And with Americans now holding a record share of their wealth in equities, economists are warning of a possible downshift in returns ahead.His remark echoes a growing unease among market watchers: valuations across multiple asset classes have swelled after years of easy money and resilient investor appetite. Federal Reserve chair Jerome Powell recently cautioned that stock prices “are fairly highly valued (4).”“Asset prices are kind of high,” Dimon added. “In the back of my mind, that cuts across almost eve ...

Core Insights - The number of billionaires has increased significantly from 2,000 in 2017 to over 3,000 today, indicating a growing concentration of wealth [1] Group 1: Wealth Protection Strategies - Billionaires employ various legal tactics to protect their wealth, which can also be applicable to individuals with lower net worths [2] - Portfolio diversification is a common strategy to mitigate risk and maximize returns, with suggestions to diversify beyond just financial portfolios into international real estate and investments [3] - Investing internationally helps reduce country-specific risks, as exemplified by investors like Ray Dalio who advocate for global investments and gold holdings to hedge against inflation and political instability [4] Group 2: Trusts and Asset Protection - Trusts, including irrevocable trusts, grantor retained annuity trusts, and dynasty trusts, are utilized by billionaires to safeguard assets from lawsuits and ensure wealth transfer to descendants [5] - The cost of setting up an irrevocable trust is estimated to be around $1,500 or more, while revocable trusts typically start at approximately $1,000, making these strategies accessible to a broader audience [7]

OS: Would you say art history inspires your aesthetic?X: Art history is important to what I do. Sometimes I think my art is a vehicle for doing art history. My process is very self-aware, and I'm interested in very recent art history. Every day becomes part of art history. https://t.co/o7FH0cp0Vh ...

Core Viewpoint - The alternative asset space is challenging to define, with some investors considering private equity, real estate, and digital assets as optimal investments outside the traditional financial system [1] Group 1 - The alternative asset space includes various sectors such as private equity, real estate, and digital assets [1] - Investors are increasingly looking for ways to diversify their portfolios beyond traditional investments [1]

Solana NFT Art Scene - Solana NFT 艺术在纽约市开设实体画廊 Cycol Gallery，由 Solana 和 Bonk 支持 [1] - JTLissPhotoArt 为链上创意创建了实体空间 [1] - Steve Sweatpants 策划了 Cycol Gallery 的开幕展 [1] Market Outlook - Solana 上的艺术是不可避免的 [1]

Core Viewpoint - The recent increase in the U.S. Consumer Price Index (CPI) is primarily attributed to poor monetary policy rather than tariffs, according to EJ Antoni, chief economist at The Heritage Foundation [1][2]. Group 1: Economic Analysis - The U.S. CPI showed a 3.0% increase over the previous 12 months as of August [1]. - Research from institutions like the Peterson Institute for International Economics and the Federal Reserve Bank of St. Louis indicates that U.S. businesses have absorbed a significant share of the costs from new tariffs, with limited pass-through to consumers so far [2]. - Goldman Sachs predicts that U.S. consumers will eventually absorb 55% of tariff costs if the impact mirrors earlier tariffs [3]. Group 2: Tariff Impact - Critics argue that the implementation of tariffs has led to concerns about their impact on U.S. consumers, with many banks misjudging the real effects [2][3]. - Antoni contends that predictions of consumers bearing the full burden of tariffs have consistently been incorrect [2]. Group 3: Inflation and Purchasing Power - Inflation has been eroding Americans' purchasing power for decades, with $100 in 2025 equating to $12.05 in 1970 [4]. - The article emphasizes the importance of looking at the broader economic picture rather than attributing inflation to a single policy [4]. Group 4: Investment Strategies - Gold has surged over 45% in the past 12 months, highlighting its role as a safe haven during economic uncertainty [6]. - Real estate is also noted as a powerful hedge against inflation, with the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index increasing by 49% over the past five years [10]. - Crowdfunding platforms like Arrived allow investors to participate in real estate with minimal investment and without the responsibilities of traditional property ownership [11].

Company Overview - 1stDibs' mission is to enrich lives with extraordinary design[10] - The company operates an asset-light, two-sided marketplace with network effects, connecting buyers and sellers of luxury goods[14, 15] - 1stDibs has a legacy brand, founded in 2000, and has evolved from a listing service to a full e-commerce marketplace[17] Key Metrics - 1stDibs has over 7 million registered users[20] - The marketplace boasts over $10 billion in seller stock value[20] - Cumulative GMV has reached $3 billion[20] - The average order value (AOV) is $2,600[20] - The average order value (MOV) is $1,350[20] Financial Performance - Q2 2025 revenue was $89 million[20, 31] - Gross margin was 72%[20] - Q2 2025 Adjusted EBITDA was -$1.752 million[43] - Adjusted EBITDA margin for Q2 2025 was -7.9%[43]

Core Insights - The RealReal has opened its 16th store in Summit, New Jersey, continuing its expansion in the tri-state area and enhancing its presence in the luxury resale market [1][3] Store Design and Experience - The Summit store features a design that combines sustainability and luxury, with a color palette of burgundy and brass, light wood flooring, and a unique installation by textile artist Kiva Motnyk [2] - The store aims to be a destination for both shopping and inspiration, showcasing a curated mix of vintage furniture, art, and décor [2] Community Engagement - The Chief Merchandising Officer of The RealReal highlighted the success of previous pop-up events in the area, indicating strong community demand for a permanent store [3] Company Overview - The RealReal is the largest online marketplace for authenticated resale luxury goods, boasting 38 million members and a rigorous authentication process [4] - The company supports the circular economy by giving new life to luxury items across various categories, including fashion, jewelry, art, and home goods [4] Store Offerings and Services - The store provides personalized consultations and valuations for luxury items, along with a constantly refreshed selection of authenticated goods [6] - The RealReal offers various services to consignors, including free virtual appointments, in-home pickup, and direct shipping, ensuring a seamless selling experience [4]