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
Category: People
And Then There Were Four
Please join us in celebrating a very special addition to the Ackerman family, and by extension, Hill Investment Group. Katie, Doug and big sister Sally welcomed William “Billy” Hayden Ackerman to the world in the wee hours of October 21, 1:35 am. Billy weighed in at 8 lbs., 11 oz. Congratulations to all!

Warren Buffett’s Take on Economic Upsets
When this Wall Street Journal video of Warren Buffett’s reflection on the 2008 Financial Crisis debuted in early September 2018, a decade had passed since the beginning of the last big market crisis.
In light of current market volatility, it’s worth revisiting Buffett’s perspective today. Comparing the American economy to “an economic train moving down the track that has no ending,” he cautions against reacting to the occasional “derailments.”
“People talk about a fog of war,” says Buffett, “but there’s a fog of panic too, and during that panic, you’re getting inaccurate information, you’re hearing rumors. If you wait until you know everything, it’s too late.”
Words of wisdom that made sense in 2008. They still make sense today.
Me and Jonathan Clements
When I discovered Jonathan Clements 20 years ago, I noticed right away we had a lot in common. We were both early advocates for evidence-based investing (or “passive investing,” back then). We both knew better than to heed all the “noise” from the vast majority of the popular press. We knew even then, our jobs were to help investors focus on the essentials: reducing costs, managing market risks, understanding the science of investing.
There was one difference between us. While I was a fiduciary investment advisor for a then-small firm, Clements was the personal financial columnist for The Wall Street Journal, and one of the few voices of reason in the media. His columns left me optimistic, knowing we were not alone.
At the time, I did not notice a physical resemblance. Funny what a few years will do. These days, I see we now share a similar hair style as well!

Whatever. We’re both still going strong doing what we love: I, in my role at Hill Investment Group, and Clements, as proprietor of the Humble Dollar blog and author of the newly published, “From Here to Financial Happiness.”
One of his recent posts, “Tell Us a Story,” caught my attention. We often employ story-telling in our client conversations here at HIG. But, as Clements points out, it’s important to not let random anecdotes distract you from the greater story of evidence-based investing. “Detail the inevitable failure of most investors to beat the market,” he says, “and someone will bring up the neighbor who purportedly bought Amazon’s stock at the initial public offering and never sold.”
I agree. There’s always “the neighbor,” or cousin, or co-worker who hits the random jackpot. Good for them. But, as Clements concludes: “The weight of our many mediocre investment decisions eventually sinks in – and (you were expecting me to say this) the logic of indexing proves irresistible.”
If you’re looking for other thoughtful ideas about achieving financial happiness, you might find Clements’ materials irresistible as well. From one white-haired gent to another: Hat’s off to you, Jonathan!