Fees vs. Fines: The Cost of Admission in Investing

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.

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The Morgan Housel Podcast -- timeless lessons on wealth, greed, and happiness.