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The art of investing in wine, for beginners – by Dini Rao

Posted on October 10, 2011 at 1:35 pm

How does a beginner learn about investing in wine?

Well, I went to the source (literally). Dini Rao is currently the VP of Products for exclusive wine site, Lot18 and former Christie’s wine specialist and Amazon’s senior wine buyer.

Dini takes us through the process that professionals go to invest in their choicest finds. From traveling to France to hiring a specialist to looking for value beyond the traditional geographies and labels, this episode was a quick overview of investing in wine.

Check below — we’ve got free invites for Tradestreaming readers.

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  • Replicating activist portfolios is tough

    Posted on October 25, 2011 at 11:53 am UTC

    Joe Light at the WSJ did a good job over the weekend analyzing portfolios of activist investors and whether they are good candidates for piggyback investing (ie, cloning, replication).

    The idea would be to invest in a portfolio of securities held by a particular activist investor by following their 13-F, 13-D public filings.

    I’m quoted in the article, as are the usual suspects on the subject (AlphaClone, Todd Sullivan).

    The article brings some interesting research to light:

    One 2008 study by Duke University professor Alon Brav and other researchers found that an investor who constructed an equally weighted portfolio that bought activist targets a month after the initial filing, and held it for three months afterward, beat the market by more than one percentage point a month, on average, after adjusting for risk and other factors. But Prof. Brav notes that the outperformance disappears if all of the conditions aren’t met.

    Research in 2007 by Harvard University professor Robin Greenwood and then-student Michael Schor found that companies that become the target of an activist are more than twice as likely to be acquired within a year than companies that aren’t targeted. The targets that were ultimately taken over had risk-adjusted returns 15% and 20% better than the overall market—but companies that missed the boat didn’t have any outperformance.

    In spite of the research, the article concludes that replicating the portfolios of activist investors can pay off but it’s hard citing the volatility around changes in positions and the holding period.

    Other hedge fund strategies (like most popular positions among multiple hedgies, best ideas, newest holdings) replicate much better.

    Read the article

    Investing with Carl Icahn (WSJ)
    October 22, 2011

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  • Your brain on stocks: a neuroeconomic view

    Posted on October 21, 2011 at 2:20 pm UTC

    From Barry Ritholtz’s recent conference (The Big Picture Conference), this deck came from Barry’s own presentation entitled “Behavioral Finance, Neuroeconomics and Cognitive Psychology, and Investor’s Decision-Making Process” (whew, LOOONG title.)

    I wasn’t there — anyone attend?  How was it?  Let me know in the comments.

    Ritholtz

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  • How to break into the hedge fund industry with an internship

    Posted on October 17, 2011 at 12:45 pm UTC

    It’s not easy to break into the hedge fund industry.

    As today’s guest on Tradestreaming Radio (enrolled in a joint JD/MBA program at Harvard) can attest, even great credentials aren’t enough to land you your first job.

    I will respect our guest’s request for anonymity (he’s still got to fight for a job when he graduates). But this show is jam-packed as he shares

    • what works (and doesn’t) to land a hedge fund internship
    • how you can land a buy-side job without experience on Wall Street
    • how you can standout from other applicants
    • how hard work can help you penetrate the old-boys network
    • how to make sure research gives you an unfair advantage

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  • Tradestreaming users like new format of my newsletter (do you?)

    Posted on October 16, 2011 at 2:34 pm UTC

    If you haven’t noticed recent changes (or are not yet subscribed) to my weekly newsletter (Sundays), it appears that some recent tweaks to the format are being well received by the rest of us.

    The point of my weekly email is to help you quickly get a feel for all the cutting edge news and analysis impacting today’s serious investor.

    I’ve begun adding more links/news and categories including:

    • investment products
    • social media, technology and investing
    • investment strategies and research
    • the financial advisory business
    • investor behavior

    You can see an example here and subscribe here.

    By the way, I didn’t just randomly pick the new categories above — I’ve spent a lot of time thinking about how investors learn to become better and how this information breaks down into categorization.

    The changes have resulted in a slightly higher open rate (how many people are opening my weekly message) and and almost double the numbers of clicks on links. I take that as a good thing.

     

    Are you reading my weekly Tradestreaming newsletter? What do you think — do you like the changes?

    What would you like to see more of from me?  Let me know in the comments below.

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  • Tradestreaming Cascade: The News You Need To Know (Week Of October 8, 2011)

    Posted on October 11, 2011 at 2:40 pm UTC

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    Every week, I send out an email (free) to my subscribers summarizing the must-see events of the past week. It’s everything about the intersection of technology, social media and investing.

    Sign up in the sidebar, at the end of this post, or by going here.

    You’ll get your 1st issue on Sunday.:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

    Investment Products

    Evaluating Vanguard’s new LifeStrategy Funds (Oblivious Investor)
    Posted October 5, 2011

    Taking a slightly different tack with their pre-packaged retirement funds, Mike Piper seems to like the lower pricing and inclusion of international in the index firm’s fixed allocation funds.

    Social Media, Technology and Investing

    How to aggregate news like a pro (SmartBlog on Media)
    Posted September 30, 2011

    I wish I were Matt Drudge.  But I’m not.  This article provides concrete advice for those publisher looking to provide value by aggregating content — something Tradestreaming friend Meb Faber requested in his call for curated research offerings.

    The Power of Facebook and the Launch of Personal Capital (AdvisorGo)
    Posted Oct 5, 2011

    Weekly AdvisorGo podcast (I’m a co-host) looks into how Facebook changes affect advisors using Facebook and the recent launch of a startup with big plans for online delivery of financial services.

    Continue Reading »

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About Tradestreaming

Tradestreaming is a community of investors learning directly from experts. I’m Zack Miller, investor, entrepreneur, and founder of Tradestreaming.com and I literally wrote the book on how to invest in the age of Facebook and Twitter. Tradestreaming is the resource I’ve created to help me become a better investor.  I believe it will help you … Continue Reading