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

ISBN-10: 1891267841
ISBN-13: 9781891267840
Edition: 2005
List price: $45.00
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Book details

List price: $45.00
Copyright year: 2005
Publisher: Wine Appreciation Guild, Limited
Publication date: 10/1/2005
Binding: Hardcover
Pages: 179
Size: 7.00" wide x 10.00" long x 0.50" tall
Weight: 1.408
Language: English

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

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