Red wine investments
Print Edition
FORGET government bonds, fine art and even stamps: Red wine outperformed them all over the 20th century.
At least that is what research by a team of academics from the University of Cambridge, HEC Paris and Vanderbilt University, Nashville, Tennessee, shows.
Investors could have earned annualized real returns of 4.1 percent from 1900 to 2012, beating government bonds and stamps, though British equities would have given annualized returns of 5.2 percent.
“You would have done nowhere like as well as equities but the returns are surprisingly high compared to the returns on cash or bonds,” said Elroy Dimson, visiting professor at the Cambridge Judge Business School.
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