Description
An empowering story of learning from life’s challenges-with critical insights, strategies, and lessons you can take to the bank In The Probability of Life, Larry Hite tells how he went from dyslexia, partial blindness, and isolation to the founder of Mint, one of the most profitable and largest quantitative hedge funds in the world. Larry’s journey presents invaluable lessons gained primarily from failure and those failures seen across humorous stories are packed with timeless investing wisdom. These are the exact lessons that propelled Hite to the top of the investing world. Hite’s wisdom gained from a life as an investor comes through on every page. He shows that investing decisions are not only bets or gambles, but investments in time, energy, and attention. By focusing on realistic returns on these investments, versus what we expect or hope to get, we immediately improve our probability for success. ACKNOWLEDGMENTS FOREWORD by Michael Covel, author of Trend Following and TurtleTrader INTRODUCTION: Get in the Game PART 1 SHEEPSHEAD, PORK BELLIES, AND BLACKJACK 1 Know Who You Are: How I Learned from Failure 2 Find the Game You Love: My Education as a Trader 3 Working the Odds: Your Time and Opportunity Horizon 4 Trend Following: Cut Your Losses and Let Your Winners Run 5 How to Lose Money, Including How I Lost Millions PART II THE MINT FUND, MARKET WIZARDS, AND LIVING THE RULE 6 Making Mint: Know Where You Are Playing the Game 1 7 How My Philosophy Can Work for You: Applications of the Rule 8 And the Philosophy Continues to Work: The Next Generation 9 Conversations with a Young Trader- with Kolade Oluwole 10 You Have Choices: Persistence Pays Dividends APPENDIX: Pieces of Mind INDEX
