Inflation at Disney World (EP.243)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 9 February 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we talk about the huge moves after earnings, why people don't change their consumption habits, Ben's trip to Disney World, and much 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	Today's animal spirits is brought to you by Masterworks, Michael.
0:03.2	Yes.
0:03.9	Last week, I got a nice surprise from Masterworks.
0:07.1	As you know, Masterworks paintings are not trading
0:10.1	on a stock market ever, you don't see the change in value.
0:13.5	They update their values of their art, contemporary art,
0:17.2	quarterly, and some of the paintings that I bought,
0:20.5	I don't know, I guess a year or so ago, were updated.
0:23.6	I got a Cessalie Brown that's now up 43%.
0:27.8	Where are those marks come from, you think?
0:30.0	Boschiat.
0:31.0	I'm sure it's market-based.
0:32.2	Boschiat, those marked up 39%.
0:34.6	It's kind of nice because for the majority of the time,
0:36.6	these paintings were held at cost,
0:38.2	and then they do a fair market value.
0:41.2	And you see a pretty nice lift, right?
0:42.6	I also got that Cessalie Brown.
0:44.7	Isn't that nice?
0:45.6	It's just like a really nice surprise to go,
0:47.2	oh, it went from cost-basis to seeing a 40-some percent gain.
0:52.2	And it's kind of nice to have that piece of your portfolio
	...

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