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Welcome to The Philadelphia Newsletter!

In today’s edition:

• Upcoming Hot Wheels Monster Trucks Live Glow Party

• AI art of the week

• A deep dive into the life of Rocky Marciano

• And more…

Quote of the Week

“The secret of getting ahead is getting started.”

-Franklin D. Roosevelt

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.

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!

The University of Pennsylvania, located in Philadelphia, was founded by which historical figure?

A) John Adams

B) Benjamin Franklin

C) Thomas Jefferson

D) Alexander Hamilton

Answer to Last Week's Trivia:

Philadelphia native Pearl S. Buck won the B) Nobel Prize in Literature in 1938.

News

💼Business

Family behind Carter Melons has been in the business over 70 years. (link)

Forbes declares Philadelphia-area company as one of 'next billion-dollar startups. (link)

🏒Sports

Philadelphia 76ers will Benefit From Jared McCain's Offensive Prowess. (link)

Eagles Howie Roseman Lapping Competition In Draft And Decision Making. (link)

🏦Finance

Navient agrees to sell Xtend Healthcare for $365M. (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

🚛 Hot Wheels Monster Trucks Live Glow Party
Wells Fargo Center Philadelphia, PA
Saturday, August 24 | 12:30 PM | (more info)

🏈 Philadelphia Eagles vs. Minnesota Vikings
Lincoln Financial Field Philadelphia, PA
Saturday, August 24 | 1:00 PM | (more info)

Music & Concerts

🎸 New Found Glory: Catalyst 20 Years Later
The Fillmore Philadelphia
Thursday, August 22 | 7:30 PM | (more info)

🎤 Bruce Springsteen
Citizens Bank Park Philadelphia, PA
Friday, August 23 | 7:30 PM | (more info)

Family

📚 Poetry Works for Kids 8 - 12
Main Point Books 116 North Wayne Avenue Wayne, PA
Thursday, August 22 | 3 - 4:30pm EDT | (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 “An architecturally symmetrical Philadelphia.” and this is what I got.

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

Philadelphia Historical Events

1908: The first Mother's Day is observed in Philadelphia.

In 1908, the first Mother's Day was observed in Philadelphia, marking the beginning of a tradition that would spread nationwide. The founder of Mother's Day, Philadelphian Anna Jarvis, played a pivotal role in establishing this special day to honor mothers. The inaugural Mother's Day event took place on May 10, 1908, with celebrations held at the Wanamaker department store on Market Street. Anna Jarvis, an early feminist, organized the first official Mother's Day in Grafton, West Virginia, and later brought the celebration to Pennsylvania. Her efforts and advocacy led to the recognition of Mother's Day as a national holiday, with President Woodrow Wilson officially proclaiming the second Sunday in May as Mother's Day in 1914.

Philadelphia's connection to the founding of Mother's Day is a testament to the city's rich history and its role in shaping cultural traditions. Anna Jarvis's influence and dedication to honoring mothers have left a lasting legacy, and her impact is still felt today as families across the country come together to celebrate Mother's Day. The City of Brotherly Love can also be called the City of Motherly Love, thanks to the pioneering efforts of Anna Jarvis and the historic observance of the first Mother's Day in 1908.

As we commemorate Mother's Day each year, we can reflect on the origins of this beloved holiday and the significant role that Philadelphia played in its establishment. The spirit of Mother's Day, rooted in love, appreciation, and gratitude for mothers, continues to resonate in the hearts of Philadelphians and people around the world. This historic milestone in 1908 marked the beginning of a tradition that has become a cherished annual celebration, honoring the remarkable influence and importance of mothers in our lives.

Famous People From Philadelphia

Rocky Marciano (1923–1969): Professional boxer who held the world heavyweight title.

Rocky Marciano (1923–1969)

Rocky Marciano, born Rocco Francis Marchegiano on September 1, 1923, in Brockton, Massachusetts, was an American professional boxer who held the world heavyweight title for four years during the 1950s. He is widely regarded as one of the greatest heavyweight champions in the history of boxing. Marciano is the only boxing champion to ever retire undefeated, with a remarkable record of 49 wins, including 43 knockouts. His legacy endures as an iconic figure in the sport of boxing.

Early Life and Boxing Career (1923-1956)

Rocky Marciano was born on September 1, 1923, in Brockton, Massachusetts, to Italian immigrants Pierino Marchegiano and Pasqualina Picciuto. His early years were marked by a passion for boxing, and he began his amateur career with a record of 8-4.

In 1946, Marciano represented the Army and won the Amateur Armed Forces boxing tournament. His amateur success laid the foundation for his professional boxing career, which began in 1947.

Marciano's professional career saw him rise to prominence as he faced notable opponents and defended his title six times. He announced his retirement on April 27, 1956, at the age of 32, finishing his career with an undefeated record of 49–0.

Life After Boxing and Legacy (1956-1969)

After retiring from boxing, Marciano hosted a weekly boxing show on TV and worked as a referee and boxing commentator. He remained a prominent figure in the boxing world, and his legacy as an undefeated champion continued to inspire future generations of boxers.

Marciano's legacy endures as an iconic figure in the sport of boxing, with his remarkable record of 49 wins, including 43 knockouts, solidifying his status as one of the greatest heavyweight champions in boxing history.

Connection to Philadelphia

In 1952, Marciano, at the age of 29, faced the World Heavyweight Champion, 38-year-old Jersey Joe Walcott, in Philadelphia. This significant match added to Marciano's legacy as he continued to solidify his reputation as a formidable boxer.

Key Achievements:

• Undefeated professional boxing record of 49 wins, including 43 knockouts.

• Held the world heavyweight title for four years during the 1950s.

• Legacy as an iconic figure in the sport of boxing, inspiring future generations of boxers.

Rocky Marciano, the legendary American boxer, rose to prominence as the only boxing champion to retire undefeated, with a remarkable record of 49 wins, including 43 knockouts. His legacy endures as an iconic figure in the sport of boxing, inspiring future generations of boxers with his dedication, skill, and undefeated status.

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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