As longtime followers know, I’m a fan of baseball and Michael Lewis. When he first published Moneyball in 2003, it was a match made in heaven. Dialing the clock forward to 2016, Jeff Luhnow, General Manager of the Houston Astros and former head of Player Development for the St. Louis Cardinals, is one of baseball’s best practitioners of Moneyball ideology…embracing the data and statistics of player performance to build a winning team rather than hoopla, emotion, and gut feel. I asked Jeff to read Odds On to get his take. His quote appears on the book itself:

“I picked up Odds On and couldn’t put it down. Matt Hall is a great storyteller, and his discoveries about how to build real wealth in the overwhelming world of finance make common sense. The sports world has been changing rapidly due to better information, and now I know the same revolution has been taking place in the investment arena.”

Rick Hill and I are thrilled to welcome John Reagan as an additional owner of Hill Investment Group! During the past year we designed a detailed ownership program and are pleased that it provides a sustainable plan for the future of the firm. John has made exceptional contributions to Hill Investment Group. Please join us in congratulating him on his long-term commitment to the firm.

Sometimes our clients come on board with a few bad habits learned from prior investment experiences. They may be focusing on events outside of their control, or they may have confused strategy and outcome (meaning they don’t recognize that their good returns were mere luck). In a recent video from AQR, founding principal John Liew draws a clear difference between good and bad investors. We love his definitions for each, and we’ll continue our work converting more people to good investors. Click here for the video.