Making Money
Lessons from 300 years of stock market advice
Jan 29, 2024
Historian James Taylor explores the evolution of stock market advice literature over the past 300 years, discussing its impact on popular understanding of the market and the allure of getting rich through cryptocurrency. He also discusses the importance of eliminating emotions and mastering feminized tendencies in the stock market and explores the historical inclusion of women in the market. Taylor examines the masculine and aggressive nature of stock market language and the contradictions in promoting both passive and active investing. Lastly, he discusses the concept of the FIRE movement and the different types of stock market advice and providers.
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Quick takeaways
- The history of stock market advice literature reveals the contradicting messages and enduring influence of financial content throughout the centuries.
- Financial advice has always had an entertainment appeal, blending self-help literature with market speculation, resulting in the perpetuation of popular topics and survivorship bias.
Deep dives
Introduction of Making Money Masterclass
The podcast episode introduces the Making Money Masterclass, a series of six live stream sessions with regulated financial advisors. The masterclass covers topics such as pension withdrawals, cash flow modeling, mortgages and property, tax efficiency strategies, and advanced index fund investing. Participants can share their own circumstances to receive tailored advice, and there are Q&A sessions for further engagement.
