and what it means to you
It is a truth universally acknowledged that a young man in possession of a good fortune must not panic when the do-dah hits the fan. Captain Mainwaring please note. No decent investment decisions are taken when judgement is clouded by emotion, but it is precisely when things go pear-shaped that extreme value can appear. Concepts […]
It was a very interesting time for Amphora to conduct a whistle-stop tour of the Far East. As we have observed before, domestic investment opportunities differ dramatically across the Asian region, as do attitudes to physical assets. In India, for example, the “store of wealth” and “collectable” nature of buying fine wines is much more […]
There are certain precepts that hold good in most market places, and the law of supply and demand and its impact on prices has stood the test of time and logic. Diminishing supply and increasing demand = rising prices over time. At Amphora we spend a lot of time wondering about the drivers of demand, […]
I think it’s fair to say that the fine wine investment market is taking a while to get to grips with Vega Sicilia Unico. This estate from the Ribera del Duero in northern Spain has been producing wines since the 1860s, and most will agree that they are standing the test of time. Of the […]
The recent inflow of funds into the gold market has attracted a lot of commentary, and not without reason. Last Monday the largest gold backed ETF saw a surge of daily activity greater than any since 2011. Holdings in SPDR Gold are the highest since 2013. This is all driven by concerns about global economic […]
It’s that time of year again when the trade waits with baited breath for the en primeur 2015 release prices, and investors ruminate over the potential extravagant returns up for grabs (for those of you have never heard of, let alone invested in, en primeur, there is a handy quick guide below). Here at Amphora, […]
Imagine for a moment that when you left school or university your name and credentials were thrown into the employment ring rather in the manner of the US draft system. If you are an accomplished sportsman about to embark on a professional career in any of the big four US team sports, the better player […]
There has been a fair bit of coverage on the impact of Robert Parker’s withdrawal from the day to day fray of Bordeaux tasting (and scoring), with most people doffing their hat in deference to the impact he has had over the market place over the last 35 years. Time, of course, waits for no […]
It is very interesting to see from the performance figures over the last three months that Angélus across a variety of vintages occupied fully seven out of the top 30 slots. That is a very high figure for a single producer. In fact, if you look at the chart below, you can see that it […]
Well, thank goodness for that. We have at last entered a new tax year, and so until around next January your inbox will be mercifully free of inducements from the likes of Hargreaves Lansdown to take advantage of your ISA allowances. The financial pages will have to find something else to fill their column inches. […]
In any market place there are two key points of change to keep alert to: secular change, and cyclical change. In a nutshell, secular change involves anything which can be bracketed as long term evolutionary change. The arrival of the internet and IT revolution, for example, or the emergence of China into the global economy. […]
It’s with some reluctance that we turn our attention this week to Brexit deliberations, not because they are unimportant, but because they have already generated their fair share of hot air. Like everyone else, we at Amphora Portfolio Management will be hard pressed to separate fact from fiction in respect of what we are informed […]