Wine Investment for Portfolio Diversification
Wine Investment for Portfolio Diversification is based on the Nobel Prize-winning portfolio theory of Harvey Markovitz, wherein author Mahesh Kumar demonstrated the effectiveness and collaboration of holding fine wine in a diversified portfolio of traditional assets. The author weighs the existing academic arguments for and against alternative investments, the source materials that appear in financial circles, and the media regarding wine’s investment potential. Kumar also critically analyzes the total alternative investment market, and the relationships between AI's price and quality. Wine Investment for Portfolio Diversification also provides a mean-variance model with expected return, standard deviation, and correlations between asset returns.
"Kumar’s study is the most comprehensive research available worldwide...the definitive guide to investment in fine wine."
— George Clowes, Fine Wine Management Ltd.
"A must for any serious wine collector, whether it be the wine trade-person, Wall Street investor or avid consumer."
— Robin Kelly OConnor, President, Society of Wine Educators
"Wine. Wise investment, or bold speculation? No need to rely on luck. This structural analysis is of considerable help."
— Michael Broadbent, Master of Wine