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Animal Spirits Podcast

Housing Prices Are Still Too Low (EP.233)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.72.1K Ratings

🗓️ 1 December 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

On this week's show we discuss why the markets care about the new variant, Twitter's crappy stock performance, inflation at the Dollar Store, profit margins are too high, buying real estate in the metaverse and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Ben, did you see the stock market of stocks on Friday through their Omicron virus was sending nasty ripples through the...

0:07.2

I believe they call that a black Friday sale, Michael, but yeah, stocks were down more than 2%.

0:10.8

You know what was sleeping cuddly in my portfolio?

0:13.2

What's that, Michael?

0:14.5

My paintings.

0:15.8

My paintings did not move one Iota.

0:20.9

According to Citigroup Ben, art has the lowest correlation to developed equities of any major asset class.

0:28.3

Contemporary art specifically had a lower loss frequency than the S&P 500 from 1995 to 2020.

0:35.9

And even though past performance doesn't guarantee future results, history says there's a lower chance of huge losses

0:41.5

when you're holding for the long-term. Ben, you have seven paintings if I'm right.

0:46.3

I do.

0:47.5

I can start my own museum.

0:48.8

Do you have a digital gallery?

0:50.4

I got.

0:51.9

I had five.

0:53.0

Now I have six.

0:54.0

I bought that Pablo Picasso painting while we were on air with Scotland for masterworks,

1:00.0

checked that out on Monday.

1:01.7

So the good news about my six paintings, you don't need a million or a hundred million dollars for that matter

1:05.7

to buy a piece of Pablo Picasso.

1:07.5

With masterworks, which is the first and only platform that lets regular people,

1:11.2

like you and me invest in rare art, you can do this.

...

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