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b'In episode 182 we welcome our guest, Larry Hite. Larry and Meb start off the conversation with Larry\\u2019s origin as a trend follower, and the parallels to trend following and life. Larry follows with personal challenges he overcame in life, and how he found a path to success through a life lesson, weeding out what he couldn\\u2019t do, and include the things that gave him a lot of enjoyment and potentially a lot of money (or both).\\nNext, Larry gets into his start in investing, combing through hundreds of years of data and finding that cutting losses and letting winners run really works. He then transitions into some underlying foundations about how he thinks about trading, including, putting the odds in your favor by creating asymmetrical bets.\\nMeb then talks with Larry about founding Mint, one of the earliest systematic CTAs, and was the first hedge fund to raise over $1 billion.\\nAs the conversation winds down, Larry talks about systematic rules, trend following, and making an array of bets.\\nAll this and more in episode 182, including concluding thoughts on challenges and resiliency, and Larry\\u2019s most memorable investment.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'