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InvestED: The Rule #1 Investing Podcast
436- Towns in Iceland
Sep 19, 2023
Join Phil and Danielle as they recap their captivating journey through the stunning landscapes of Iceland on a quest to explore where their ancestors once called home. The chapter discusses the unique genealogical history of Iceland, the process of finding ancestral records, and the experiences of the speakers in discovering their family history. The speaker and their companion navigate through a difficult-to-access town in Iceland discovering ruins and speculating about their ancestors' activities. Reflecting on their trip to Iceland, they discuss the risks involved in investing in penny stocks and the need for balance between risk and safety in modern life. The speaker draws parallels between personal challenges and challenges in the investment market, emphasizing the need for resilience and maintaining focus.
40:14
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Quick takeaways
- The importance of genealogical records and family history in understanding one's roots and heritage.
- Recognizing the difference between the risks faced by our ancestors and the risks associated with investing can help maintain perspective and resilience during financial hardship.
Deep dives
Exploring Ancestral Roots in Iceland
The podcast episode recounts a trip to Iceland where the hosts, Phil and Daniel Town, embarked on a journey to explore their family's ancestral roots. They traveled to the National Archive in Reykjavik and discovered the detailed genealogical records that Iceland possesses, dating back hundreds of years. Through the assistance of a local guide named Thor, they were able to locate the ruins of their ancestors' farms, experiencing the rugged and isolated landscapes that their family once called home. The hosts reflect on the incredible hardships their ancestors faced, such as shark fishing in treacherous conditions, and draw parallels between the risks they took for survival and the concept of risk in investing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode