Recently, the Drinks Business reported that, according to Vin-X’s head of procurement Martin Pruszynski, “fine wine investment has been the best overall performer when total growth across major asset classes since 1988.” No no no no no no NO. Not again. It seems that almost every year I write this retort. My view on this…
Tag: fine wine investing
Investing In Fine Wine Is For Fools
“Investing” in fine wine is a fool’s errand. As in, “greater fools” – for it is certainly a fool who hopes to sell his/her speculation to greater fools for a profit. The term greater fool is actually a pseudo-technical financial one, probably best explained in William J. Bernstein’s amazing book The Four Pillars of Investing…