Alternative Investing Report - April 17, 2026

In partnership with

*as of 4/16; Sources: S&P, BTC, FTSE, DJRE, 30YM

Madison Square Garden Sports (NYSE: MSGS)
Current Share Price: $330.88 ($8.06 billion market cap)

• Company owns the Knicks and Rangers -- two iconic teams -- and a minor league affiliate of each. Knicks alone have to be worth at least $10B, a 20% premium over the company’s $8B market cap today - so consider the Rangers and the affiliates to be "gravy"

• With sports as one of the few remaining "fully human" pursuits, leagues and teams are bound to grow their reach and value, especially the NBA which has global reach

• Private equity is likely to keep driving capital into the ecosystem and boosting prices

• Both teams are in long-term championship droughts, which at some point has to end (right?) and have had relatively poor management which can only improve, both of which will boost future value

• It's a long bet on NYC and both teams benefit from being here as well

Here’s a list of our past expert investment picks.

Eric Cantor is co-founder and CEO at Vincent where he is making private market asset investing easier for the everyday investor. Eric is an experienced entrepreneur with two exits, and a global investor in more than 90 early-stage tech companies and a diverse set of alternative assets.

Vincent co-founder Slava Rubin and Sacra co-founder Jan-Erik Asplund take an in-depth look at new public funds that offer investors access to private shares in companies on the path to an IPO — like SpaceX, OpenAI, and Anthropic. They break down how these vehicles are structured and, more importantly, what investors are actually getting exposure to under the hood.

🏡 Homebuilder confidence falls: The National Association of Home Builders/Wells Fargo Housing Market Index fell four points to 34, the lowest mark in eight months and well below the benchmark of 50 that indicates a neutral rating. Expectations for the rest of the year fell dramatically, as rising oil prices, inflation, and declines in consumer demand are hitting the real estate market hard.

🪙 Morgan Stanley tokenization push: The CFO of the major Wall Street bank said that the company is anticipating a “tokenized world” that will allow its clients to move it assets freely across its wealth management platforms. Morgan Stanley also recently launched a Bitcoin ETF, making it clear it views digital assets as a core part of its future.

🍷 Rare wine auction: Two magnums of an exceedingly rare 1870 Chateau Lafite that has previously been hidden in a Scottish castle for a century are being auctioned today at Sotheby’s and expected to sell for more than $50,000 each.

🤖 Attacks on Sam Altman: Twice this week, the San Francisco home of the OpenAI CEO has been targeted, once by a man throwing a Molotov cocktail, and once by a couple who fired a gun at the property.

🏢 Retail holds steady: Nationwide vacancy rates stayed flat in Q1, and with construction levels low and outdated stock being removed from the market, a supply crunch is coming that should see increased rents.

💵 Private credit in Japan: Private credit funds more than doubled their fundraising in Japan over the last year, even as the sector has started to struggle in the U.S. It is a good reminder that investing is a global endeavor and looking beyond domestic trends is important.

Monday: 📊 CPI report, 🏢 Retail construction slowdown
Tuesday: 🏡 Top housing markets, 💵 Private credit redemptions
Wednesday: 🪙 Crypto rally, ⚡ Sustainable investing comeback
Thursday: 🚀 VC update, 🪙 Kraken IPO

Have a great weekend!