Pub. price: $45.00
Wine Investment for Portfolio Diversification
How Collecting Fine Wines Can Yield Greater Returns Than Stocks and Bonds
ISBN: 1934259470 Contributors: Broadbent, Michael (Foreword)
Publisher: Wine Appreciation Guild Published: Dec 1 2009 Pages: 179 Weight: 1.00lbs. Height: 10.00" Width: 7.00" Depth: 0.75" Language: English
There's little academic writing published in the way of wine's investment potential, and what there is has whipped up a frenzy of mixed messages. In Wine Investment for Portfolio Diversification: How Collecting Fine Wines Can Yield Greater Returns Than Stocks and Bonds, Professor of Finance Mahesh Kumar uses modern portfolio theory and his special insight to create a Fine Wine 50 index that fills the gap in the financial literature by showing empirically that fine wine is a rock-solid diversification tool that has higher expected returns related to its over all contribution to risk than do stocks and bonds. The only book of its kind, this analysis offers a real opportunity to learn about blue chip wines and portfolio diversification. Not only is it essential reading for all players in the investment world, it's also a must have for every seller, collector and enthusiast. Based on robust financial analysis this book demonstrates the attractiveness and synergy of holding fine wine in a diversified portfolio of traditional financial assets. Whether you see wine as simply fermented grape juice, or divine ambrosia, putting this book to work in your portfolio will have you seeing dollar signs.
"Is wine a wise investment, or bold speculation? No need to rely on luck. Mahesh Kumar's structural analysis could be of considerable help."---Michael Broadbent, Master of Wine
"Kumar's study of wine investment is undoubtedly the most comprehensive research available worldwide. The book should prove to be the definitive guide to investment in fine wine."---George Clowes, Fine Wine Management Ltd.
"This scholarly work is a must for any serious collector of Bordeaux wines, whether it be the professional wine trade person, Wall Street investor or avid consumer"---Robin Kelley O'Connor, President, Society of Wine Educators
"America wholeheartedly embraces another long standing European tradition! A smart combination of passion and pleasure, keep this book next to your Wine Advocates and Wine Spectators."---Ralph Sands, Bordeaux Expert, K&L Wine Merchants
"I hate to think of wine being thought of primarily as an investment, but the world's finest wines do appreciate significantly in value, and it would be foolish to ignore the fact that more and more shrewd investors are looking at wine as a way of making money."---Robert M. Parker, Jr.