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Read
the Book
The Thing to Do
There are more wine collectors now than ever before. Part
of that is the increase in The
Multi-Millionaires Next Door
in this country and around the world. Big new money is not
an uncommon thing. There are
a lot of guys who hit it out
of the park with dot-coms, investment banking, syndication
deals
or inheritances who bought a
house or two, a couple more cars
than are strictly necessary, and got into wine because they
needed something to do. This
collector is keeping up with
the other Joneses in a very elite
club. It’s the Thing To
Do. This is especially true of
the ’tweeners, the guys
who are impossibly wealthy compared
to the garden variety rich guy,
but can’t afford a plane
of their own yet (and pretend
they don’t want one despite
their NetJet share).
The Thing
To Do may have been into wine
before the money came, or he may have gotten into
wine because it was the next
logical place to burn through
a million bucks. He doesn’t
make mistakes. He started collecting
after the IPO money, so he has no reason to make
mistakes.
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