Hard to Be Long-Term Bearish on U.S.

View this email in your browser E-mail sponsored by Masterworks: Last week, you might have heard that Christie's Auction House cashed in on the NFT mania, setting a new record of $69.3 million for a digital artwork. The takeaway? Art investing has hit the mainstream. But if you're anything like us, putting your money in real, tangible art by blue-chip artists makes a lot more sense. For one thing, contemporary art prices have outperformed the S&P by 172% from 1995–2020 according to data from Masterworks. They are the first platform to let you invest in paintings by the likes of Basquiat, Kaws, and Haring. But what about returns? They've got that too: they recently sold their first painting, a Banksy work, for a 32% annualized return to investors. With results like that, it's no wonder there are over 25,000 people on the waitlist. Use this link to skip to the front today. *See important info Hard to Be Long-Term Bearish on U.S.   We were going to discuss Inflation, but in honor of Tom Keene’s vacation we flipped the script last minute. This is a nuanced argument to try to make in 4 minutes, but I gave it a shot: The key to understanding long-term investing is to recognize why this week or this month is not… Read More The post Hard to Be Long-Term Bearish on U.S. appeared first on The Big Picture. Read on »   Which Are the World's Most Innovative Countries? See full chart after the jump     The top five most innovative economies include Switzerland, Sweden, U.S., U.K., and the Netherlands. All are high income Western Democracies.  Singapore is 8, South Koreas is 10, Israel 13 and China is 14 overall. Various countries lead in different key areas of output: Switzerland: First in Knowledge Creation,… Read More The post Which Are the World’s Most Innovative Countries? appeared first on The Big Picture. Read on »   10 Tuesday AM Reads My Two-for-Tuesday morning train WFH reads: • Average corporate tax rate plunged by more than half after 2017 overhaul Business investments in things like plants and equipment, as well as employment in the U.S., increased following enactment of the law, the study found. (Politico) see also The Wealth Gains That Made 2020 a Banner Year… Read More The post 10 Tuesday AM Reads appeared first on The Big Picture. Read on »     Barry Ritholtz Barry L. Ritholtz is the founder and chief investment officer of Ritholtz Wealth Management. He was named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. Copyright © 2021 Ginormous Content LLC, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Ginormous Content LLC 24 W 40th New York, NY 10016 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.