Today's Animal Spirits is brought to you by Masterworks. There was a Bloomberg article over

the weekend showing average prices for NFTs have tumbled almost 70% from their peak in February.

Ben lost a little money on Top Shot, I lost a little more, which is why I'm glad that I also

have money in real tangible art by BluChip artists. That's where masterworks.io comes in.

Masterworks.io lets you invest in physical BluChip art by top artists like Monet and Picasso,

via SEC Qualified Reggae offerings. Unlike NFTs, supply for BluChip artists constantly declining

as works move from private to public hands like museums and foundations. Over the last 25 years,

contemporary art prices returned 13.6%, had a lower loss rate than gold, and a 0.01 correlation

to equities. I personally have invested in five different artworks on masterworks.io,

from artists like Basquiat and Andy Warhol. So head to masterworks.io today,

and tell Animal Spirits sent you to skip their 10,000-person waitlist. See important information

at masterworks.io slash disclaimer. See important information at masterworks.io slash disclaimer.

Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson, as they talk about with their reading, writing, and watching.

Michael Batnik and Ben Carlson work for Ritholds' Wealth Management. All opinions expressed

by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the

opinion of Ritholds Wealth Management. This podcast is for informational purposes only and should

not be relied upon for investment decisions. Clients of Ritholds Wealth Management may maintain

positions in the securities discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.

I was searching through the Twitter archive. I forget what I was looking for, but I came across

a tweet from Eric Bouchunis April 2nd, 2020. So just over a year ago, here's the tweet. Unreal.

Mutual funds have seen $356 billion in outflows in March. It's hard to describe how wild that is,

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