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Welcome to The San Francisco Newsletter!

In today’s edition:

• Malawi receives an insurance payout of $11.2 million for El Nino-linked drought disaster.

• Upcoming Amtrac concert

• A deep dive into the life of Jeannette Rankin

• And more…

Quote of the Week

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.”

–Pele

Sponsored

Investors have trusted this platform with +$1bn - here’s why

Through COVID, soaring inflation, and today’s crushing interest rates, a group of enterprising investors have collectively entrusted one billion dollars from their portfolios to Masterworks’ art investing platform.

Why? Because the contemporary art Masterworks offers—from legends like Picasso and Banksy—has demonstrated a low correlation to the stock market, inflation resistance, and exceptional appreciation potential. Not to mention Masterworks has completed 23 successful exits to date, distributing over $60+ million in net proceeds to investors in those offerings.

These investors didn’t need art expertise to diversify with blue-chip art, because Masterworks does all the heavy lifting, finding artists with appreciation potential (buying <3% of works offered) and then breaking an art offering into shares for you. If Masterworks sells a piece again for a profit, investors get a return. With 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%.

With 65,000+ investors, offerings can sell out quickly. Luckily, you can get priority access here.

Past performance is not indicative of future returns. Investment involves risk.

Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

San Francisco Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

Which San Francisco neighborhood is known for its LGBTQ+ community, vibrant nightlife, and colorful street murals?

A) The Castro

B) Haight-Ashbury

C) North Beach

D) The Mission District

Answer to Last Week's Trivia: The historic San Francisco building, completed in 1898 and known for its beautiful Beaux-Arts architecture, is B) The Ferry Building.

The Best Stories of the Week

💼 Business

Wall Street holds near records after an 8-day winning streak. (Link)

India, Malaysia to expand ties, defense cooperation as Kuala Lumpur tries to move closer to Beijing. (Link)

🏒 Sports

The 49ers and Brandon Aiyuk are all out of trade destinations. (Link)

Beloved SF Giants fan gets vilified by Braves after grand slam splash hit. (Link)

🏦 Finance

Malawi receives an insurance payout of $11.2 million for El Nino-linked drought disaster. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚾ Miami Marlins at San Francisco Giants
Oracle Park, San Francisco
Fri, Aug 30th - Sun, Sep 1st | (More info)

⚾ Arizona Diamondbacks at San Francisco Giants
Oracle Park, San Francisco
Tue, Sep 3rd - Thu, Sep 5th | (More info)

Music & Concerts

🎵 Valerie June
The Chapel, San Francisco
Thursday, Aug 22nd | (More info)

🎵 Amtrac
1015 Folsom, San Francisco
Friday, Aug 23rd | (More info)

Family

🎮 OnePieceCon AUG2024 - AI & SocialFi
103 Montgomery Street Building 103, San Francisco
Friday, Aug 23rd | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “San Francisco celebrating a futuristic holiday with unique traditions” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

San Francisco History

1879: First San Francisco Cable Car system inaugurated by Andrew Hallidie.

In 1879, the first San Francisco Cable Car system was inaugurated by Andrew Hallidie, marking a significant milestone in the city's transportation history. The idea for a steam engine-powered, cable-driven rail system was conceived by Hallidie in 1869, inspired by the sight of horses struggling on wet cobblestones to pull a horsecar up Jackson Street. The first cable car was tested at 4 o'clock in the morning on August 2, 1873, on San Francisco's Clay Street, and it soon became a vital mode of transportation for the city's hilly terrain.

The cable car system quickly gained popularity and became an iconic symbol of San Francisco. Over the years, the cable cars endured various challenges, including the 1906 earthquake, but they continued to serve the city's residents and visitors. Today, the San Francisco Cable Car system stands as a testament to innovation and endurance, offering a unique and nostalgic way to experience the city's charm and history. The cable cars have become an integral part of San Francisco's identity, attracting tourists from around the world and preserving a piece of transportation history.

As the first cable car system in the world, the San Francisco Cable Car system holds a special place in the hearts of locals and visitors alike. Its enduring legacy and historical significance continue to be celebrated, marking 150 years of providing an iconic and beloved mode of transportation in the city. The cable cars have become a symbol of San Francisco's innovation and resilience, embodying the spirit of the city and its ability to overcome challenges while preserving its rich heritage.

Famous San Franciscans

Jeannette Rankin (1880-1973) - The first woman to hold federal office in the United States, born in San Francisco.

Jeannette Rankin was an American politician and women's rights advocate who became the first woman to hold federal office in the United States. Born in San Francisco, she made history as the first woman elected to the U.S. House of Representatives as a Republican from Montana in 1916 for one term, then was elected again in 1940. Throughout her life, Rankin was a social reformer, woman suffrage activist, and pacifist, leaving an indelible mark on American history.

Early Life and Activism

Jeannette Pickering Rankin was born on June 11, 1880, near Missoula in western Montana. Her upbringing in San Francisco instilled in her a strong sense of independence and determination, traits that would define her future endeavors. Rankin's passion for social reform and women's rights was ignited during her early years, leading her to become a prominent figure in the suffrage movement.

Political Milestones and Advocacy

In 1916, Jeannette Rankin made history by becoming the first woman ever elected to the United States Congress. Her election marked a significant milestone in the fight for gender equality and paved the way for future generations of women in politics. During her term, Rankin voted against U.S. entry into World War I, demonstrating her unwavering commitment to pacifism and her dedication to advocating for peaceful resolutions to global conflicts.

Legacy and Continued Advocacy

Rankin's legacy extends beyond her groundbreaking election to Congress. Her tireless advocacy for women's rights, pacifism, and social welfare continued throughout her life, inspiring others to pursue social and political change. Despite facing challenges and opposition, Rankin remained steadfast in her beliefs, leaving an enduring impact on American history and the ongoing struggle for equality and justice.

Key Achievements of Jeannette Rankin:

• First woman elected to the U.S. House of Representatives in 1916.

• Advocated for pacifism and voted against U.S. entry into World War I.

• Continued advocacy for women's rights and social welfare throughout her life.

• Pioneering figure in the suffrage movement and a trailblazer for women in politics.

• Left an enduring legacy as a symbol of courage, determination, and social reform.

Jeannette Rankin's story is one of resilience, courage, and unwavering dedication to creating a more just and equitable society. Her impact on American history and the advancement of women in politics remains an inspiration for generations to come.

Connect With Me

If you want to connect, reply to this email and let me know what you think.

I would love to hear from you. Don’t be shy.

-Matthew Larsen

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