Investing In Wine With Jim Cramer Of Mad Money And Your Host Gary Vaynerchuk

Investing In Wine With Jim Cramer Of Mad Money And Your Host Gary Vaynerchuk – Episode #499

July 10, 2008

Gary Vaynerchuk sits down with the world Famous Jim Cramer and talks about investing in wine and how wine can be a great investment! These 2 high energy guys also have some fun!

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Comments on this episode(414) Leave a comment ›

“I have purchased many 2005 Bordeaux, from well known appellations. My …” by Toby Marcus
“I loved this show…. the wine was all way outside my price range but…” by nnothing
View all 414 ›

Wines tasted in this episode:

2005 Chateau Sansonnet.St Emilion
2004 Emilio Moro Malleolus De Sancho MartinRibera Del Duero
Chateau Latour 2004
1977 Dow’s PortVintage Port

Links mentioned in todays episode.

414 Responses

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November 4, 2009

Toby Marcus
I have purchased many 2005 Bordeaux, from well known appellations. My question in, as an investment where would one turn to sell them in 5, 10, 20 years? thanks.
October 19, 2009

nnothing
I loved this show…. the wine was all way outside my price range but an interesting show anyway… I’m not understanding all the negativity in the comments though. I have learned a lot about investing from Cramer and that has led me to have a few months of 40%+ profits and has allowed me to consistently beat the averages (dow, s&p) by 20%-25% annually. I also believe he’s a genuine person why else would he walk away from his hedge fund where he was making a fortune (and making rich people richer) to go into trying to teach normal people to make money on the market. All of his advise (just like Gary’s) is just a starting point. Things like taking price and emotions out of the buying decision. When Jim is wrong about individual stocks he’s frequently not wrong about the sector, and even when he is he’s usually right about many more things than he’s wrong about. Even he tells you to do your own research (taking anything he says as gospel without doing your own research is reckless and stupid just like trusting anyone on investment matters is). When I got to see Jim live in Iowa City he came across as very genuine and honest and very intelligent and his picture of the markets was very close to my own at that point even though my trading style was considerably different than the one he preached by then. Also in response to the comment that oil was back at $60 last novemeber… true, but it got to $140 before then after it was at $100 (so at $100 the trade wasn’t over, there was still 40% profit to be made at that point)
October 14, 2009

garybing
I bought a Rusden Shiraz 2000 for $60 in 2 years it doubled in value. I had a friend who wanted a good deal on port, I told him Vesuvio ‘95 for $50. On Bordeaux I bought 1970 Lafite for $13 at Trader Joe’s in the mid 70’s I passed on Petrus at the same price for the same vintage.( because I was and still will only do 1st growths, which that is not, I like Cheval Blanc, also not a 1st growth but I can drink that and/or make a sweet profit on that as well) The “70 Lafite was crap but I made money on it anyway. The ‘82 vintage of Mouton goes for two grand the ‘81 Petrus I can get for $600.I have made money on Bordeaux consistently but the pricing as of late has got me riled, I like the 2001 vintage over the 2000, the 2002 is crap.I like the 2006 vintage over the 2005, but hating the price. I agree forget 2007. People have indeed lost on the futures gave buying too high, too early. But those are generally people who haven’t even sampled the wine they bought or are going to buy. Those people I can’t feel sorry for. I only buy what I will drink. So I bought a D”Oliveiras Resera Terrrantez 1977 Madeira for just south of $100. If it goes up fine, but I like that better than vintage port. I like tawny port better than vintage but don’t expect to make any money at it. I passed on Screaming Eagle at $300 a bottle, even though it sells for $3300. I didn’t much care for it, as I’ve had other Napa Cabernets south of $100 I liked a lot better, but I’m not even seeking those as investments. I won’t do Burgundies, as they have burned many. But on Bordeaux, I’ve won everytime. I even had a ‘66 Margaux (crap vintage for Margaux) that I paid $30 for that someone broke negligently and he ended having to pay me what it was then worth-$150. So even when I lose, I win.
July 16, 2009

Adrian aka AnGkEr
wow….explosive episode….the energy is simply awesome…..
July 15, 2009

ben from boston
I’ve been rewatching some of the classics as a look back lately, and I’m sorry gary, though I’ve never had a problem with any of your guest choices, this one I cannot support. Cramer has no integrity and an overinflated sense of self. He has staked his reputatoin on some pure and simple illegitimate names and brands. He is either dishonest or has poor judgement or both. From Bear Stearns, to Conico( which he touts on this very show) he was wrong. Now Lenny Dykstra, who he supported, and touted as an investment genius, has been found to be a fraud. I have no reason to believe Cramer is not a fraud himself. He was even outed for illegitimate business practices of his own by Jon Stewart, and he had nothing to say for himself, not even a snarky comeback. Passion is great but it doesnt make up for a lack of principles. I understand and admire your willingness to give people the benefit of the doubt but Cramer is a major Vaynerpazzzzz in my book.
June 2, 2009

Chris
I loved this episode! Great work. I’m still looking for the California Wine investing episode you mentioned.
May 6, 2009

Aaron
Gary, Just watched this now – post economic bust and in the middle of the 2008 Bordeaux initial pricing season. Your predictions seem as bad as Jim Cramer’s. In the long term you might be right, but at this point, this is one funny episode!

