When I went to Iceland almost 10 years ago and found her records, what the, I didn't know that you knew that maybe you maybe we didn't have that information. So this is so interesting. We need to sort this out. This is part of what we're going to Iceland for. No. By the way, just to turn this back to in our investing podcast, what that reminds me of is when I was studying entrepreneurship and the sort of sociology of entrepreneurial countries like the US or Israel.
The past hundred years has seen humanity mobilize in a way that was previously unimaginable, and that worldwide cultural shift has been kicked into overdrive in the digital age. These massive changes have shaken up markets for decades, and this trend of globalization shows no signs of slowing down.
As the world becomes smaller, supply chains become more interwoven, and people’s expectations of immediacy grow, the future looks very uncertain. Following decades of relative peace, geopolitical jockeying has taken on a previously unseen context in a world where the chief rivals depend on each other for our modern way of living.
With declining populations ushering in a declining need for consumption, investors will have to adapt to this new era of global commerce in ways that many nations seem unwilling or unable to do. On this week’s show, Phil and Danielle discuss some of the unique aspects of the US, and what it means for America to get ahead of the demographic curve and avoid catastrophe.
Although this podcast doesn’t pick stocks, Rule #1 has these great tips available to help investors learn how to start generating generational wealth: https://bit.ly/3ros8mU
Topics Discussed:
- Ancestral immigration
- Munger on Musk
- Post-WWII hegemony
- European manufacturing changes
Resources Discussed:
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