The empowering story of Larry Hite’s unlikely rise to the top of the hedge fund world―with critical insights and lessons you can take to the bank
In The Rule, legendary trader and hedge fund pioneer Larry Hite recounts his working-class upbringing in Brooklyn as a dyslexic, partially blind kid who was anything but a model student―and how he went on to found and run Mint Investment Management Company, one of the most profitable and largest quantitative hedge funds in the world.
Hite’s wild success is based on his deep understanding that markets are flawed―just like people. Through his early-life struggles and failures, Hite came to know himself well―his fears, his frustrations, his self-doubt, and his tolerance for all of the above. This motivational book reveals that by accepting the facts of his life and of himself, he was able to accept markets as they are. And that was the key to his success.
In these pages, you’ll walk of the footsteps of an investing legend, who imparts smart, practical trading lessons throughout the journey. Making a successful living in trading isn’t about beating the markets. It’s about meeting markets where they are, embracing the fact of risk, knowing yourself, and playing it strictly by the numbers.
The Rule shows that investing decisions are not only bets or gambles, but investments in time, energy, and attention. By focusing on realistic returns on your investments―versus what you expect or hope to get―you immediately improve your probability for success.