"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. ... This analysis offers a real opportunity to learn about blue chip wines and portfolio diversification."--Jacket.

Mahesh Kumar, BA (Hons), ACMA, ATT, CMC, MBA a London based, chartered accountant and financial professional develops the "Fine Wine Index" and documents how investment in fine wines over the past 20 years equal 'or exceed' the return from stocks and bonds. 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. Since portfolios including Fine Wines have higher Sharpe ratios than stocks and bonds only, they have a higher expected return per unit of risk. It includes extensive data and charts that document the performance for each investment for every 5 year period since 1983. The 'blue chip' wines and vintages are discussed and strategies for reduction of risk by buying the right wines at the right time are recommended. Illustrated

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.

Liquid assets don't refer to actual fluids, but with wine, a rare bottle can be as sound an investment as a piece of art, as well as rewarding-and delicious. Broker and expert Alex Andrawes grew up with a passion for wine. From his home, where pairing wine with a meal was a ritual, to his early entrepreneurial ventures, which led him into brokerage and trading, the history and culture of wine has always captivated him. In Investing In Fine Wine, Andrawes guides readers through the viticultural world, Illuminating strategies in buying, selling, collecting, and storing exceptional bottles, and recounting fascinating experiences in the business, the traditions of winemaking, marketplace scams to avoid, and the truth behind scored magazine reviews. Whether you're a wine lover, a businessperson, or just craving a tantalizing read, Investing in Fine Wine is a captivating, thought-provoking book guaranteed to educate and please up until the last drop. Cheers!

The book proposes an overview of the research conducted to date in the field of wine economics. All of these contributions have in common the use of econometric techniques and mathematical formalization to describe the new challenges of this economic sector.

You have great investment ideas. If you turn them into highly profitable portfolios, this book is for you. Advanced Portfolio Management: A Quant’s Guide for Fundamental Investors is for fundamental equity analysts and portfolio managers, present, and future. Whatever stage you are at in your career, you have valuable investment ideas but always need knowledge to turn them into money. This book will introduce you to a framework for portfolio construction and risk management that is grounded in sound theory and tested by successful fundamental portfolio managers. The emphasis is on theory relevant to fundamental portfolio managers that works in practice, enabling you to convert ideas into a strategy portfolio that is both profitable and resilient. Intuition always comes first, and this book helps to lay out simple but effective "rules of thumb" that require little effort to implement and understand. At the same time, the book shows how to implement sophisticated techniques in order to meet the challenges a successful investor faces as his or her strategy grows in size and complexity. Advanced Portfolio Management also contains more advanced material and a quantitative appendix, which benefit quantitative researchers who are members of fundamental teams. You will learn how to: Separate stock-specific return drivers from the investment environment’s return drivers Understand current investment themes Size your cash positions based on Your investment ideas Understand your performance Measure and decompose risk Hedge the risk you don’t want Use diversification to your advantage Manage losses and control tail risk Set your leverage Author Giuseppe A. Paleologo has consulted, collaborated, taught, and drank strong wine with some of the best stock-pickers in the world; he has traded tens of billions of dollars hedging and optimizing their books and has helped them navigate through big drawdowns and even bigger recoveries. Whether or not you have access to risk models or advanced mathematical background, you will benefit from the techniques and the insights contained in the book—and won't find them covered anywhere else.

This book is a practical and concise guide to major asset classes, investment strategies, and foreign markets. For investors familiar with one “box” of investments, this book serves as a non-technical introduction to other “boxes” worth diversifying into, such as bonds, real estate, private equity, cryptocurrencies, and Chinese A-shares. Readers with no prior finance background will find this book an accessible entry point to investing. Written by a practitioner, this volume can serve as course material for introductory investing classes or as an on-the-job guidebook for professionals and practicing investors.