Why Investors Need a Latticework of Ideas, with Morgan Housel

<p>Here are three lessons from this conversation with investment writer Morgan Housel:</p> <p><strong>Lesson #1:</strong> Great investors need patience and humility.</p> <p><strong>Lesson #2:</strong> Read broadly.</p> <p>Don’t 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.</p> <p><strong>Lesson #3:</strong> Play a strong defense.</p> <p>On the surface, it seems like playing defense is a conservative strategy. Emergency funds and a strong income-producing allocation, for example, both sound conservative.</p> <p>But in the long-term it could prove to be the opposite.</p> <p>Enjoy this interview, which originally aired in April 2018.</p> <p>For more information, visit the show notes at <a href= "https://affordanything.com/episode338" target="_blank" rel= "noopener">https://affordanything.com/episode338</a></p>