#125: 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.

For more information, visit the show notes at http://affordanything.com/episode125

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