Thursday, January 22, 2009

Advice on wine and on the stock market

I asked advice of two very smart people recently. One is an expert on wine, the other a top financial analyst with a major bank. I wanted to know how best to take advantage of the current economic situation, i.e. to find good deals.

I asked the wine expert for his opinion as to my approach to buying investment wines now that the high-end wine market is slumping.

I asked the financial analyst for his recommendation on how I should approach the stock market or real estate.

They both said exactly the same thing:

Be patient, it'll get a little worse. Then it will be time to buy, because it will get better.

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