The beginning of the end?
I make no claim of understanding the ins and outs of the institutional banking industry but there are a few things that pique my curiousity about it. Among them are the 'talking head' shows that proliferate cable television, generally on Saturday mornings. There is also one network here that dedicates all of its programming to business, money, the business of money, and the amount of money business makes. I find myself watching these shows and wonderng to myself, 'Why the hell are these people giving free advice on the next 'hot' stock? Of course, there's a saying about these kinds of things: 'Nothing's free but the air, and it's polluted'.
Couple with that my general view of complete jaded-ness and I start to think that the tip about ACME, INC. or whatever corporation was probably a really good idea about 2 weeks ago.
Wine tipped to mix with super
From what I've been able to gather, the Asutralian 'Superannuation Fund' seems to be more less our 'Mutual Fund'. And according to the article:
I'm sure the logic is that since Australia is 'cleaning up' in wine sales both here and the U.K. it is a no-brainer to start investing your retirement fund. I would be a little worried about all of that. First off, Australia has seen tremendous growth over the past 5-8 years, but there is a maximum to everything, isn't there. Second, the vast majority of this growth has been in the 'entry-level' price point for wine sales. Unless some serious changes are made, I foresee Australia becoming the benchmark for least-common denominator wines. And how many ways are there to skin that cat?
Couple with that my general view of complete jaded-ness and I start to think that the tip about ACME, INC. or whatever corporation was probably a really good idea about 2 weeks ago.
Wine tipped to mix with super
From what I've been able to gather, the Asutralian 'Superannuation Fund' seems to be more less our 'Mutual Fund'. And according to the article:
"We think there'll be a big move into institutional investment in big vineyards,"Could this be similar to what happened with Mondavi? I remember reading somewhere that Bob went on record saying more or less that 'going public' was one of the biggest mistakes that Mondavi Corp. made. Sure, it raised all sorts of money that may/may not have been available but it seems that once Wall Street gets involved, bad things are inevitable.
I'm sure the logic is that since Australia is 'cleaning up' in wine sales both here and the U.K. it is a no-brainer to start investing your retirement fund. I would be a little worried about all of that. First off, Australia has seen tremendous growth over the past 5-8 years, but there is a maximum to everything, isn't there. Second, the vast majority of this growth has been in the 'entry-level' price point for wine sales. Unless some serious changes are made, I foresee Australia becoming the benchmark for least-common denominator wines. And how many ways are there to skin that cat?
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