More Sellers Than Buyers (EP.247)
Animal Spirits Podcast
The Compound
4.7 ⢠2.1K Ratings
šļø 9 March 2022
ā±ļø 41 minutes
šļø Recording | iTunes | RSS
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| 0:00.0 | Ben, first of all, it's good to see you. |
| 0:02.6 | As always. |
| 0:03.4 | Here's a quote from a famous economist, |
| 0:05.7 | making money is art, not Bembernake. |
| 0:08.9 | Old poor Quigman, did you know Ben |
| 0:10.8 | that Andy Warhol was an economist, |
| 0:13.1 | like in real life? |
| 0:14.2 | Really? |
| 0:14.9 | An economist-slash painter. |
| 0:17.2 | One of our favorite investments platforms, |
| 0:19.4 | MasterWorks, has taken this idea |
| 0:22.7 | that making money is art and they leveled it up. |
| 0:26.4 | They just sold their third painting |
| 0:28.2 | for a 33% net IOR. |
| 0:32.1 | Since 2017, they've sold three offerings |
| 0:35.7 | for an annualized gain of over 30%. |
| 0:38.4 | Pretty good. |
| 0:39.6 | Obviously past performance, et cetera, et cetera, |
| 0:42.0 | but three for three, not bad. |
| 0:43.8 | If you want to invest in Warhol, |
| 0:47.3 | Picasso, like I did, had an over to masterworks.io-slash-animal, |
| 0:52.2 | that's masterworks.io-slash-animal, |
... |
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