Wine Investment for Portfolio Diversification: How Collecting Fine Wines Can Yield Greater Returns Than Stocks and Bonds

Overview

Financial professional Mahesh Kumar documents how investment in fine wines over the past 20 years equal or exceed the return from stocks and bonds in this book. Based on the Nobel Prize–winning portfolio theory of Harvey Markovitz, the author provides a mean-variance model with expected return, standard deviations (risk), and correlations between asset returns. It includes extensive data and charts that document the performance for each investment for every five year period since 1983 and “blue chip” wines and ...

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Overview

Financial professional Mahesh Kumar documents how investment in fine wines over the past 20 years equal or exceed the return from stocks and bonds in this book. Based on the Nobel Prize–winning portfolio theory of Harvey Markovitz, the author provides a mean-variance model with expected return, standard deviations (risk), and correlations between asset returns. It includes extensive data and charts that document the performance for each investment for every five year period since 1983 and “blue chip” wines and vintages are discussed as are strategies for reduction of risk by buying the right wines at the right time.

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Product Details

  • ISBN-13: 9781934259474
  • Publisher: Wine Appreciation Guild, Limited
  • Publication date: 12/1/2009
  • Pages: 179
  • Product dimensions: 7.00 (w) x 9.90 (h) x 0.60 (d)

Meet the Author

Mahesh Kumar, BA, ACMA, ATT, CMC, MBA, is a chartered accountant and a management consultant with more than a decade of experience with blue-chip firms in global financial management and consulting. He currently teaches finance and accounting at the Bissett School of Business at Mount Royal College in Calgary.

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