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.
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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.