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Animal Spirits Podcast

The Super Bubble (EP.273)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

šŸ—“ļø 7 September 2022

ā±ļø 47 minutes

šŸ§¾ļø Download transcript

Summary

On today's show we discuss Jeremy Grantham's super bubble call, how "don't fight the Fed" has evolved, why all opinions are extreme today, how the bottom 50% are making the biggest financial progress, how the Fed screwed up the housing market and much 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  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.

0:03.7

Michael, I was checking out my Masterworks

0:05.5

fully the other day.

0:07.1

Biggest win for me right now besides my one

0:09.1

that sold is Cessely Brown Girl Trouble.

0:11.6

It's almost 40% from where I bought it, not to brag.

0:14.5

But I've been noticing something interesting

0:16.0

about Masterworks lately.

0:18.6

When you and I first signed up,

0:19.6

I think our minimum to invest was $5,000.

0:22.1

Now they still might have that same minimum,

0:23.4

but new paintings are coming through

0:25.0

and I get the emails once or twice a week

0:26.7

for new paintings.

0:27.9

And the minimum is now $500,

0:30.4

which I think for a lot of people

0:31.3

might be a little easier to stomach,

0:33.2

a $500 minimum for new painting is not bad,

0:36.9

especially something that is a little illiquid

0:39.8

because it's a piece of art

0:41.4

because it's not gonna trade hands every day

0:43.2

like the stock.

...

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