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b'There\\u2019s no other way to say it; Larry Hite is the definition of a market veteran, he\\u2019s someone who first developed an interest for trading and markets during the 60\\u2019s\\u2026\\nBesides a reputation for extreme risk management, Larry is perhaps best known as co-founding Mint Investments\\u2014a hedge fund formed in 1981. He\\u2019s also considered to be one of the forefathers of trading systems and a pioneer of trend following.\\nBy 1988, Mint achieved an average annual compounded return of over 30%\\u2014it\\u2019s best year being 60% (in 1987, the year of the stock market crash) and it\\u2019s worst year up 13%.\\nBy 1990, Mint was the world\\u2019s largest hedge fund at the time, with $1-billion of assets under management. It was also around this time, that Mint\\u2019s performance caught the attention of Jack Schwager, as Larry was profiled and interviewed in the first book of the best-selling Market Wizards series.\\nNow almost 30-years on, Larry has written a book of his own titled The Rule. It reflects on life experiences, trading lessons, and pretty much, how the most unlikely kid in the classroom went on to generate a significant personal fortune.\\nDuring this episode, Larry and I discuss trading, risk philosophy and probability, life and memorable moments, and Larry\\u2019s work as a philanthropist too.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'