BT MAGAZINE 2024 VF no marks 8 oct - Flipbook - Page 40
ISSUE 17
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This strategy seeks financial growth and aligns with a
forward-thinking and dynamic investment philosophy.
Marilyn Monroe: Iconic Status and High-Risk, HighReward Investments
Marilyn Monroe’s iconic status and the intrigue
surrounding her life and premature death create a unique
narrative for high-risk, high-reward investments. Her
memorabilia’s increasing value over time demonstrates
the potential of including collectables in a portfolio,
offering substantial returns while highlighting the
importance of risk management.
INVESTING IN MEMORABILIA
Marilyn Monroe’s enduring appeal ensures that her
memorabilia continues to appreciate significantly
in value. From her iconic dresses to personal items,
collectors are willing to pay high prices for pieces
connected to her storied life. This sustained demand
reflects her lasting legacy and the potential for significant
financial returns from investing in collectables.
One of the most famous examples of Monroe’s
memorabilia is the white dress she wore in The Seven
Year Itch, which famously billowed up as she stood
over a subway grate. This dress sold for $4.6 million at
auction, far exceeding its original value. Similarly, other
items associated with Monroe, such as her personal
letters and jewellery, have also seen dramatic value
increases.
These case studies highlight how iconic memorabilia
can be a lucrative addition to an investment portfolio,
capitalising on the enduring fascination with cultural
legends.
RISK MANAGEMENT AND PLANNING FOR THE
UNEXPECTED
Marilyn Monroe’s sudden death at the height of her
career is a poignant reminder of the unforeseen factors
that can impact investments. Just as her untimely demise
added to the allure and value of her memorabilia,
unexpected events can significantly influence the value
of various assets. This underscores the importance of
risk management and planning for unpredictability in
investment strategies.
Investors can mitigate risks and safeguard their
portfolios through several strategies:
Diversification: Spreading investments across various
asset classes, including collectables, stocks, bonds, and
real estate, can reduce exposure to any single market’s
volatility.
Insurance:
Obtaining
insurance
for
high-value
collectables and other tangible assets protects against
loss, theft, or damage, ensuring that investments are
secured.
Contingency Planning: Preparing for unexpected
events by setting aside emergency funds and having
a clear exit strategy for investments can help manage
risks effectively.
By incorporating these strategies, investors can enhance
the resilience of their portfolios, ensuring they are
well-prepared for unforeseen circumstances. Monroe’s
legacy teaches us the importance of balancing highreward opportunities with prudent risk management to
achieve long-term financial stability and growth.
Steve Jobs: Visionary Approach to Technology and
Business
His visionary approach to technology and business
defines Steve Jobs’ legacy. His forward-thinking
mindset provides lessons in investing in technology and
emerging industries, emphasising innovation and longterm growth.
INVESTING IN TECHNOLOGY
Jobs’ relentless pursuit of innovation can guide
investments in technology stocks, startups, and
emerging industries. Companies that lead in
technological advancements often offer substantial
growth potential. For instance, Jobs’ vision for Apple
transformed it into one of the most valuable companies
in the world, demonstrating the significant returns that
can come from investing in groundbreaking technology.
Highlighting successful tech investments, such as Apple’s
stock performance, illustrates the potential returns
from investing in innovative companies. Similarly,
identifying emerging tech sectors, such as artificial
intelligence, renewable energy, and biotechnology, can
provide valuable opportunities for forward-thinking
investors.
Jobs’ ability to foresee and shape future trends can
inspire long-term investment strategies. Focusing on
sectors poised for future growth ensures a portfolio that
evolves with technological advancements. Investing in
emerging industries, such as renewable energy, biotech,
and artificial intelligence, aligns with Jobs’ legacy of
innovation and offers substantial growth potential.
LESSONS FROM LEGACIES
Audrey Hepburn, Pablo Picasso, Marilyn Monroe, and
Steve Jobs’ legacies offer valuable insights into crafting
a robust and diverse investment portfolio. By drawing
on their examples, we can align our financial strategies
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