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Showing posts from May, 2020

The Rule: How I beat the odds in the Markets and in Life-and How you can too

Larry Hite is regarded as one of the forefathers of systems trading. He grew up as a dyslexic, partially blind kid, facing failure and struggle at every corner. Despite such background, he went on to found and manage, Mint Investment Management Company which at its time became one of the most profitable and largest quantitative hedge funds in the world. In 1990, Jack Schwager profiled Larry in bestselling book, Market Wizards. Recently he authored a book The Rule: How I beat the odds in the Markets and in Life-and How you can too. It is a fascinating account of someone embracing his fears, frustrations, self-doubt and how this led him to accepting markets as they are. In fact, his familiarity with failure helped him manage risks better and become successful in markets. There are some key lessons we can imbibe from his life and his market successes. Read on. Create a system that you can put on auto pilot At one time, due to an error of judgement made by his investing par