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.

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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.

A friend (and client) wrote me recently, “thank you for not emailing me about Brexit.”

The week of the vote, he said he received at least a dozen emails from other financial firms with Brexit analysis.

The impact of Brexit was far less severe than the market pundits would have had you think at the time.

Yes, the Brexit vote did lead to initial volatility in markets, but this has not been exceptional nor out of the ordinary. One widely viewed barometer is the Chicago Board Options Exchange Volatility Index (VIX). Using S&P 500 stock index options, this index measures market expectations of near- term volatility.

You can see in the chart above that while there was a slight rise in volatility around the Brexit result, it was insignificant relative to other major events of recent years, including the collapse of Lehman Brothers, the eurozone crisis of 2011, and the severe volatility in the Chinese domestic equity market in 2015.

As always, the attention turns to the next “crisis du jour”.

Jim Parker reminds us in this pdf of the following:
When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors stay disciplined during purported “crises.”

But it’s important to remember, not only must you correctly guess the outcome of the ____, you have to correctly guess how the market will react.

What we do know is that markets incorporate news instantaneously and that your best protection against volatility is to diversify both across and within asset classes, while remaining focused on your long-term investment goals.

The danger of investing based on recent events is that the situation can change by the time you act. A “crisis” can morph into something far less dramatic, and you end
up responding to news that is already in the price.

Journalism is often described as writing history on the run. Don’t get caught investing the same way.