Message from Our Sponsor:

Billionaires wanted it, but 66,737 everyday investors got it first… and profited

When incredibly rare and valuable assets come up for sale, it's typically the wealthiest people that end up taking home an amazing investment. But not always…

One platform is taking on the billionaires at their own game, buying up and offering shares of some of history’s most prized blue-chip artworks for its investors. In just the last few years, those investors realized representative annualized net returns like +17.6%, +17.8% and +21.5% (among assets held 1+ year).

It's called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Warhol, all of which are collectively invested in by everyday investors. When Masterworks sells a painting – like the 23 it's already sold – investors reap their portion of any profits.

It's easy to get started, but offerings can sell out in minutes.

Our readers can skip the waitlist to join with this exclusive link.

Past performance not indicative of future returns. Investing Involves Risk. See Important Disclosures at masterworks.com/cd.

Market Summary

1. Article We’re Reading

Warren Buffett’s Letter to Shareholders 2024

Warren Buffett just released Berkshire Hathaway's 2024 Letter to Shareholders, and there’s a lot to unpack. (read)

We have also created a short, one-page summary of this letter, which can be downloaded here along with the summaries of all his letters since 1977.

2. Video We’re Watching

Will the U.S. go broke?
The video features Ray Dalio discussing the urgent issue of global debt, particularly the United States' financial instability, in a conversation with Tucker Carlson. Dalio warns that the U.S. must cut its deficit to 3% of GDP quickly or risk severe economic consequences, likening the situation to an impending heart attack. He explains how rising interest rates, geopolitical conflicts, and economic cycles contribute to financial uncertainty, urging policymakers to act decisively before the crisis escalates.

3. Chart We’re Analyzing

The Buffett Indicator (aka, Buffett Index, or Buffett Ratio) is the ratio of the total United States stock market to GDP. The current Buffett Indicator value of 211% is 2.2 standard deviations above the trend line, indicating the market is Strongly Overvalued.

4. Term We’re Defining

Standard deviation is a statistical measurement that looks at how far individual points in a dataset are dispersed from the mean of that set. If data points are further from the mean, there is a higher deviation within the data set. It is calculated as the square root of the variance. (source)

5. Quote We’re Reflecting On

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PDF Guides for Our Raders (Click to Download)

• Summary of Warren Buffett’s Letters to Shareholders

• 60+ Options Strategies

• Dividend Kings

• 10 Financial Mistakes You Absolutely Must Avoid

Our Value Investing Reports

• Is Apple Inc (AAPL) a Good Company selling at a Good Price? (read)

• Is Alibaba (BABA) Stock a Steal? The Market’s Low Expectations Could Be Your Opportunity (read)