Wine Investment for Portfolio Diversification

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.