Featured entries from our Journal

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

Tag: Jason Zweig

Wall Street Journal “Discovers” DFA and Passive Investing

passivista

While we don’t think of ourselves as the passive types, it’s interesting to see The Wall Street Journal shine its bright spotlight on passive investing and related evidence-based investing in its new series, “The Passivists.”

You can browse the entire series, or here are a couple of our favorite installments:


The Dying Business of Picking Stocks,  Anne Tergesen and Jason Zweig

News flash! “Investors are giving up on stock picking.” Our take on the matter: It’s about time.

Making Billions With One Belief: The Markets Can’t Be Beat, Jason Zweig

Featuring Dimensional Fund Advisors, with founder, chairman and co-CEO David Booth reflecting that “A little bit of judgment can make a difference.”


As the media turns its attention to the types of investment strategies we’ve been employing at Hill Investment Group since our founding, we wonder whether this will be a passing fad, a lasting improvement for investors or (as is so often the case in life), a little of both. Whatever. We’ll enjoy the wider coverage while it lasts, and still be encouraging you to Take the Long View with your investments, long after the spotlight has moved on.

Happenings in the Evidence Based Investing World

Hill Investment Group likes to stay on top of the evidence-based investing world.  Below you will find three links to relevant and entertaining commentaries that have been shared with us.

Trio

Jared    |   Jason    |   John

  • Jared Kizer thoughtfully explains the Brexit and its effects, or lack thereof in this article on MultiFactorWorld.
  • Jason Zweig addresses the benefits of value and tilting in his Wall Street Journal article “Everything Is More Expensive Than It Looks”
  • John Oliver humorously describes the sad but true state of many actively managed retirement plans in his show Last Week Tonight on HBO.  Please know in advance, there is a bit of lewd language and subject matter in this clip.

Warning of Lower Expected Returns

Just four weeks ago, Jason Zweig of The Wall Street Journal warned investors to lower their long-term expectations of stock returns going forward. He gave one bit of advice for improving your odds of success—diversify internationally. If you’re a client of Hill Investment Group you can put a check mark next to this guidance. Unlike most investors, you’ve had significant international exposure since becoming a client. Here’s an excerpt:

After more than six years of a bull market, investors should stare a cold, hard truth straight in the face: Future returns on stocks are likely to be far slimmer than the fat gains of the past few years.

Leading investment analysts think you will be lucky to squeeze out an average return of 2% annually, after inflation and fees, from a typical portfolio of stocks and bonds over the coming decade or so.

Investment expenses will loom much larger in a world of smaller expected returns. So will avoiding big mistakes.

Featured entries from our Journal

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

Hill Investment Group