There is not a single brain on Earth that is naturally wired for making smart financial decisions.
We have spent countless
generations figuring out how to survive, relying on things like
instinct, quick reactions, and fight or flight reactions. If you’re
fighting against a bear in the wilderness, that’s a good thing. But when
you’re wrestling with a turbulent Wall Street market on a computer
screen? Not so good.
Did you know that when you lose money on the stock market, it feels to your brain the same way you would feel a snakebite?
It’s a simple story of
the how world around us is changing faster than our brains. Investing
well takes a long-term strategy and a working understanding of market
forces and fluctuations. We aren’t born knowing how to navigate things
like mutual fund fee structures.
Want to outsmart your
brain? Put 95% of your money in an index fund and sit back while it
beats most mutual funds. Create hurdles to keep you from reacting
emotionally. And get someone to keep you accountable. We get trainers to
help us work out, and it turns out our brain needs a trainer too to
invest well.
Matt Hall is the President and Co-Founder of Hill Investment Group with
offices in St. Louis, MO and Houston, TX. He is the lead on all
strategic matters — crafting the firm’s vision, establishing its
exceptional standards, and managing key relationships. Hall is forever a
student of his craft and has attended the highest level of training and
education tied to investment theory and practice. What's more, Hall has
led many training programs for top advisors, and founded a peer group
of hundreds of advisors, called Evidence-Based Advisors, from the U.S.,
UK, New Zealand, Australia, Belgium, and Canada.
Hall
graduated from the University of Missouri, Columbia with a bachelor’s
degree in English literature. He and his wife, Lisa, have a young
daughter who is the star of their lives.
Odds On is currently available on 800 CEO Read, Amazon and other fine booksellers.
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