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| Notations | |
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| Foreword | |
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| Author's Preface | |
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| Publisher's Preface | |
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| Acknowledgements | |
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| Introduction to Fine Wine Investment | |
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| Fine Wine Investment | |
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| A Brief History of the Bordeaux Wine Market | |
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| Marketing and Distribution in the Bordeaux Wine Market | |
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| Fine Wine Investment Today | |
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| The Primary Market: En Primeur | |
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| The Secondary Market: Auctions and Alternatives | |
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| Trading Strategies: Blue Chip Fine Wine versus Blue Chip Stocks | |
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| Critical Analysis of the Performance of Fine Wine | |
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| The Alternative Investments Market | |
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| The Relationship between Price and Quality | |
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| The Case Against Alternative Investments | |
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| The Case Supporting Alternative Investments | |
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| The Performance and Investment Potential of Fine Wine | |
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| The Effect on the Rate of Return of Incidental Costs and Benefits | |
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| Review of Portfolio Theory and Diversification | |
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| Critical Review of Modern Portfolio Theory | |
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| Critical Review of Portfolio Diversification | |
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| Critical Review of Literature on Portfolio Diversification | |
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| Critical Review of Optimal Asset Weights and the CAPM | |
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| Methodology and Data Analysis | |
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| Introduction to the Data | |
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| Calculating the Returns on Alternative Investments | |
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| Compilation of the Fine Wine 50 Index | |
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| Optimal Portfolio and Asset Allocation Methodology | |
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| Critical Evaluation and Interpretation of Results | |
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| Expected Return, Standard Deviation and Compound Growth Results | |
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| Correlation Coefficient Results | |
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| Optimal Risk-Return Efficient Portfolio Results | |
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| Sharpe Ratio Results | |
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| Beta Value and Capital Asset Pricing Model Results | |
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| Underlying Logic to Portfolio Diversification | |
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| Risk Assessment of Fine Wine Investment | |
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| "Return Is Only Half the Equation" and RiskGrades | |
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| Calculating RiskGrades | |
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| RiskGrades & Application to Fine Wine Investment | |
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| Risks Associated with Fine Wine Investment | |
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| Conclusion, Recommendation, Further Issues | |
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| Characteristics of a Good Investment Portfolio | |
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| Additional Alternative Investment Issues | |
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| Appendixes | |
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| Price Variation of the 1982 First Growths Since Release | |
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| Compilation of the Fine Wine 50 Index | |
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| Expected Return Results for UK Data | |
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| Standard Deviation Results for UK Data | |
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| Compound Growth Rate Results for UK Data | |
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| Correlation Coefficient Results for UK Data | |
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| Optimal Risk-Return Efficient Portfolio Results for UK Data | |
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| LIBOR versus Optimal Portfolio Results for UK Data | |
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| Maximum-Return Portfolio Results for UK Data | |
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| Minimum-Risk Portfolio Results for UK Data | |
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| Optimal Risk-Return Efficient Portfolio Results for UK Data | |
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| Maximum-Return Portfolio Results for UK Data | |
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| Minimum-Risk Portfolio Results for UK Data | |
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| Sharpe Ratio Results for UK Data | |
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| Beta Results for UK Data | |
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| CAPM Results for UK Data | |
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| CAPM Analysis for UK Data | |
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| Expected Return Results for UK and US Data | |
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| Standard Deviation Results for UK and US Data | |
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| Compound Growth Rate Results for UK and US Data | |
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| Correlation Coefficient Results for UK and US Data | |
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| Optimal Risk-Return Efficient Portfolio Results for UK and US Data | |
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| Risk-Free Investment versus Optimal Portfolio Results for UK and US Data | |
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| Maximum-Return Portfolio Results for UK and US Data | |
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| Minimum-Risk Portfolio Results for UK and US Data | |
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| Sharpe Ratio Results for UK and US Data | |
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| Beta Results for UK and US Data | |
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| CAPM Results for UK and US Data | |
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| CAPM Analysis for UK and US Data | |
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| RiskGradeTM Results (I) for UK and US Data | |
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| RiskGradeTM Results (II) for UK and US Data | |
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| RiskGradeTM Results (III) for UK and US Data | |
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| References | |
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| Books | |
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| Academic Papers | |
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| Non-Academic Articles | |
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| Bibliography | |
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| Books | |
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| Academic Papers | |
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| Non-Academic Articles | |
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| Internet Sites | |
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| Resources For Fine Wine Investors | |
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| Index | |