatload of money off his podcast. I'm going to have to switch it off |
| 1:05.4 | to video at some point in time. It's just a lot of damn work. I would love to hear an interview with Joe about doing the |
| 1:13.2 | video all the time. I mean, producing a show on video versus producing a show on a podcast, |
| 1:21.2 | light years difference. A podcast is easy if you got good guests. If the host is, you know, maybe somewhat competent, maybe not completely off his rocker, |
| 1:32.2 | then maybe you got something. |
| 1:34.1 | But damn, that video stuff, I don't know how people do it. |
| 1:38.4 | I mean, I know how they do it. |
| 1:40.2 | You get the setup. |
| 1:41.6 | This is why Joe has the studio. He just rolls in, hangs out with his buddies, |
| 1:48.1 | or other guests that become his buddies, and you turn the cameras on. It's a great setup. |
... |
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