#125: How to Gain a Competitive Edge, with Morgan Housel
Morgan Housel has spent thousands of hours reading about investing.
As a former columnist for the Wall Street Journal and The Motley Fool, he’s spent more than a decade reading, interviewing, thinking and writing about how to manage money.
And he’s come to a simple conclusion: less is more.
Doing nothing is often the best course of action.
Patience, humility and long-term thinking give individual investors a massive competitive edge over major institutions.
The classic strategy of dollar-cost averaging into index funds is a smart approach.
And ultimately, success is based more on emotions than Excel.
This week, Morgan joins me on the podcast to discuss how to gain a competitive edge as an investor.
Resources Mentioned:
- @morganhousel on Twitter
- Morgan Housel on Reading, Writing, Filtering Information – an Interview on The Knowledge Project podcast
- Fortune’s Children, by Arthur T. Vanderbilt II
- The Emperor of All Maladies, by Siddhartha Mukherjee
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