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The Compound and Friends

The Burning of Black Wall Street

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 26 February 2021

⏱️ 47 minutes

🧾️ Download transcript

Summary

This week on The Compound Show, Josh talks to journalist and author Tim Madigan about his book The Burning, which chronicles the rise and fall of Black Wall Street in Tulsa, Oklahoma, which happened 100 years ago this June. Tim tells us the true story of one of the darkest days in American history - and it's a story you've likely never heard before. If you like this week's episode, please leave us a rating and review, they go a long way. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey guys, JB

0:02.0

Today's show is the final episode in what we've been doing all through February, which is

0:09.9

commemorating Black History Month by talking about the history of African Americans in this country as it relates to the economy stock market

0:18.7

et cetera, and I think I really saved the most impactful episode I wanted to do for last

0:26.5

So what we're going to talk about today is a book called The Burning

0:32.3

And the burning was written by Tim Madigan about 20 years ago. I actually almost to the week or to the month and

0:40.1

He's a journalist worked at a big newspaper in Texas and was assigned an article

0:47.5

And upon being assigned the article he basically ended up in a situation where

0:53.1

He had to research something that he almost didn't believe could have possibly happened

0:58.8

And this is the true story of the burning of Black Wall Street

1:04.1

And this episode really means a lot to me because

1:07.7

When I first became aware of this event in US history, I said the same thing

1:13.2

I said how could this have happened and nobody's aware of it

1:16.8

Two things first how could this have happened, but second how come nobody even knows the story

1:22.7

How come we've never been taught this story

1:24.8

So you're going to learn a lot today about an episode in American history that is starting to get more attention

1:32.2

But for decades and decades it was almost something that it was always something that was too terrible to speak of

1:39.9

And so teachers didn't really teach it you didn't learn about this in school and

1:45.2

Now all of a sudden there's this kind of awakening around this event and so I really want you to

1:50.4

Just kind of absorb it the way that I have and carefully consider the takeaways from this

1:56.3

But Tim's going to come on in a second and

1:59.2

His book was published 20 years ago, but the event that that he's chronicled

...

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