Born in Brooklyn without a silver spoon in his mouth, partially blind in one eye, and Dyslexic- back before “Dyslexia was even a ‘thing’, this man’s current net worth is over One Hundred Million Dollars. Today we are lucky to visit with Mr. Larry Hite. Larry is an investor, trend follower and pioneer of system trading and the guaranteed fund concept. He is best known as the founder of Mint Investment Management Company. During his 13-year tenure at Mint, the composite of funds achieved a compounded annual rate of return greater than 30% before fees during that period. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint become the first hedge fund to raise over $1 billion. In 2000, he founded Hite Capital, a family wealth management firm. He was profiled in the book Market Wizards by Jack Schwager and won the Hedge Funds Review Americas lifetime achievement award. The Financial Times wrote “Hite’s development of complex, algorithmically driven models that aimed to spot and follow market trends delivered average annualized returns of more than 30 per cent to his clients.”
Today we’re talking about how he started his life in “survival mode”, dealt with his blindness & Dyslexia and made better for himself from what he had been given. Enjoy!
In this episode Peter & Mr. Hite discuss:
0:45- Intro & welcome Larry!
1:32- You grew up in Brooklyn before Dyslexia was even a thing! What was that like for you?
2:28- So how was school; were you a public school kid also?
3:10- How did you find your path forward?
5:00- After you finished school, what was your next move?
6:20- How were you working with numbers & figures daily, yet also Dyslexic?
7:47- A lot of our listeners get grief because they don’t conform to “the normal ways of doing things”. What was your experience?
8:22- Talk about how you went from living in survival mode, to starting your own firm
9:47- So, did you have a few clear paths forward then; options?
10:20- What advice would you give to someone who feels they don’t have the ability to succeed?
12:28- On making do with what you have
14:05- When you ran Mint and after you became the first hedge fund to raise over a billion dollars, did you ever feel like you had succeeded?
14:50- Thank you Larry; this has been a pleasure! By the way, may we ask your age?
15:00- Thank you Larry! And thank YOU for subscribing, reviewing and listening. Your reviews are working! Even if you’ve reviewed us before, would you please write even a short one for this episode? Each review that you post helps to ensure that word will continue to spread, and that we will all be able to reach & help more people! You can always reach me via peter@shankman.com or @petershankman on all of the socials. You can also find us at @FasterThanNormal on all of the socials.
15:38- Faster Than Normal Podcast info & credits
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~Happy Holidays everyone~