Successful investing may appear to be primarily about choosing the right investments and keeping the math straight. But many less obvious — and more important factors — come into play.

Writer Morgan Housel, of venture capital firm The Collaborative Fund, excels at identifying and explaining these often-overlooked but critically important aspects of successful investing. We’re pleased to offer this excerpt from his recent book, The Psychology of Money, which brilliantly highlights several of the most crucial ones.

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