You have inherited (entirely unexpectedly) $20 million in cash. You have hired a

You have inherited (entirely unexpectedly) $20 million in cash. You have hired a

You have inherited (entirely unexpectedly) $20 million in cash. You have hired a financial adviser to assist you in building a portfolio to generate income as well as to accumulate wealth. You like art, so you have also hired an art adviser to assist you in building a portfolio of fine art pieces.
Understandably, perhaps, your two advisers are in conflict with regard to the proportion of your new-found wealth you should allocate to fine art.
You are tasked with writing a memo (in essay format) explaining your strategy to the two principals. Being an economist, you will wish to use economic logic, and academic references, to justify your decisions. You should explain the following: the proportion of your portfolio that you have decided to allocate to fine art (this is aimed at the financial adviser) and the type(s) of art that you wish to collect (this is aimed at the art adviser).
THE ABOVE ARE THE TOPIC INSTRUCTIONS. I will send you a docx file with all the readings you can use for academic references, so please do not use any outside sources. You can use any citation format. My only requirement for this assignment is that you need to average 3 citations from the headline “required readings to use” and at least for 4 citations from the headline “standard readings to use”. Both of the headlines are included in the mentioned docx file. Most importantly, this memo needs to sound persuasive and empirically motivational in terms of economics. Please don’t use any outside sources.