Why A $1,000 Tip Pissed People Off
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 9 March 2023
⏱️ 12 minutes
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Summary
Have you ever given a waiter a huge tip? In this episode, Patrick Bet-David talks about leaving a $1000 tip for good service and why people should share their good deeds. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/valuetainment Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨 See important Masterworks disclosures: http://masterworks.io/cd
FaceTime or Ask Patrick any questions on https://minnect.com/
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Customer Service Vs. Customer Experience: https://youtu.be/bL_D-qyva0c
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Transcript
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| 0:00.0 | So the other day I give a thousand dollar tip at the restaurant and I post the receipt with a |
| 0:04.0 | story behind it and people. Some of them lost their minds. I want to tell you today why when you |
| 0:09.7 | go out there and do acts of kindness, why you ought to share it publicly. And I know many say, |
| 0:13.8 | don't do it. I'm telling you do it. My argument is coming here shortly. If you get value from this |
| 0:17.9 | video, give it a thumbs up and subscribe to the channel. So I don't know how close to your |
| 0:21.7 | following on what's going on with art as an alternative investment, but a lot of major companies |
| 0:26.6 | like Goldman Sachs, PIMCO, they're starting to talk to their clients about alternative investment. |
| 0:31.3 | As a matter of fact, this last year I was at Art Basel and guess who was there? Goldman Sachs, |
| 0:34.7 | I had a dinner with them and it was all around people that are investing millions of dollars |
| 0:39.4 | into art as an alternative investment. Here's some stats. 2022 was the biggest auction year ever. |
| 0:45.2 | Highest total from Victory Auction House is nearly 18 billion dollars. So now you may say, Pat, |
| 0:51.2 | that's great. I can't afford to buy five million dollar piece of art or an eight hundred |
| 0:54.5 | thousand dollar piece art. I don't have that kind of money. You sometimes talk about baseball cards. |
| 0:58.0 | You buy four million dollars. I don't have that kind of money. I understand the same way they created |
| 1:02.8 | mutual funds. A company called Masterworks allows you to buy into art by Andy Warhol, |
| 1:09.1 | Pablo Picasso, whoever may be, Banksy, but you buy shares of that art. So you'll say, |
| 1:15.1 | here's a million dollar piece. I own a share of this art. And then while they sell it, |
| 1:19.5 | you make the return on that piece of art. So today with what's going on with inflation? |
| 1:24.1 | Well, what's going on with the economy? Well, what's going on with the stock market? People |
| 1:27.2 | are a little bit concerned. One of the asset classes people are looking at is alternative |
| 1:31.1 | investments, specifically in art. And if you want to participate in this, I highly recommend you |
| 1:36.2 | look into Masterworks. Everything they do is buy the books. SEC, you have to do your own due diligence |
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