In this video, Michael Covel, author of the best selling
book, Trend Following, interviews Larry Hite who is one of the most
successful traders, investors, and trend followers of the last 25
years. He is a hedge fund manager and commodities trader who is one
of the forefathers of system trading. He is widely considered one
of the top 100 investors of the 20th century. He established Mint
Investment Management Company and achieved an annual return of more
than 30% or more before fees for 13 years. Hite retired from active
management in 1994 and currently is a managing director at Hite
Capital Management LLC.
This item is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services or advice by publishing this item. Each individual situation is unique. Thus, if legal or financial advice or other expert assistance is required in a specific situation, the services of a competent professional should be sought to ensure that the situation has been evaluated carefully and appropriately. The author and the publisher disclaim any liability, loss, or risk resulting directly or indirectly, from the use or application of any of the contents of this item.
Michael W. Covelserves as President of Trend Following (TurtleTrader), a privately owned research firm. In 1996, Covel colaunched TurtleTrader.com. It has attracted millions of visitors.
His first book is Trend Following: How Great Traders Make Millions in Up or Down Markets(FT Press, Apr. 04, Nov. 05, Feb. 07, and Feb. 09). This must-have classic has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, French, Arabic, Turkish, Portuguese, and Russian.
His second book, The Complete TurtleTrader: The Legend, the Lessons, the Results(Collins, Oct. 07 and Feb. 09), is the only narrative account of trader Richard Dennis and his student traders, the Turtles. It has become the definitive book on the subject and has been translated in German, Japanese, Chinese (Traditional and Simplified), Korean, and Russian.
His first documentary film is Broke: The New American Dream. It explores human behavior and trend following during the 2007-2009 market crash and premiered on The Documentary Channel fall 2009. The film was shot in 13 major cities on three continents. Top traders Larry Hite, Jim Rogers, David Harding, Mark Mobius, and Bill Miller appear. Nobel Prize winners Harry Markowitz and Vernon Smith also appear.