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Tag: take the long view
2017: Still Practicing Rationality Under Uncertainty
We can’t — and won’t try to — tell you what 2017 has in store for investors. But we can tell you that our approach to managing whatever does unfold remains the same. Here are a couple of inspirational quotes from other respected voices who share our perspective about the road ahead.
From Financial Author & Coach Nick Murray …
“The nature of successful investing, as we see it, is the practice of rationality under uncertainty. We’ll never have all the information we want, in terms of what’s about to happen, because we invest in and for an essentially unknowable future. Therefore we are dedicated to the principles of long-term investing that have most reliably yielded favorable long-term results over time: planning; a rational optimism based on experience; patience and discipline. These will continue to be the fundamental building blocks of our investment advice in 2017 and beyond.”
From Dimensional Fund Advisors’ paper, “Prediction Season” …
“In the end, the only certain prediction about markets is that the future will remain full of uncertainty. History has shown us, however, that through this uncertainty, markets have rewarded long-term investors who are able to stay the course.”
What Survivors Know (and So Can You)

On the eve of the presidential elections, how to survive and make best use of our time here on earth may be even more top of mind than usual. What better time to share a recent piece by Fast Company’s Laura Vanderkam: “Cancer Survivors Share Hard-Won Lessons On Managing Time Well.” Beyond being fascinating in its own rights, the article features our own Matt Hall reflecting on his experience living with leukemia (a subject he also explores more extensively in his book, “Odds On.”)
When Matt was hit with the bad news in 2006 (only about a year after co-founding Hill Investment Group), he found it hard to sustain his usual “Take the Long View” outlook. As Vanderkam’s article relates:
“[Matt] recalls being in his car afterward. His wife was driving. He looked out the window and saw other people in their cars, heads moving to the music. ‘Life goes on, but in my car it felt like life was at a standstill.’”
Fortunately, Matt and his doctors found a treatment that has enabled him to effectively manage his chronic disease during the decade since. If anything, his commitment to long-view living is even stronger, with an intense approach to living every day. (Although those of us who have known Matt for years would debate whether that’s really all that new!)
In summarizing Matt’s and other cancer survivors’ experiences, the article wraps: “For all the different reactions, one theme emerges: Surviving tends to make people think that there is no point wasting time and energy on things that are neither meaningful nor enjoyable.”
As you consider this and future elections, you may want to heed Matt’s and his fellow survivors’ life experiences. Focus on the details you can control in your life. Don’t “fool around with small stuff,” as Matt advises. Hire someone else to mow your lawn. If you have been longing to do something … do it.
Taking the Long View From College
This summer we were privileged to work with a young man named Dominic. He was a huge help around the office and we miss having him here! Below you can read about his experience in his own words:
I’d be lying if I said I wasn’t reluctant to join Hill Investment Group for a summer internship. My background is in public relations, media studies, and writing. I’m not even part of the Business School at Xavier University where I’m entering my junior year. In fact, finance and investing were nowhere to be found on my radar until Rick Hill walked me through a Monte Carlo Simulation during my first week at the office.
But what I found most valuable about my time at Hill Investment Group wasn’t my indirect personal finance lessons from Rick nor the investment lingo that I picked up from John Reagan. As I talk with other college students, I can’t help but notice how ego shapes their opinions about work, specifically internships. So often, the main concern is the title of the position or what type of tasks they’ll be assigned. What I’ve discovered is that valuing learning and opportunity over credit and titles opens the most doors. This was confirmed during my time at Hill.
Instead of looking at this internship as something on top of everything else in my life, I found instead that it complimented aspects of my life that I never thought possible. Because of HIG, I was able to apply the skills I’ve cultivated to a real, professional business. In addition, the HIG team taught me what it means to run a client-centered operation. They instilled in me the value of connecting to clients on a personal level – knowing the names of their kids and where they go to school, asking about family vacations, etc. Such an environment inspired me to implement the same approach into my personal life, as well as my future career.
Hill Investment Group oozes trust and confidence. I sensed this beginning with my first email exchange with John all the way through my last day when I wrote the post you’re reading right now.
As I spent more time with the team, I couldn’t help but notice that the reasons I was drawn to HIG were the same reasons I was drawn to Xavier University: a small group of loyal, purposeful individuals, maximized attention to detail, and a simplified approach to solving problems. But perhaps the most striking feature of HIG is its transparency.
I’ve heard office horror stories warning newbies to keep quiet and never interrupt “the boss.” Such a culture is nonexistent at HIG. Because team communication is so greatly emphasized, it wasn’t rare for a work project discussion to digress into a personal, real-life story. If you don’t think that’s possible or efficient, read Matt’s book Odds On: The Making of an Evidence-Based Investor.
The opportunity to work with HIG was unexpected to say the least, but oddly, it’s the unexpected things that prove to be the most valuable down the road. I don’t know where I’ll be in one, ten, or twenty years, but the tools that HIG equipped me with have prepared me to take on life with purpose and fortitude.
I’m proud to say that I take the long view.