161: Investing in Fine Wine - Cult Wines CEO Tom Gearing

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 13 November 2020

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tom Gearing is CEO and co-founder of Cult Wines Ltd, the world’s leading fine wine investment company with assets under management of £130 million. Founded in 2007 and headquartered in London, the company has offices in Hong Kong, Shanghai, Singapore and New York (late 2020). Cult Wines provides physical fine wine portfolio management services to private individuals and clients of family offices, wealth managers and private banks globally. Tom has overseen the growth of the business receiving a number of awards including appearing on the Sunday Times Fast Track 100 in 2015 and 2017, as well as receiving a Queens Award for International Trade. Tom regularly features as a market commentator appearing on media outlets such as Bloomberg, CNBC Europe, CITYAM and more. Tom is a former runner-up on the BBC’s Apprentice in 2012.

Listen to ILAB 161 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Sri Lanka / IG @johnnyfdk
Sam Marks – North Carolina / IG @imsammarks
Derek Spartz - Los Angeles / IG @DerekRadio

Sponsor:

Masterworks
At signup, go to Masterworks.io, select Podcast and use code BOSS to skip the 70,000 person wait list.
Support Invest Like a Boss: Join our Patreon

Discussed:

Cult Wines Ltd

Like these investments? Try them with these special ILAB links:

ArtofFX – Start with just a $10,000 account (reduced from $25,000)
Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
Betterment – Get up to 1 year managed free
Wealthfront – Get your first $15,000 managed free
PeerStreet – Get a 1% yield bump on your first loan

*Johnny and Sam use all of the above services personally.

Time Stamps:

07:40 – How did you get started in Wines?
12:09 – What is a “fraud” wine?
15:44 – Is there a lot of money in owning and operating a vineyard?
19:28 – Which country sells the most wine by volume ?
22:00 – What is driving the price of wine?
25:56 – What happens when the bottle “goes bad”?
30:30 – Do wines differ with food pairing and ageing?
34:24 – How does Cult Wines Ltd engage with different investors?
42:16 – What are the range of portfolios with your investors?
44:04 – Are all your investors financial investors?
46:30 – Where do you have operational centers throughout the world?
47:27 – Are there any restrictions on who can invest?
48:15 – Could you see yourself doing anything different?
51:29 – Sam & Johnny Recap

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Transcript

Click on a timestamp to play from that location

0:00.0	Hey bosses, just wanted to quickly tell you about our sponsor, Masterworks.io.
0:04.3	Do you know that between the years 2000 and 2018, art has outperformed the S&P 500?
0:09.8	Masterworks.io makes trading art as easy as trading stocks.
0:13.9	We'll tell you more about them during the break.
0:16.8	Welcome to the Invest Like a Boss podcast.
0:19.0	I'm Sam Marks and I'm Johnny FD.
0:20.8	We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
0:25.3	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:35.9	Hey bosses, this is Johnny FD and welcome to episode 161 of the Invest Like a Boss podcast.
0:42.5	I'm out here in Sri Lanka in a house and Sam's also in a house.
0:47.8	His, he actually owns.
0:49.0	Welcome to the show.
0:49.9	Thanks, Johnny.
0:50.9	We're not moving around too much this year, but I think we're both a little bit more comfortable.
0:55.8	At least I am.
0:56.7	That's for damn sure.
0:58.2	Yeah, me as well.
0:59.2	I think this is the first time both of us have been in a proper house.
1:02.8	I'm in a proper like villa house with furniture and you finally moved into your place.
1:08.4	Yeah, I would say of the 161 episodes, what's the underover on us being in hotels or
1:13.7	short-term apartments for the majority of those recordings?
1:18.2	Probably 150 of those episodes were in some type of short-term accommodation, largely hotel rooms.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.