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
The Power of Staying Put
It’s no secret we love Morgan Housel. We reference him time and time again because everything he says is spot on. If you don’t know, he has a new podcast and we’re enjoying hearing Morgan every bit as much as we love reading him. In the episode “The Power of Staying Put,” Morgan says, “There are so many times in life where what you do is less important than how long you’ve been doing it for.” It sounds a lot like taking the long view.
Legend in Investing – Charles Ellis
Do you want to see and hear an investment legend interviewed by two of the nicest and smartest advisors I know? Tune into this episode of the Rational Reminder podcast with guest Charles Ellis, famous author, investing authority, and a top-notch communicator.
Cameron Passmore cohosts the Rational Reminder and is someone I consider a friend. He and his talented partner, Ben Felix, run one of the best podcasts related to investing. If you like this episode I suggest subscribing to their channel.
Here’s the rundown of what’s covered:
0:00 Intro
4:18 Charley defines a “Loser’s Game”
8:21 Why money management is a loser’s game
11:38 How the market has changed since writing about the loser’s game
19:09 Whether or not the sentiment toward active management is negative
22:03 Types of investor who should not invest in low-cost index funds
30:27 What investors and their advisors should be focused on
37:25 The importance of a well-defined investment policy statement
39:01 What investors can do to protect themselves from themselves
40:43 The most under-appreciated action investors can take to be more successful
50:16 Charley’s opinion on Vanguard’s entry into private equity
55:27 Where Charley sees the biggest future opportunities in the field of investment
1:00:15 What has made Vanguard successful as a company
1:08:14 What Charley has learned about personal motivation and productivity
1:12:04 Charley defines success in his life
1:14:12 Outtake
If you’d rather listen to the episode instead of watching on YouTube here is a link via Apple Podcasts.
The Greatest Double
This month we have one item we are sharing. It’s that important and that good. How do I know? At Hill Investment Group, we’ve been doing a series of morning Zoom calls for a few years now, and this piece from our own Charles Kafoglis is viewed as one of the best we’ve ever had. Charles won’t tell you this because he’s too humble, but his five-minute video is something everyone should see.
Why? It frames the magic of compounding in an easier way to digest and incorporate into your own life. Whether you are building towards financial independence or already there, I encourage you to watch our natural teacher, Charles Kafoglis, and his talk on “The Greatest Double.”
Summary of Topics:
- Example of doubling from one of Charles’s favorite teachers
- What it looks like to double every ten years
- Phases of life – learn, earn, adjourn
- The impact of the last double
- Do you have 3, 4, or more doubles?