#125: Morgan Housel has spent thousands of hours reading about investing.\n 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.\n And he's come to a simple conclusion: less is more.\n Doing nothing is often the best course of action.\n Patience, humility and long-term thinking give individual investors a massive competitive edge over major institutions.\n The classic strategy of dollar-cost averaging into index funds is a smart approach.\n And ultimately, success is based more on emotions than Excel.\n This week, Morgan joins me on the podcast to discuss how to gain a competitive edge as an investor.\n For more information, visit the show notes at http://affordanything.com/episode125\nLearn more about your ad choices. Visit podcastchoices.com/adchoices