Posts Filed Under commentary
Because… well… THIS:
Wine geeks and wine pros are taking it on the chin right now (for a hilarious and totally NSFW example, have a listen to this podcast by Internet comedy icon Maddox). We are accused of just about everything uncool, from being fond of snobbery to displaying nepotism to having bullsh*t jobs to engaging in major douchebaggery.
The image problem, though, is understandable, particularly when we have things like the Lalique “100 Points” leather briefcase by James Suckling and Salvatore Ferragamo, available for $8500 USD. At least you get a couple of bottles of wine with it. Go ahead, watch the video on James’s website. And if you order one, do me a favor and unsubscribe from my blog, okay?
James, why are you doing this to us, bro???
Fellow geeks, please make a good name for yourselves and other wine nerds by not carrying personal stemware around unless there’s a life-changing wine drinking experience expected that evening.
Also, please, please, please don’t wear scarves inside the house!
[ 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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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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