The Rule

How I Beat the Odds in the Markets and in Life - and How You Can Too

De: Larry Hite, Michael Covel - foreword

Narrado por: Scott Pollak

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 this book, 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.

©2020 Larry Hite (P)2019 McGraw Hill-Ascent Audio

On Point

I thoroughly enjoyed this book. The author told the story of the rule in such a way that it's easy to understand and hard to forget.

Many other traders use this rule. But, Larry uses it in a way that is more indepth than anyone else I've seen use it.

His stories are well told, narrated well and hold your attention.

His philosophy is unique in some ways, but very effective.

Asymmetric Leverage! (AL)

If you don’t know what AL is or you do then this book will teach you what it is and how to apply it in trading and in everyday life! If you’ve ever lost a large sum in a trade, THIS BOOK WILL HELP YOU UNDERSTAND HOW NEVER TO DO THAT AGAIN! I feel like I want to read or listen to EVERYTHING HE HAS WRITTEN!

I was ready to be fed this knowledge.

At certain points in the trading career and how it blends into life off the screens. The knowledge, wisdom, and experience that was shared I could digest. Thanks for being willing to increase my abilities via your path.

Very useful book

Great traders study this one lots of useful information you’ll be listening to it more than once

Great trading and business rules

Very good life lessons converted to trading rules
Knowing weaknesses and finding experts to cover them is a talent learned