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Animal Spirits Podcast

More Sellers Than Buyers (EP.247)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

šŸ—“ļø 9 March 2022

ā±ļø 41 minutes

šŸ§¾ļø Download transcript

Summary

On this week's show we discuss a bear market brewing in the stock market, the stock market now vs. 1900, the impact of higher gas prices on consumer sentiment, crazy commodities prices, energy stocks, housing prices and more. Ā  Find complete shownotes on our blogs...Ā Ben Carlson’s A Wealth of Common SenseĀ Michael Batnick’s The Irrelevant InvestorĀ Like us on FacebookĀ And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.Ā Ā  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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