There's little academic writing published in the way of wine's investment potential, and what there is has whipped up a frenzy of mixed messages. In Wine Investment for Portfolio Diversification: How Collecting Fine Wines Can Yield Greater Returns Than Stocks and Bonds, Professor of Finance Mahesh Kumar uses modern portfolio theory and his special insight to create a Fine Wine 50 index that fills the gap in the financial literature by showing empirically that fine wine is a rock-solid diversification tool that has higher expected returns related to its over all contribution to risk than do stocks and bonds. The only book of its kind, this analysis offers a real opportunity to learn about blue chip wines and portfolio diversification. Not only is it essential reading for all players in the investment world, it's also a must have for every seller, collector and enthusiast. Based on robust financial analysis this book demonstrates the attractiveness and synergy of holding fine wine in a diversified portfolio of traditional financial assets. Whether you see wine as simply fermented grape juice, or divine ambrosia, putting this book to work in your portfolio will have you seeing dollar signs. Book jacket.