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Investing in Liquid Assets
 
 

Investing in Liquid Assets [Kindle Edition]

David Sokolin , Alexandra Bruce
4.0 out of 5 stars  See all reviews (3 customer reviews)

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Review

"I find Dave Sokolin's judgment about wine -- the taste of it, how it will develop, and where its price is headed -- to be of incredible value. Personally, I follow his suggestions not to make money on wine but to enjoy drinking the wines when the price gets to a level I wouldn't want to buy them at." -- Sandy Weill, Chairman Emeritus, Citigroup Inc.

Product Description

Now more than ever, the value of Investment-Grade Wines (IGWs) and opportunities to invest in wine as an asset class are soaring. With a little research and a little risk, wine enthusiasts on every level will find it possible to gain big rewards in wine investment -- and there's never been a better time to try. IGWs have dependably outperformed blue chip stocks over the past 150 years, and the upscale wine market is still an area in which independent investors can profit handsomely.

A third-generation wine merchant, and CEO of one of the largest rare-wine companies in the world, David Sokolin knows how to turn fine wine into cold cash. And he knows how you can, too. In simple, practical terms, Investing in Liquid Assets provides all the information you need to understand the economic principles that govern the world of fine wine and take advantage of the resources currently available.

Using his insider's expertise, Sokolin defines Investment-Grade Wine and identifies the most financially important wine regions and styles. Defining the key players in the field, Sokolin shows you how to navigate the world of wine critics and understand the impact of their scores, and he explains why it's perfectly fine that your own personal tastes really don't matter. He offers tips on where to find reputable sources for fine wine, how to manage storage and resale, as well as all-important buying and selling strategies. In the second half of the book, he gives overviews of the world's greatest wine regions and offers his predictions about which regions and which wines are likely to represent the greatest investment opportunities in the near future.

Providing information and tactics previously known only to successful professionals, Investing in Liquid Assets turns your passion for fine wine into a valuable resource that will pay for itself.


Product details

  • Format: Kindle Edition
  • File Size: 2136 KB
  • Print Length: 304 pages
  • Publisher: Simon & Schuster (6 May 2008)
  • Sold by: Amazon Media EU S.à r.l.
  • Language English
  • ASIN: B003YCQ816
  • Text-to-Speech: Not enabled
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Bestsellers Rank: #162,468 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews
6 of 6 people found the following review helpful
Format:Hardcover
Very good book. Does a good job of explaining the multi-dimensional world of wine investment where you have to consider the vineyard (Grand Cru or premier cru) as well as the Producer (top tier like Rousseau, Roumier, Ponsot vs lower tier producer who might screw up what mother nature has provided), as well as the vintage (top years vs off-vintages)....then add to that the scores given by wine critics (over-rated or under-rated...potential for upgrades), the price it commands in the market, and your own personal taste...and there you have the basic building blocks by which to determine whether the wine has upside value or whether all the good news is fully priced in already.

Not necessarily a great book if you're looking for the pure investment theory side of things....for that I'd recommend "Wine Investment for portfolio diversification" by Mahesh Kumar. In this book, Sokolin doesn't dwell too much on actual portfolio theory & how Wine can be a good diversifier because of its very low correlation to stocks & bonds. Besides, as we all know in the post-Lehman world, the problem with diversification is that it vanishes when you need it most. The only thing that goes up in a falling market is correlations! Nonetheless, wine has proven to deliver great returns in bull markets and to sell off by far less than other assets when times get rough. This book is helpful for those who wish to look at Wine as an investment.
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Wine investing 9 April 2010
Format:Hardcover
A great book that will give people that are both new and old hands at wine investing good pointers to where their money should be going.
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0 of 2 people found the following review helpful
for us customers 26 Oct 2009
Format:Hardcover
for an European wine lover, most of info is common sense, already well documented, etc, not much new insights. can be interesting for a profane
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