The Rule: How I Beat the Odds in the Markets and in Life--And How You Can Too - Hardcover

by Larry Hite (Author), Michael Covel (Foreword by)

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.

Back Jacket

"Larry Hite was one of the pioneers of trend-following trading. He founded Mint Asset Management, which became the first billion-dollar hedge fund. The Rule is a breezy read in which Hite reflects on his life and provides his take on the lessons of trading and life--spoiler alert, they are both the same."
--Jack Schwager, author of the Market Wizards series

"Super traders that stand the test of time are a rare breed - Larry Hite is one of them; he's a living legend in the trading space. I love his book! It has great lessons for trading and life. It's definitely on my top list of stock market must reads."
--Mark Minervini, U.S. Investing Champion, featured in Stock Market Wizards and author of the #1 best-seller Trade Like a Stock Market Wizard

"Larry Hite's chapter in Schwager's first Market Wizards book was the one that most affected my trading and career. His Rules in this book on bet size, embracing loss, and dealing with psychology are so important to trading success. This book is a must read for every trader."
--Tom Basso, founder of Trendstat Capital Management, Inc

"In addition to sharing phenomenal wisdom and excellent trading principles, the book chronicles Larry's life story, from underdog to the highest level of trading success. The principles he generously shares can improve your personal and trading life."
--Steve Burns, NewTraderU.com

"From a dyslexic, visually impaired youth to a legendary multi-millionaire Market Wizard, Larry is living proof that anyone can overcome the greatest of life odds to achieve success in the financial markets and in life. This book is an inspiration to traders, investors and anyone who wants to live their life to their fullest potential!"
--Adam Khoo, Asia's Leading Wealth and Success Coach, Professional Stock, Forex and Options Trader

Author Biography

Larry Hite was 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.