It is always valuable to read books from investors who use a different approach from yours. The underlying idea is to develop all-weather investing skills by studying a range of techniques and styles, so you can survive, and even thrive, in any investment environment. Author Larry Hite describes himself as a "trend-follower," and while he found most of his success in commodities, he's willing to traffic in practically anything that moves. It gets the reader to think agnostically about asset classes and sectors, since any investment anywhere can have a trend you can ride. In other words, think about ways to widen the cast of your net while you widen your range of techniques and styles. Hite made his fortune a few different times, and suffered a spectacular blow-up when one of his employees hid trades in interest rate futures from him. It's not always the case, but usually the guys who blow up--and yet manage to get wealthy a second time--speak most knowledgeably about...
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