Episode
Joseph S. Moore: What 300 Years of Money Advice Taught One Historian About Getting Rich: Capitalism is not a Scam, the American Dream is Alive, Marriage is a Superpower, Hope is an Asset
- Published
- May 4, 2026
- Duration seconds
- 4893
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Summary
Joseph S. Moore is a historian, author, and investor who spent a decade reading nearly every piece of financial advice published in America over the past 300 years, testing those lessons himself, and distilling them into his HarperCollins book How to Get Rich in American History , selected by Malcolm Gladwell and Adam Grant for their Next Big Idea Club. Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/ 3:00 — Joseph's working-class South Carolina roots: mother born into a home with no flush toilet, father's family led the famous Gastonia mill strike in the 1920s, grew up in a household that voted communist. 5:00 — Bogumil shares his parallel experience growing up in communist Poland and watching the country transform after embracing free markets. 8:00 — The church basement class that saved Joseph from the 2008 crisis: bought a house as a grad student, a Dave Ramsey budgeting class revealed the danger, sold the house one week before the market froze. 11:00 — The American Dream: people have declared it dead since the 1670s. Joseph introduces "Big Woe" — the despair industrial complex of journalists, politicians, and academics incentivized to sell doom. 17:00 — Upward mobility data: in the 1800s, 20-30% moved from bottom to middle class; today, 60% escape the bottom, 10% go all the way to the top. "We have more economic mobility than we've ever had." 23:00 — Dismantling financial shibboleths: compound interest only recently became powerful (people didn't live long enough), stocks didn't reliably beat bonds until after WWII, real estate stayed flat for a century…