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Commentary | 1 Wine Dude

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Everything That I Know About Investing (I Learned From Wine)

Vinted on September 23, 2014 binned in commentary, wine appreciation

[ Warning: This post has very little to do about wine. But, it might just help to make you a millionaire. Your mileage may vary. ]

Back in March, when I let the cat out of the bag on my personal financial situation, I got a lot of interesting reactions. Most of them were of the attah-boy! variety, but since that time there’s been no shortage of questions coming to me in private about it.

Most of those are some variation on the theme: “how the f*ck did you do that?!??”

I am here today to tell you everything that I know about investing. Interestingly, I learned the most important aspects of it from tasting wine, though I am not trying to fool anyone that one will lead to the other in any meaningful way.

The bottom line is that after spending some countless hours delving deep into the pits of wine and tasting knowledge, I emerged in nearly the same place where I began, which is to approach the topic humbly, simply, and with a plan that lets me tune out the “noise” of scores or similar attempts at taste-making / gate-keeping that purport to tell me what is “right” or “wrong” to drink. When it comes to personal satisfaction, 90% of what we see in terms of wine coverage is more or less “wine porn.”

And after spending the last two years delving deep into the pots of investing and finance knowledge, I’ve come to the conclusion that successful investing requires almost exactly the same approach: ignore the porn.

Ah, simplicity, thy name is investing!

Here’s the skinny on how (in my somewhat learned opinion) 90% of those reading this can find success and wealth through investing…

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Wine’s Next Big Thing Is…

Vinted on September 16, 2014 binned in commentary

It seems that every quarter we get predictions about the next big thing in the U.S. wine market. Like most predictions, these are almost always wrong and therefore actually have, at best, neutral value for the wine biz (it could be argued that since they’re almost always incorrect, they have negative value if decisions are made based on them; but since they also have some positive entertainment value, let’s call it a draw).

“Next Big Thing” wine predictions are also almost always predicated on two principles: 1) the idea that the wine buying public is scared of wine, and therefore needs some sort of guidance on what to purchase, and 2) these recommendations must come in the form of grape varieties.

Both are probably wrong, or at least are bad for the wine biz, as I will explain in a moment, and that means that the NBT predictions are missing what’s really going to be the Next Big Thing in wine (okay, so I am making a prediction here… but at least it’s not based on those principles above, okay?!?)…

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Why Pennsylvania Liquor Control Is Doomed

Vinted on September 2, 2014 binned in commentary, PLCB

It has occurred to me recently that Pennsylvania’s monopoly control of the purchase, distribution, and sale of alcohol in the state is doomed.

I cannot tell you exactly when it will fall, or exactly how it will fall, but I think I can safely tell you that fall it will, and that we can safely speculate as to why it is doomed.

This occurred to me when I was being interviewed by Tricia L. Nadolny, the Philadelphia Inquirer Staff Writer who covers Chester County (before you poo-poo that beat, you need to understand that Chester County is one of the nation’s more affluent, has nationally ranked public school systems, and is often cited in top twenty lists of best counties to live in the U.S.). Nadolny was interested in my thoughts about the fate of Malvern lawyer Arthur Goldman’s wine collection, which was seized when he was convicted in a sting operation of selling wines (that you can’t get in PA) to friends, pretty much at cost. Intrepid wine blogger and wine PR guy Tom Wark is also quoted in the article, accurately assessing PA as the single worst state in the U.S. to live for wine lovers.

Here’s the thing: the PLCB and PA’s liquor control are ultimately doomed because enough information on alternatives now flows freely and quickly enough that any PA resident with half a brain and an Internet connection can grasp that the PLCB’s monopoly constitutes a form of repression on free commerce for people who are budding wine enthusiasts.

The logic behind that is simple, and, I think, bolstered by the Inquirer article itself, and, just as importantly, the hundred-plus comments that followed it

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The Wine Blogging Community Is A Joke, Part Two

Vinted on August 28, 2014 binned in commentary

Back at the beginning of August, we generated a bit of controversy here (imagine that!) with my rant commentary on wine blogging, titled The Wine Blogging Community Is A Joke (But It Doesn’t Have To Be That Way). C’mon, with a nice, restrained title like that, who would’ve anticipated controversy?…

Much commenting, sharing, linking, and discussion then ensued.

I received an email from a friend of mine who is a journalist (we’ll call her “Elle Bee” for now, as she prefers to remain anonymous), spurred on by that comment storm discussion. In it, she reminded me of something very important that is at the heart of the wine blogging community’s sense of… well… community, and that didn’t really get addressed in detail in my original post or the comments that followed.

The important thing of which her email reminded me is that, individually, as wine bloggers, we have to represent. Like it or not, every one of us is, to the traditional journalist world, and to wine consumers at large who are not creating content about wine themselves, a representative of the entire wine blogging cadre. In other words, you (yes, you) for all intents and purposes are wine blogging.

Don’t like it? Tough noogies. That’s the stage at which wine blogging finds itself. If you want something more for your wine blog, or from wine logging in general, and if you take the wine blogging community seriously and want to see it increase its reach and influence, then please carefully read Elle Bee’s commentary below.

What follows is well-written, cogently-stated “part duex” to the wine blogging community discussion, and is another wake up call to those of us who want to see that community succeed and take things to the next level…

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