Saturday, December 23, 2006

Liquid Assets

And no, I'm not going to post that little song about the world being awash in liquidity because I know you've already heard it...

Reuters reports investing in wine is all the rage at the moment, mostly in Bordeaux and not just in the futures; cellars are filling up case by case at every hedgie home in Greenwich and surrounding neighborhoods.

As it says in the article, it's like art but in order to enjoy it, you have to destroy it. Maybe it's not a bad idea to invest in something for which demand will stay roughly stable but supply will necessarily dwindle.

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