We Study Billionaires - The Investor’s Podcast Network

TIP403: Wine Investing Gets Better With Age w/ Anthony Zhang

Dec 10, 2021

In this conversation, Anthony Zhang, CEO and founder of VinoVest, shares his entrepreneurial journey and insights from mentors like Peter Thiel and Mark Cuban. He discusses the unique qualities that make fine wine a valuable asset and why investors should consider adding it to their portfolios. Listeners learn about the wine auction landscape, investment strategies, and the innovative technology behind VinoVest. Anthony also offers tips on impressing your date at the wine shop, making this episode educational and fun for wine enthusiasts!

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ANECDOTE

Thiel Fellowship

Anthony Zhang received the Thiel Fellowship, a grant from Peter Thiel for young entrepreneurs.
This allowed him to drop out of college and pursue his food delivery app, Envoy Now.

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ANECDOTE

Envoy Now

Envoy Now, Zhang's college-focused food delivery app, targeted smaller markets underserved by larger companies.
It leveraged student labor and community dynamics, ultimately selling to Joyrun (now owned by Walmart).

insights

INSIGHT

Know Your VC

Know Your VC, inspired by the Harvey Weinstein scandal, aimed to bring transparency to venture capital.
The platform allowed founders and VCs to rate each other, promoting accountability.

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From College Dreams to Business Success

01:30 • 14min

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The Journey into Wine Investment

15:28 • 9min

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Navigating the Wine Auction Landscape

24:18 • 8min

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Simplifying Wine Investment: The VinoVest Approach

32:24 • 2min

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Investing in Wine: Opportunities and Insights

34:28 • 4min

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Liquid Assets: Investing in Wine Markets

38:31 • 4min

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Navigating Wine Investment and Personal Resilience

42:32 • 18min

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The billionaire's vinegar

Benjamin Wallace

The Billionaire's Vinegar tells the story of a 1787 Château Lafite Bordeaux, supposedly owned by Thomas Jefferson, which sold for $156,000 at auction. The book unravels the mystery behind the bottle's provenance, involving a cast of intriguing characters and exploring the world of high-stakes wine collecting. It delves into the history of wine, Jefferson's wine adventures, and the elaborate schemes that might have led to one of the most significant cons in history.

The 15 Commitments of Conscious Leadership

A New Paradigm for Sustainable Success

Diana Chapman

Kaley Warner Klemp

Jim Dethmer

This book distinguishes between unconscious and conscious leadership, offering a roadmap to help leaders transition from fear-based to trust-based leadership. The 15 commitments outlined in the book aim to enhance self-awareness, accountability, and collaborative relationships. By practicing these commitments, leaders can achieve more energy, clarity, focus, and healthier relationships, both personally and within their teams. The commitments include ending blame and criticism, speaking candidly, finding unique genius, and creating win-for-all solutions, among others. The authors provide practical exercises and resources to help leaders implement these commitments effectively.

IN THIS EPISODE, YOU’LL LEARN:

17:45 - Learnings from Peter Thiel and Mark Cuban
19:28 - Why you should consider wine in your portfolio
22:50 - The basics of wine itself and what separates a “fine wine” from all the rest
27:22 - The biggest risks to the wine industry
38:58 - How to build a portfolio of wine, or simply invest in a wine index
56:26 - How to impress your significant other next time you’re at dinner or the wine shop
and more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Vinovest's website.
Anthony Zhang's Twitter.
The Billionaires Vinegar's book.
15 commitments in Conscious Leadership's book.
Sourgrapes' movie.
Trey Lockerbie's Twitter.
Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs.

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