Millennial Investing - The Investor’s Podcast Network

MI309: Liquid Assets: Investing in Fine Wine w/ Nick King

Dec 4, 2023

55:21

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Nick King, CEO of Vint, talks about investing in fine wine. They discuss finding mispriced wine assets, wine as an arbitrage opportunity, and entrepreneurial success. They also cover Nick's background in value-based stock funds and how it influenced Vint's creation.

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Quick takeaways

Vint curates investment products in the wine and spirits market, focusing on fundamental and quantitative analysis to identify mispriced assets and provide exposure to a historically strong performing asset class.

The founders of Vint embarked on a process of sourcing assets and curating investment products, taking a data-driven approach to identify quality assets that are mispriced to their intrinsic value.

Vint offers a unique opportunity for individuals to invest in the wine and spirits market, providing exposure to a historically strong performing asset class through carefully selected assets that are fundamentally sound and mispriced relative to their intrinsic value.

Deep dives

Vint: Making Investing in Fine Wines and Spirits Simple and Profitable

Vint is an asset management company that curates investment products in the wine and spirits market, providing exposure to an asset class with a historical track record of strong returns. They offer collections of wines and spirits as investment opportunities, focusing on fundamental and quantitative analysis to identify mispriced assets. Vint's platform allows investors to purchase shares in these offerings, with a target of beating historic market returns. They also provide options for reinvesting capital and offer a marketplace to facilitate the buying and selling of assets. Vint aims to educate financial advisors and expand their distribution to reach a wider audience, positioning wine as a viable component of a diversified portfolio. Their long-term vision is to establish wine as a recognized financial asset class and continue delivering returns to their investors.

Introduction

2min

From Childhood to Entrepreneurship

11min

Investing in Fine Wine: The Advantages of Fresh Perspective

4min

Advertisement for NetSuite and Masterclass with Whitney Wolfe Herd

2min

Investing in Fine Wine as an Asset Class

15min

Fundraising Process and Challenges

7min

Embracing Uncertainty and Controlling Your Future

19min

Patrick Donley (@JPatrickDonley) sits down with Nick King to talk about how his company, Vint, has made investing in fine wine and spirits a simple and profitable experience for both retail and accredited investors. They also touch on how Nick’s work at a value-based stock fund influenced the creation of Vint in attempting to find mispriced wine assets with a margin of safety, why wine provides for great arbitrage opportunities, and Nick’s thoughts on how to best succeed at the entrepreneurial game.

Nick King is the co-founder & CEO of Vint, the first SEC-qualified platform that is securitizing the wine and spirits industry. Nick leads fundraising efforts, sets Vint’s strategic vision, recruits talent, and manages day to day operations.

Prior to Vint, Nick was on the domestic equities team at a $20bn value investment fund, where he learned to think, invest, and build a business. Nick is a graduate of the University of Virginia, with a degree in financial economics.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:13 - How he learned about inefficient markets as a kid.

07:17 - What he learned working at a value fund and how he applies it to Vint.

09:05 - Why he maximized for learning early in his career.

10:00 - How the concept of margin of safety became important.

10:51 - What the genesis of Vint was.

11:59 - Why he thinks traditional education on the steps to start a business are misguided.

13:16 - How he explains what Vint does to people.

23:02 - What it was like working with the SEC to get approval for Vint.

26:21 - Why it is important to burn the boats in any entrepreneurial venture.

34:34 - How the process of reaching out to VCs went.

42:31 - How capital is returned to investors.

53:18 - Why Nick loves the volatility of the wine market.

& much 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 Kyle and the other community members.
Margin of Safety by Seth Klarman.
REI160: The Fundrise Approach w/ Ben Miller or watch the video here.

NEW TO THE SHOW?

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