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The One Minute Audio Clip You Need to Hear
Video: Larry Swedroe and Matt Hall
Larry Swedroe, author and Director of Research for The BAM ALLIANCE, and Matt Hall, President of Hill Investment Group, discuss Larry’s latest book: Think, Act, and Invest Like Warren Buffett on February 5th, 2014 at the Saint Louis Club in St. Louis, MO. Nearly 70 guests had the opportunity to learn about why Larry wrote the book, hear some key lessons of investing, and ask questions.
Correction: Larry’s example about commercial real estate and defaults is off by one year. It happened in 2008-2010 rather than 2009-2011.
Money Does Not Equal Happiness
Last month in the New York Times, Sam Polk offered a refreshing first-hand account from the underbelly of Wall Street. Polk is a former Wall Street trader who lived the excessive life that Hollywood often shows hedge fund managers and investment bankers living (see: The Wolf of Wall Street). Eventually, he did something that a lot of people would find difficult: he gave up his money addiction in search of something better. This article struck me as a great reminder that having the most money isn’t what life is about, and even if you do have financial freedom it doesn’t guarantee happiness. That’s why at Hill Investment Group we’re passionate about helping to refocus on the things that are truly important; life is too short to worry about the rest.
If You Had $100,000 to give, What Charity Would You Support?
Many people have told me that it is more difficult to give money away than to earn it. The general instinct to support charitable organizations and causes may come naturally, but the question remains: which ones?
When I started at Wake Forest University I took ROTC, knowing my plan was to enlist in the Army upon graduation. I had one thing standing in my way: poor eyesight as a result of a detached retina. My sophomore year I qualified for Advanced ROTC. Thanks partially to my place in line, I had plenty of time to memorize the smallest characters on the eye exam next to the door. However, on the first day of a required six week summer camp at Fort Bragg, NC prior to my senior year, I entered the eye testing area from the back of the room and—without the chance to study the chart—I failed the eye exam. I was classified as 4F (unfit for service) and spent less than 24 hours in the Army while all of my ROTC class shipped off to Vietnam. Some may look at this as a good break, but my one life regret is that I didn’t serve in the military. This experience is at the core of my strong feelings for those who serve our country as well as my lifelong support of military non-profits.
Our life experiences are often a good starting point when deciding where to gift money. If you had $100,000 that you had to give away to someone other than a family member, what would you support?
Here are some beginning steps to get started:
- What specific causes move you or have had an impact on your life?
- Identify the non-profits that best address this need.
- Start small and increase your gifting as you get more comfortable with the organizations.