Episode #349: Anthony Zhang, Vinovest, “You Should Separate Your Drinking Preferences From Your Investment Preferences”

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Episode #349: Anthony Zhang, Vinovest, “You Should Separate Your Drinking Preferences From Your Investment Preferences”

Guest: Anthony Zhang is the co-founder and CEO of Vinovest, the world’s first platform for investing in fine wine. Anthony is a repeat entrepreneur who has previously founded and sold two companies, EnvoyNow and KnowYourVC. He has also held leadership positions at Blockfolio and is a board member at RateMyInvestor.

Date Recorded: 8/24/2021 | Run-Time: 1:03:00

Summary: In today’s episode, we’re talking about wine as an asset class. We start with Anthony’s background, which includes a Thiel fellowship. Then we dive into the ins and outs of investing in wine. Anthony walks us through wine’s investment case and how it compares to traditional stocks and bonds. Then we walk through the process of investing in wine through Vinovest, which does the analysis, bidding, inspection, and storage on your behalf. We touch on the different offerings, taxes, fees, risks, and trends affecting the industry today.

Sponsor: Masterworks is the first platform for buying and selling shares representing an investment in iconic artworks. Build a diversified portfolio of iconic works of art curated by our industry-leading research team. Use Promo Code “MEB” to skip their wait list.

Comments or suggestions? Email us Feedback@TheMebFaberShow.com or call us to leave a voicemail at 323 834 9159

Interested in sponsoring an episode? Email Justin at jb@cambriainvestments.com

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Links from the Episode:

0:40 – Sponsor: Masterworks – Use code “MEB” to skip their waitlist today
1:39 – Intro
2:29 – Welcome to our guest, Anthony Zhang
3:54 – Starting his first company and dropping out of college with the Thiel Fellowship
5:54 – The original idea that lead Anthony to investing in the wine industry
8:25 – Making a case for investing in wine
11:05 – Triumph of the Optimist; Episode #100: Elory Dimson, London Business School
11:51 – Parallels between the wine market and the stock market
15:10 – How Anthony approached starting Vinovest
17:33 – The customer onboarding experience
24:56 – Diversifying the bottles you’ll hold in your portfolio and the range of bottle prices
27:20 – The typical Vinovest investor
30:05 – The impact of climate change on the wine market
31:28 – Capital gains and cashing out of your position
33:27 – The user experience of both the automated side and custom side
34:09 – Overview of Vinovests fee structure and warehouse storage
36:23 – Can you choose to drink from your portfolio?
38:29 – Sour Grapes and Somme documentaries
40:54 – Risks to consider when investing in wine
42:15 – Anthony’s biggest surprise after building Vinovest
46:02 – Anthony’s favorite wines you can buy for less than $100; Favia and Domaine Arlaud
48:37 – Client acquisition and educating wine enthusiasts
49:49 – Wines he feels could be interesting investment opportunities
50:37 – Outstanding in the field dinners
51:25 – Potentially stepping into the whiskey side of the alcohol world
53:02 – How the pandemic has affected Vinovest
54:56 – Top 10 Alcohol Stocks to Invest in 2021
56:34 – Their funding rounds and who has invested so far
57:52 – Episode #287: Jonathan Hsu, Tribe Capital
58:16 – His most memorable wine and his most investment
59:46 – Learn more about Anthony; vinovest.co; anthony@vinovest.co