No wine before its dime
Reuters has a story today about two wine investment funds. The Noble Crus Fund returned more than 20% to investors last year, but the Vintage Wine Fund lost 33%. The difference? Noble Cru invests mainly in older French wines from the Burgandy region. Vintage invests primarily in younger wines from Bordeaux. Younger wines swing in price a lot more, and Vintage says it’s also getting whacked by currency fluctuations. I’ll dispense with the obvious analogies to wine and age and instead offer this old quote: “I like best the wine drunk at the cost of others.”
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.