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The Psychology of Money with Morgan Housel

Fees vs. Fines: The Cost of Admission in Investing

Mar 28, 2025 · 12 min · 11.9 MB
0:00-12:21

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One of my favorite psychology studies showed that if you know a reward is coming, but you don't know exactly when, you are susceptible to losing your mind. Isn't it so similar in investing? 

Thanks to my friends at Ramp -- the best expense accounting system I've seen. For more check out ramp.com/morgan.