Algos & Art with Masterworks Founder Scott Lynn | Okay, Computer.

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 2 October 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan and Guy Adami discuss the tech market's recent decline, focusing on Apple and semiconductor stocks. They explore the influence of geopolitical tensions, particularly between Israel and Lebanon, and their impact on tech stocks. The conversation also delves into Apple's future, including its AI capabilities and market performance. The hosts analyze the performance of semiconductor companies like NVIDIA, Dell, and Micron amid the generative AI trend. After the break, Dan interviews Scott Lynn, CEO and founder of Masterworks, discussing the opportunity for average investors to invest in high-value art through a fractionalized basis, the performance of contemporary art compared to other asset classes, and the role of low correlation in portfolio diversification. Lynn also reflects on his entrepreneurial journey, the art market's dynamics, and the recent boom and bust in the NFT market. — View our show notes here Learn more about Current: current.com Listen to 'Strategic Alternatives': https://www.rbccm.com/en/gib/ma-inflection-points Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow @dee_bosa on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to a very special edition of OK Computer. I am Dan Nathan, joined by my special on the tape
0:07.8	and market call friend Guy Adami, Guy, how are you? What up? Love to be here on the OK Computer.
0:13.7	It's my favorite Pearl Jam album. All right. There you go. That would be Radiohead, but it's just really a riff on their
0:19.0	1997 album, OK, OK, OK, A. Y, like we do for the
0:23.6	podcast here. But we are having a special pod because Guy is with me. Normally, we do those other
0:28.8	pods, but he's dropping in today because there's a lot of stuff going on in tech in the public
0:33.0	market. So we're going to hit a bunch of that. I also have a great addition to our funders and founders
0:38.8	series, but today it's just going to be founders and founders. It's going to be my good friend,
0:42.3	Scott Lynn. He's the CEO and founder of Masterworks.com. This is a complete platform for folks
0:48.7	to invest in the art market on a fractionalized basis, and we're going to go into all of that.
0:53.8	So stick around.
0:54.6	It's a very interesting sort of asset class when you consider some of the other rates of
0:59.5	returns of risk assets and how art has performed in different environments, inflationary,
1:04.4	disinflationary, the whole nine. So stick around for that. All right, guy, it is two o'clock
1:08.4	on Tuesday afternoon. You know, we've had a lot of very benign market days since the Fed cut interest rates.
1:15.1	Nearly two weeks ago, we had that one big day where the markets just ramped.
1:20.0	The S&P broke out to new highs.
1:22.3	But interestingly, the NASDAQ never made a new high.
1:25.8	And many of the leaders and some of the semis in particular have really lagged behind the S&P 500.
1:31.7	Let's talk about that today because here we are.
1:34.2	The NASDAQ's down a little more than 2%.
1:36.5	The S&P's down a little more than 1%.
	...

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