Lawrence Hite: Biography, Career, and Business Insights

Lawrence Hite’s Profile Summary

Company	Hite Capital LLC
Position	Managing Director
Source of wealth	Co-founder of Mint Investment Management, management and performance fees from commodity trading, venture capital investments, proprietary trading.
Also known as	Author, philanthropist, venture capitalist.
Age	84
Education	New York University – completed coursework, no degree
Citizenship	United States
Residence	New York City, USA
Family	Larry Hite is married to Sharon Hite, and they share a strong bond, with both actively engaged in philanthropy.
Website, Social Media	https://pitchbook.com/profiles/company/231707-98

Biography

Lawrence Hite, born in Brooklyn, New York, is widely recognized as a pioneer in quantitative and systematic trading. Overcoming challenges such as dyslexia and partial blindness, Hite took a non-traditional path to success in the financial world. After studying at New York University and dabbling in acting and scriptwriting, Hite entered the world of finance in the 1960s as a stockbroker, but he was particularly drawn to commodity trading due to its potential for rapid wealth generation. In 1981, Hite co-founded Mint Investment Management, which became a leader in the emerging field of systematic trend following. His firm was the first to exceed $1 billion in assets under management in the commodity trading space. Hite's investment philosophy, rooted in risk management and the power of diversification, revolves around cutting losses quickly and letting profits run, an approach that helped Mint achieve extraordinary success with average annual returns exceeding 30% during his tenure. Although Hite retired from hands-on fund management in the early 1990s, he remained active in the investment space through Hite Capital Management. He is also known for his philanthropic efforts, particularly in supporting homelessness alleviation and academic freedom. Hite has authored a book, The Rule, in which he shares his life's lessons and trading insights.

How did Lawrence Hite make money?

Lawrence Hite makes money in the following areas:

Co-founder of Mint Investment Management, management and performance fees from commodity trading, venture capital investments, proprietary trading.
What is Lawrence Hite net worth?

As of 2026, Lawrence Hite’s net worth is estimated to be $1B.

What is Lawrence Hite also known as?

Lawrence Hite is also an accomplished author, having written The Rule: How I Beat the Odds in the Markets and in Life—and How You Can Too. His book offers insights into his trading philosophy and personal experiences. Additionally, Hite is a noted philanthropist, actively involved in supporting causes such as homelessness alleviation and academic freedom. He established The Hite Foundation and is involved with the Institute of International Education's Scholar Rescue Fund. Furthermore, Hite has played a key role in venture capital, serving as Chairman of North America for Metropolitan Venture Partners, where he focused on investments in technology-based firms.

Prominent achievements

Larry Hite co-founded Mint Investment Management, the first hedge fund to exceed $1 billion in assets under management. He is widely recognized as a pioneer of trend-following and quantitative trading. His book The Rule became a bestseller. Additionally, he has won prestigious awards, including the Ernst & Young Entrepreneur of the Year and recognition in Barron's Top 100 Hedge Fund Managers. Hite's net worth has peaked at $1 billion

What are Lawrence Hite’s key insights?

Larry Hite’s core business philosophy centers on risk management and diversification. He emphasizes that the key to success in trading is "cutting losses quickly and letting profits run." Hite advocates for a disciplined, data-driven approach to investing, favoring systematic trend following and adhering to stop-loss orders. He is a strong proponent of adapting to changing market conditions and using quantitative strategies to minimize risk and maximize returns. His approach mirrors his belief in long-term success through calculated, diversified risks.

Personal life

Larry Hite's wife, Sharon Hite, is a native New Yorker and a dedicated philanthropist. She serves as a board member of a foundation named after Larry. The couple is known to support various causes, particularly in education and financial literacy, reflecting their shared belief in the transformative power of knowledge.

Useful insights

Decision-making and success

Making the right decisions at the right time is often what sets successful people apart. Drawing on the experience of Ray Dalio, founder of Bridgewater Associates, here are some key lessons for improving your decision-making and achieving long-term success.

Create a decision-making framework

Ray Dalio advocates for a clear, principles-based approach to decision-making. Establish a set of guiding principles that you consistently apply when faced with choices. This will help you stay focused and avoid emotional or impulsive decisions.
Embrace transparency and open feedback

Dalio’s philosophy of radical transparency is about creating an environment where honest feedback is encouraged. Whether in your career or personal life, being open to criticism and maintaining transparency will help you grow and make better decisions.
Prepare for risks and manager them wisely

Success isn’t just about making the right moves—it's also about managing risks effectively. Always consider worst-case scenarios and have a plan in place to navigate them. Risk management is a crucial part of any decision-making process.