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Welcome to The San Diego Newsletter!

In today’s edition:

• Expected completion of Sempra’s liquefied natural gas project near Ensenada delayed.

• Upcoming San Diego Padres match

• A deep-dive into the life of Bob Filner

• 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.

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!

What is the name of the popular hiking trail that leads to the top of Cowles Mountain?

A) Sunset Trail

B) Pacific Crest Trail

C) Cowles Mountain Trail

D) Torrey Pines Trail

Answer to Last Week's Trivia: The university in San Diego famous for its stunning library designed by William Pereira is B) University of California, San Diego.

News

💼 Business

ARS Pharma Receives FDA Approval for Epinephrine Nasal Spray. (Link)

Tide Rock Invests in a Trio of Businesses. (Link)

🏒 Sports

Flourishing with Padres, Luis Arraez still misses Minnesota, remains close to Twins teammates. (Link)

MLB Power Rankings: Dodgers, Astros regain footing; Who we want to see at the 2028 Olympics. (Link)

🏦 Finance

$33.9M HQ Coming for Social Services Agency. (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

⚾ New York Mets at San Diego Padres
Petco Park, San Diego
Fri, Aug 23rd - Sun, Aug 25th | (More info)

⚽ Washington Spirit at San Diego Wave FC
SnapDragon Stadium, San Diego
Sunday, Sep 1st | (More info)

Music & Concerts

🎵 Miami Horror
Bang Bang, San Diego
Friday, Aug 23rd | (More info)

🎵 Streetlight Manifesto
Soma, San Diego
Thursday, Aug 22nd | (More info)

Family

🧗 Kids Night Out
3605 Clairemont Dr, San Diego
Saturday, August 24th | (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 Diego with a public space dedicated to virtual reality experiences.” and this is what I got.

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

San Diego Historical Events

1988 - San Diego hosts the America's Cup yacht race.

In 1988, San Diego had the honor of hosting the prestigious America's Cup yacht race, marking a significant moment in the city's maritime history. The America's Cup, known as the oldest international sporting trophy, brought together elite sailors and cutting-edge yacht designs from around the world to compete in the challenging waters off the coast of San Diego. The event showcased San Diego's stunning waterfront and highlighted the city's reputation as a premier destination for sailing and maritime activities. With its perfect sailing conditions and picturesque coastline, San Diego proved to be the ideal setting for this world-renowned sailing competition.

The America's Cup in 1988 drew global attention to San Diego, attracting sailing enthusiasts, spectators, and media from all corners of the globe. The city's vibrant atmosphere and warm hospitality left a lasting impression on visitors, solidifying San Diego's status as a top-tier location for international sailing events. The America's Cup also provided an economic boost to the local community, as businesses, hotels, and restaurants experienced increased patronage during the event. San Diego's successful hosting of the America's Cup in 1988 further solidified its position as a premier maritime destination and a hub for world-class sailing competitions.

The legacy of the 1988 America's Cup continues to resonate in San Diego, serving as a testament to the city's enduring passion for sailing and its ability to host major international sporting events. The event left an indelible mark on the local sailing community, inspiring future generations of sailors and reinforcing San Diego's reputation as a mecca for maritime enthusiasts. The America's Cup in 1988 stands as a proud moment in San Diego's history, symbolizing the city's enduring connection to the sea and its commitment to excellence in the world of sailing.

Famous People From San Diego

Pete Wilson - (1933-Present)

Pete Barton Wilson, a prominent American attorney and politician, has left a lasting impact on California's political landscape. From his early years in San Diego to his tenure as the 36th Governor of California, Wilson's career reflects a commitment to public service and a dedication to shaping the state's future.

Early Years and Political Aspirations (1933-1963)

Pete Barton Wilson was born on August 23, 1933, in Lake Forest, Illinois. His family later moved to St. Louis, Missouri, where he attended the private preparatory John Burroughs School. Wilson's interest in politics and law began to take shape during his formative years, setting the stage for his future endeavors.

Move to San Diego and Political Rise (1963-1971)

In 1963, Wilson made a pivotal decision to relocate to San Diego, California, a move that would significantly influence his political career. His involvement in Southern California politics began to flourish, leading to his election as the 29th Mayor of San Diego in 1971.

Mayor of San Diego (1971-1983)

Wilson's tenure as Mayor of San Diego was marked by significant achievements and initiatives that shaped the city's development. His leadership during this period laid the groundwork for his future impact on the state level, earning him recognition as a key figure in San Diego's political history.

U.S. Senator from California (1983-1991)

In 1983, Wilson transitioned to the national stage when he was sworn in as the junior U.S. Senator from California. His time in the Senate allowed him to address critical issues at the federal level and further solidify his reputation as a dedicated public servant.

Governor of California (1991-1999)

Wilson's most notable role came when he assumed the position of the 36th Governor of California in 1991. His two terms as governor were marked by a focus on fiscal responsibility, public safety, and education reform, leaving a lasting imprint on the state's governance and policies.

Legacy and Impact

Pete Wilson's legacy extends beyond his political career, encompassing his influence on San Diego and California as a whole. His contributions to public service, governance, and community development have left an indelible mark on the state's history and continue to shape its future.

Key Achievements of Pete Wilson:

• Elected as the 29th Mayor of San Diego in 1971, contributing to the city's growth and development.

• Served as the junior U.S. Senator from California from 1983 to 1991, addressing critical national issues.

• Implemented fiscal responsibility and education reform as the 36th Governor of California from 1991 to 1999.

• Left a lasting legacy in San Diego and California, shaping the state's political landscape and governance.

• Recognized for his dedication to public service and commitment to the betterment of the community.

Pete Wilson's story is one of political dedication, leadership, and a profound impact on the state of California. His journey from San Diego to the governor's office reflects a lifelong commitment to public service and a lasting legacy in California's history.

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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