Making Markets

Author Eric Jorgenson discusses what he learned from writing 'The Almanack of Naval Ravikant' and 'The Anthology of Balaji'. They also talk about anti-capitalistic ideas, techno-optimism, and the economics of publishing. Topics include non-monetary values, the perception of technology, contrasting Naval Ravikant and Biology, the COVID pandemic's impact, and the economics of traditional publishing versus self-publishing.

Caroline Taylor, an art valuation expert, discusses the appraisal process for fine art and NFTs. Topics include block trading, irrevocable bids, and the place of NFTs in the art market. They also explore her background in art, transitioning from painter to curator, valuing and trading CryptoPunks, challenges in validation and building a data warehouse, concerns about AI in the industry, and the growth of NFTs in traditional art institutions.

My guest today is Michael Lee. Michael is a dealer in rare photographs and the director of Lee Gallery. Today, he takes us on a tour across this under-the-radar market. We talk about the difference between the primary and the secondary market, the buy side, and tastemakers. We also cover his process for finding buyers, pricing inventory and his view on NFTs.This is exactly the kind of esoteric market I wanted to explore when we transitioned the show to Making Markets, and I hope you enjoy this conversation with Michael Lee.For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.-----Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.Follow us on Twitter: @makingmkts | @ericgoldenx Show Notes(00:02:22) - (First question) - Steps to becoming an art dealer(00:04:22) - Examining funding aspects for art dealers(00:06:21) - The function of independent art traders(00:10:09) - Comparing reproducibility: photography versus painting(00:11:10) - Delving into the buyer's perspective on photography(00:13:13) - Discussing the absence of external authorities in photography ratings(00:17:09) - Investigating the influence of museums in art(00:19:21) - Forecasting future trends in the art market(00:23:27) - Unraveling how transactions occur in the art world(00:28:07) - Clarifying the role of art galleries(00:30:45) - The intricate process of art collection(00:35:50) - Addressing perceived pretentiousness in art(00:41:55) - Exploring royalties within the art industry(00:45:08) - Grasping the factors affecting art pricing(00:53:00) - Analyzing why photography is currently in a 'fear stage' Learn more about your ad choices. Visit megaphone.fm/adchoices

Pierce Crosby, General manager of TradingView, discusses the rise of TradingView's ubiquity in the trading market. He explores the services offered by TradingView and details its business model. They also discuss managing relationships with various brokers and the challenges in acquiring data for startups.

Brandon Zick, CIO of Ceres Partners, discusses the dynamics of investing in farmland, supply and demand, and how Ceres chooses farms to invest in. They also explore the economics of farming, bankruptcy risks, and the niche sector of farm funds.

Will Peck, Head of Digital Assets at WisdomTree, discusses the firm's digital roots, the complexity of launching a bitcoin ETF, their innovative app, and the differences in regulations between Europe and the US. They also explore the advantages of tokenization, instant settlement, and the future of stablecoins in asset holdings.

Today's guest on the podcast is CarDealershipGuy, an anonymous Twitter account with insights into the car market. They discuss the profitability of car dealerships, the shortage of used cars, the decline of leasing, the significance of the auction market, depreciation of luxury cars, and the best car choices for a $100,000 budget.

Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, explores ETFs and their benefits. They discuss the impact of index returns and the history of the S&P 500. They also talk about the success stories of ETF offerings, launching new products, and the status of Bitcoin ETFs. Additionally, they dive into alternative data for analyzing inflation, the housing market, and mortgage rates. Finally, they discuss views on the Fed, inflation, and market cycle phases.

Nik Lentz discusses his journey from a difficult childhood to a UFC career and his philosophy on fighting and life. He then talks about his transition to trading derivatives and his approach to risk management. The podcast explores the impact of childhood experiences on success, the psychology of big wins in trading, and provides advice for young traders.

Eric Golden interviews Corey Hoffstein, Founder and Chief Investment Officer of Newfound Research, discussing topics like portfolio allocation, diversification, and the innovative approach known as Return Stacking. They also touch upon lessons learned from running an Asset Management firm for 15 years.