This excellent piece from The New York Times takes a look at the hidden costs of daredevil investing. It sums up in one simple phrase that you’ve heard from us for the last decade: Take the long view. Investors often miss the fact that meddling with their investments leaves cash on the table. They’re better off focusing “relentlessly on the far horizon, sticking with a simple and cheap plan for getting there.”

John Reagan has been with our team 3 years in June. When he first approached us about opportunities at Hill, we were quickly convinced he was the perfect fit. And, his offer to work for free in the first two years really caught our attention. His passion and work ethic are unmatched, and we’re lucky to have him on the team. (Needless to say, his formal job offer included a salary from day one.)

In celebration of his time here, let’s take a brief look back at his light bulb moment. Watch as he discusses his first read of our favorite piece from Michael Lewis.

Dear Clients and Friends,

Between now and the next newsletter, Hill Investment Group will celebrate its 10 year anniversary. As you can see from one of our first team photos, not much has changed. Even our original mission statement from June 6th, 2005 holds true today: to bring science, simplicity, and transparency to investors. We still get a feeling of pride every time a client tells us we’ve done just that.

Our team recently updated our strategic plan, and I’m convinced that the next ten years will be every bit as prosperous as the first.

Thank you for taking the long view with us,

Rick Hill