Comments by "Kristopher Driver" (@paxdriver) on "Why We Need To Rethink Geopolitics" video.

Masterworks sold only 15 out of their several hundred because those were the only ones awarding double digit returns. Masterworks is growing because of its advertising, which pins itself for years entirely on the sales of those 15 sales. For comparison, buying an ETF for 15 of the world's biggest indices would not only allow the investor to capitilze during boom cycles around the world but also diversify in the totality of all human productive enterprise in every sector. Art is not an investment, it's a tax shelter. Masterworks is preys on the public's ignorance, impatience, and gullibility. Contributing to the problem for a sponsorship is just as bad as being a snake oil broker. Just because you didn't make the claims or brand the oil doesn't mean its ethical to peddle the snake oils and parrot the claims of other swindlers.
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10:34 I think the civil war counts as a precedent that predates Jan 6th. Just nitpicking... While I'm at it, masterworks doesn't have a wait list, there's no priority access. They've also only sold 15 items in how many years? Seems more like a grift than an opportunity with so few profits considering years of accumulating capital and assets. Illiquidity and duration are costs, that's why art is a bad investment unless you already own a healthy mix of real estate, stocks, ETFs, commodity futures, bonds, currencies, and also already participate in venture capital offerings. It's not investing, it's intrinsic value is based entirely on the willingness of 0.0001% of the world's population bidding on it competitively with another member of the same economic minority of the world's population. Stocks are ownership of assets and profits of companies which produce value, they're also liquid with preferential tax structure. Masterworks is the epitome of dumb money, not in any way an investment. Everyone needs to use English words with definitions in mind, not just make things up to sound cool.
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