Peter Temple's book is a valuable asset for anyone interested in alternatives to the stock market in the form of `tangible' or even `portable' investments. As recent history has shown there are plenty of reasons to want to diversify away from conventional securities such as stocks and bonds, and many of these alternatives are much less volatile and risky than the mainstream financial markets. But there's another, even more compelling reason to consider this type of asset, which is that supply is often limited - there are no more bottles of 1990 Chateau Petrus being made, for instance.
The main areas covered in this thoroughly-researched book are Art, Banknotes, Books, Coins, Diamonds, Forestry, Gold, Stamps, and Wine.
For each asset the author looks at the background to the market and gives helpful pointers on different collecting areas, how to invest, and so forth. He then poses a series of key questions to see whether it's `the right alternative asset for you' in terms of capital required, storage requirements, tax considerations and potential returns.
Each chapter also contains a comprehensive section on where to go for more information, and there's a final chapter giving the low-down on auctions and dealers.
If you're at all interested in diversifying your portfolio and making rare and valuable assets part of your investment strategy this book is an absolute must.