Details Are Part of Our Difference
Embracing the Evidence at Anheuser-Busch – Mid 1980s
529 Best Practices
David Booth on How to Choose an Advisor
The One Minute Audio Clip You Need to Hear
Author: Matt Hall
Nell’s Journey to Partner and COO of HIG
I told you last month that we’d be highlighting our team in a monthly video series and this month it’s Nell’s turn. A former petroleum engineer, Nell cold emailed me four years ago after hearing me interviewed on a podcast. The way Nell’s brain works caught my attention, both in her writing and in the subsequent call. Nell is now a trusted partner and leader of Hill Investment Group. She’s even got a nickname. We call her “Sheriff Schiffer” for the kind but firm way she has us all following a strict process. We hope you enjoy watching and listening to Nell describe how she found her “dream job” at Hill Investment Group.
We Invest Our Money the Same Way We Invest Our Clients’
A prospective client recently asked us, “how much of your own money is invested in the same strategies you recommend for clients?” Even though we rarely mention in dollars how invested we are in our own strategies, we often say that we “eat our own cooking.” In our opinion, that response should be the norm from all professional investors (it’s not). We’re proud that our beliefs, and personal dollars, line up with the investment strategies we build for clients. Check out the answer in this short video.
A Quote We Love – Smart and Patient Wins Again
Podcast guest and personal finance author Morgan Housel recently wrote a piece warning of the dangers of trying to take the “fast” approach to investing. Housel’s “Too Much, Too Soon, Too Fast” tells the story of what happened to the third, lesser-known, investing partner of Warren Buffett and Charlie Munger.
Here’s an excerpt:
Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together. Then Rick kind of disappeared while Warren and Charlie became the most famous investors of all time.
A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged and got hit with margin calls in the 1970s bear market.
Buffett told Pabrai: