473- Last of the Mohicans

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.6 • 1.6K Ratings

🗓️ 5 July 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

To be a well-informed investor, it's crucial to read widely across various topics. This broad knowledge base enhances your ability to make strategic investment decisions by understanding industry dynamics, economic trends, and global events. Investing involves betting on the future of the country where you place your money, making a comprehensive worldview essential for success. While some may dismiss those without formal education in a specific field, unconventional thinking can offer unique and valuable insights in the investment world. On this week’s episode, Phil and Danielle take a look at the frontier economics of Daniel Boone, and how going outside the bounds of investing and finance can be a huge advantage for value investors. To learn how to better plan, save, and invest at any age, click here for a free copy of Rule #1’s guide Map Out Your Investing Journey: https://bit.ly/3DTy4qN Topics Discussed: July 4th The importance of reading broadly Daniel Boone/Westward expansion Buffett on betting against America Confirmation bias Resources Discussed: Last of the Mohicans Irrational Exuberance JRE with Terrence Howard and Eric Weinstein Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everybody this is Phil Town. This is Phil Town and this is Danielle Town.
0:11.6	And welcome to the Invested Podcast.
0:14.5	We are here.
0:15.5	Pre-4-July.
0:17.5	Oh yeah, pre-4-July.
0:20.1	Which I just looked at my calendar the other day and realized was coming up because of course there's no there's no preparation there's no celebration
0:29.8	in Switzerland which was a shock to me. I was like, don't they care? Don't they know that it was a
0:37.9	really important thing for the world when the US went independent?
0:41.6	No, they don't care. It's a big deal here. US went independent? No.
0:42.8	No, they don't care.
0:43.7	I mean, it's a big deal here.
0:44.9	In fact, here at the farm, we've got a hill
0:48.2	that we call Fireworks Hill.
0:51.0	And on Fireworks Hill, every year now for several years, a bunch of veterans and I get together and we raise the U.S. flag and blow thousands of dollars of fireworks up and just do the whole
1:10.9	rockets red flare.
1:14.0	Is it rockets red flare?
1:15.0	How long have you been doing that?
1:16.6	I didn't know about that.
1:17.6	Years, years, years, years, years.
1:20.2	I don't know, at least four years.
1:21.8	Okay. Now a couple hundred people show up and we do a barbecue over at the
1:26.8	pavilion and we got RSVPs so we know we have enough food and it's this whole thing out here.
	...

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