If you are curious why our culture matters to your long term investing success, watch our video below. You will learn the purpose-driven values that make our team tick, and about how our team works to put the odds of investing success in your favor.
Morgan Housel just wrote THE book you need to read, and our pick for the November Book Club. In this episode, the esteemed financial writer joins Matt Hall and shares insights into his own investing strategies, an event that shaped his outlook on risk, a story about a janitor who left behind millions of dollars to charity, and why behavior is the most important factor in mastering your financial life.
As we head into the holiday season, we are encouraging families to discuss their values and guiding principles. On this point – we wanted to share this short, unedited piece by one of our favorite bloggers, Seth Godin. We think he does a superb job of defining what principles are, and why they are important.
Principle is Inconvenient
A principle is an approach you stick with even if you know it might lead to a short-term outcome you don’t prefer. Especially then.
It’s this gap between the short-term and the long-term that makes a principle valuable. If your guiding principle is to do whatever benefits you right now, you don’t have principles of much value.
But it’s the valuable principles that pay off, because they enable forward motion, particularly when it feels like there are few alternatives. We embrace a culture based on principles because it’s that structure and momentum that enables connection and progress to happen in the first place.
You can check out the original piece on Seth’s blog here.
Curious about facilitating your own family meeting? Try out these questions about values and guiding principles that you can pose to kids, partners, and parents this holiday season:
- What are your values?
- Anything you believe that you feel is a guiding principle in your life?
- What are our family’s guiding principles?
- How do these principles impact the decisions we make?