MiB: How to Fix a Broken IPO System

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 MiB: How to Fix a Broken IPO System     The Initial Public Offering (IPO) system is broken. A better system: Use "Direct Listings" as a superior method for bringing companies public. The current IPO system hurts ordinary investors, provides less capital to the company going public itself, and allow more information to be shared pre-listing. So argues Bill Gurley, the legendary venture… Read More The post MiB: How to Fix a Broken IPO System appeared first on The Big Picture. Read on »   10 Monday AM Reads My back to work morning train WFH reads: • One Year Since the Bottom One of the big lessons from 2020 is that risk is always present, even if we don't always feel it. Things were smooth sailing until they weren't. The other big lesson: Survival is the name of the game. It's not about… Read More The post 10 Monday 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.