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b'#338: This month, we\\u2019re running four episodes based around the four pillars of F.I.R.E. \\u2014 financial psychology, investing, real estate and entrepreneurship.\\nToday\\u2019s episode, which originally aired in April 2018, offers advice to investors who want to sharpen and hone their competitive edge.\\nHere are three lessons from this conversation with investment writer Morgan Housel:\\nLesson #1: Great investors need patience and humility.\\nLesson #2: Read broadly.\\nDon\\u2019t just read books about finance and investing. Read from a broad multi-disciplinary array of subjects, so that you can form a latticework of ideas.\\nLesson #3: Play a strong defense.\\nOn the surface, it seems like playing defense is a conservative strategy. Emergency funds and a strong income-producing allocation, for example, both sound conservative.\\nBut in the long-term it could prove to be the opposite.\\nEnjoy this interview, which originally aired in April 2018.\\nFor more information, visit the show notes at https://affordanything.com/episode338\\nLearn more about your ad choices. Visit podcastchoices.com/adchoices'