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
Astroball: Awesome Summer Reading
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What do you get when you combine an evidence-based process with visionary team spirit and brilliant leadership? A World Series Commissioner’s Trophy, for starters. The “rags to riches” tale of the Houston Astros 2017 World Series victory is now available for your reading pleasure, thanks to Sports Illustrated senior writer Ben Reiter.
We love the recent approach to managing the Astros because it mirrors our approach to investing in two major ways:
- First, it is backed by data. The Astros management seeks to fully understand the factors that drive wins, quantify them, and weight heavily toward them.
- Second, like with investing, achieving your long-term goals may sometimes require short-term sacrifices. If you have the right philosophy and the right process, you can trust that the odds will work in your favor long-term.
Something of a visionary himself, Reiter actually predicted the team’s 2017 victory on the cover of the magazine’s June 30, 2014 edition. Was that luck or forecasting talent? You be the judge, when you read Reiter’s entertaining account in “Astroball: The New Way to Win It All.”
Reminiscent of Michael Lewis’ Moneyball tale of the Oakland A’s, the Astros applied similar evidence-based strategies to improve their game. They leveraged what the Oakland A’s Billy Beane began and took it a step further, incorporating (with help from the “Nerd Cave”) scores for more unconventional qualities, such as personality and grit. These elements and more are touched on in this review: “[R]oster-creation, all by itself, did not bring home the championship. Building an exceptional team is one thing, but making it work as a team is another.”
We’ve said it before; we’ll say it again: We couldn’t be prouder of our exceptional home-town team. Go Astros!
Bonus read: For more of baseball’s rich historical lore, I also enjoyed this recent PBS documentary on legendary hitter Ted Williams, in all his quirky glory (narrated by St. Louis’s own Jon Hamm). This related New York Times piece tells the backstory of how some of the film’s best footage was almost lost for good.
HIG’s 2018 Summer Family Fiesta
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Thirteen can be a lucky number after all, as we were lucky to celebrate Hill Investment Group’s 13th year in business by hosting our largest summer family bash to date. Twenty-nine HIG team and family members attended the event, hosted by Matt and Lisa Hall.
More than an excuse to slurp up some ice cream, our family party is a way for us to reaffirm the meaning we find in our work. Magic happens when we have the opportunity to help families plan for their financial future. A different, but equally potent magic happens when we get together with our own families. It’s not only a privilege to enjoy one another’s “at home” side, it also reminds us that our loved ones are one of the reasons we work so hard. Roll up that deep stuff with some tacos, some kids and a pool – and you have our favorite employee event of the year!
This year a big storm blew in halfway through, but it didn’t dampen our spirits. Even as the rain fell in sheets for about an hour and the house lost power, Matt & Lisa’s daughter Harper entertained all the other kiddos with some expert slime-making … just add water.
Our theme this year was summer fiesta, featuring catered local fave Mission Taco Joint and Clementine’s Naughty & Nice Ice Cream, delivered. Eventually, the weather broke and we all had a blast swimming and cheering on the young contestants in our diving board splash-a-thon. John’s son James was the bomb.
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The only real downside to the weather was that we weren’t able to get our usual group photo. We’ll just have to make do by featuring the adorable pic of PJ’s son Henry, above, while re-sharing these group photos from 2016 and 2017. Next summer? Bring it on!
6 Things We’ve Learned from Marilyn Wechter
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In one of our recent posts, “You Need a Therapist,” Matt Hall described how we first connected with financial therapist Marilyn Wechter, MSW, and how much we’ve enjoyed collaborating with her ever since. This month, we thought it would be fun to share some of the ways we’ve been personally inspired by Marilyn. How have we used what we’ve learned from her – here in the office and at home? Read on to find out.
Rick Hill – One key takeaway from Marilyn has been how to share your financial values with your family, especially your children. How you spend your money communicates your values. Also, you can start talking to your children about money when they are very young; just tailor the conversation accordingly. Family meetings are important as well, although any communication is usually better than none. Marilyn once told me she’d conducted more than 1,000 family meetings and not one of them was a failure.
John Reagan – Marilyn has a way of putting things in perspective. For example, she’s helped me better balance my time and energy among the people and projects that are most important to me at work and home. “Live a little” are often good words to live by.
Nell Schiffer – Marilyn taught me that anxiety is contagious, which has been a simple but inspiring idea for me. We know that anxiety feels bad, but knowing that doesn’t always motivate us to let go of it. Realizing that our own anxiety can infect others is a powerful force for change, plus it reduces your own stress.
Buddy Reisinger – The most important thing I’ve learned from Marilyn is how to listen to others at a level I didn’t know I could. It’s still a work in progress, especially at home! But deeper listening has helped me better appreciate where others are coming from, why they feel the way they do, how they got where they are today, and where they’d like to go next. I’ve gotten better at stopping myself from interjecting before the other person has finished their thoughts.
Matt Hall – We all hold a mirror up to others. Am I intentional about what I am reflecting back? That’s my favorite lesson from Marilyn. She uses the example of a child learning to walk. If I hold out encouraging arms, a toddler will often smile and keep walking. If I project fear or doubt, most will sit down. The analogy holds true in our adult relationships too. I always try to remember that as I spend time with the important people in my life.