1) QUOTES | Larry Hite Wisdom:
“What makes this business so fabulous is that while you may not know what will happen tomorrow, you can have a very good idea what will happen over the long run”
“What makes this business so fabulous is that while you may not know what will happen tomorrow, you can have a very good idea what will happen over the long run”
2) “If you never bet your lifestyle, from a trading standpoint, nothing bad will ever happen to you”
Larry Hite
Larry Hite
3) “If you know what the worst possible outcome is, it gives you tremendous freedom. The truth is that, while you can’t quantify reward, you can quantify risk”
Larry Hite
Larry Hite
4) “You can lose money even on a good bet (trade). If the odds on a bet are 50/50 and the payoff is $2 versus a $1 risk, that is a good bet even if you lose”
Larry Hite
Larry Hite
5) “It is incredible how rich you can get by not being perfect”
Larry Hite
Larry Hite
6) “Anyone can sit down and devise a perfect system for the past”
Larry Hite
Larry Hite
7) Who is Larry Hite?
Trend Follower
Hite's firm - Mint Investment Management Co. - was the first hedge fund to ever hit $1 billion in AUM. What's more, from 1981 to 1988 he was able to garner 30% average annual compounded returns. Today, his net worth sits around $100 million.
Trend Follower
Hite's firm - Mint Investment Management Co. - was the first hedge fund to ever hit $1 billion in AUM. What's more, from 1981 to 1988 he was able to garner 30% average annual compounded returns. Today, his net worth sits around $100 million.
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