#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