Welcome to the 27th edition of The Wealth Letters, a collection of letters written by people from all walks of life on the pursuit of true wealth, wisdom, and meaning.

If you haven’t done so, please read or listen to the manifesto before diving in to the collection, as it will give a clear vision of the project; the Who, What, and Why.

The following letter was written by Morgan Housel on June 19, 2020. The letter was written for his daughter, who was born on June 3rd, 2019. His letter was released to his readers on cnbc.

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