Cheers,
Aaron
April 5, 2009

Bart
Great YouTube Gary would want you to watch it

http://www.youtube.com/watch?v=BxleU55LCHY&feature=channel_page
March 11, 2009

james
Where are all the links?
March 11, 2009

Kittysafe
Joe, early 80s dealers bought cards and comics, though I agree a lot of that stuff really was hard to sell in the late 90s early 21st century. For sure.

This episode definitely, DEFINITELY brought the thunder.

Great show.
February 12, 2009

wiljak
i love it – “i like vegetables because fruit is too fattening”
February 7, 2009

thepiratedoc
Wow – missed this one the first time around. Powerful! Gary V and Cramer together is almost too much juice for one show … I can relate to Jim; he doesn’t necessarily know wine, but he knows what he likes. Attaboy.
January 17, 2009

Michael Bristol
Completely love the show… amazing team… I am looking forward to more wine love from the winelibrary crew. Thank you for changing the wine world one sniffy sniff at a time.

Michael Bristol
January 17, 2009

Joe C
Loved seeing the Cramer on the show although I think “investing” in wine is stupid except for those are already in the biz. Way too many variables and cost for the average guy.

Reminds me a bit of when baseball cards were hot, sure it felt great when you opened a $5 pack and found a card “valued” at $50, but good luck trying to find someone to actually buy it at that price, all the dealers sure wouldn’t.

At least with playing the stock market as many of us have done, you can buy/sell at will, the buy/sell price is the same for everyone, and there are very few side costs.
January 16, 2009

Dessert Wine Nerd
Ha ha ha @ the Walmart jokes. Yeah I hate them and refuse to shop there. Ive heard enough about the way they run things to despise them forever. Great, great show. Jim wasnt as animated as I thought he would be and to me thats a good thing because I really cant take that much of him on his show ( Sorry, Jim). The Latour and Dow’s sounded heavenly. I think based on your statements I might try to pick up a 77 or 85 port. Probably too pricy now but we’ll see. QOTD: I have no idea what Jim said. It was half shouting and half rambling. If it was about wines he wants to know to buy and sell at a profit later, I really have no idea. Investing is something I know little about. Even the nice wines I own I dont really have a desire to sell in the future. I bought them to drink them down the line. However, if some of my 05′ Bordeauxs jump to a $1000, thats a different story.
January 15, 2009

Jason Bourgoin
LOVE this episode! Cramer is getting such a buzz! love how close you two seem…
January 5, 2009

viningsbee
Classic episode!!! Stick two great, expert (albeit in different subjects) big at a table together for 43 minutes and let the cameras roll. Oh yeah, and toss in some of the greatest wine out there. That was a blast to watch!!
December 20, 2008

B-boy
I came across your show while looking for information on Pago Florentino Tempranillo which I really enjoyed and I believe you were taking splinters out of your mouth from the Oak Monster. I had to disagree with your review on that particular wine but you had a lot of good insight and enthusiasm. Then I watch your show with Jim Cramer and then I was able to put my finger on it, your show got that same high energy enthusiasm as Mad Money. Love the show, I’m hooked, sorry Jim I’m canceling my cable until I get caught up on The Thunder! Well not really, but it’s got a sure in my evening viewing schedule.
November 23, 2008

Panchismo
Big Investment: Clos Apalta 2005 (wine of the year WS) 100 Bones red blend from Apalta region in Chile, Antiyal 2006 Maipo region carmenere based blend 40-50 Bones.

Muscle elegance from new world, with terroir sensations…

Viva les Jets.

Chao cabros!
November 11, 2008

Doug
Uh..Jim..oil is now at 60..I think you missed it
November 6, 2008

NELSON
HI IM FROM BARRANQUILLA-COLOMBIA. BY ACCIDENT I SAW ONE OF THIS VIDEOS ON YOUTUBE YESTERDAY AND I DONT KNOW ANYTHING ABOUT WINES BUT THIS EPISODES CERTAINLY TEACH YOU A LOT OF THINGS. I’VE BEEN HOOKED ON THIS EPISODES ALL DAY LONG YESTERDAY AND TODAY AND I BET THERE ARE SOO MANY OTHER THINGS TO LEARN. I FIND THE WINE WORLD FASCINATING. I HAD NO IDEA ALL THIS FLAVORS GRAPES AND STUFF EXISTED. THANKS GARY, THANKS THE WINE LYBRARY, IM STARTING TO DRINK WINE FROM NOW ON. I JUST BOUGTH A BOTTLE OF MERLOT FROM ARGENTINA AND IM ABOUT TO DRINK IT NOW. I HOPE I LIKE IT!!!
October 8, 2008

Daniel Kemp 4 Earth Emperor
When tasting these expensive wines wouldn’t it be cheaper to use brand new glasses for each wine than wasting wine just to clean out a used glass?
October 8, 2008

Mike
What about reselling…?

You have to give up a 23-30 percent cut in order to sell to brokers or auction.

So even if it goes up 25% you lose all profit to the fees.

Gary, what’s the best way to handle this?
October 1, 2008

Chris Rufkahr
So I popped 3 Klonopin before I hit play figuring I need something to make me handle the intensity of these two put together. I mean, c’mon, Jim Cramer and Gary Vaynerchuk – together??? That’s wine on crack, dude!

Oh contrare (is that how it’s spelled???) Seriously, this episode was so much fun. I learned. I enjoyed. I acted. (I’m now actively looking at wines in which to invest – never done that before.)

I love the fact that these two can work together. What an intersting pairing of topics – investing and wine!!! Very cool.

For people who leave all of their investing to their broker but always wished they knew how to do it on their own, try this. Invest in wine! How fun!!! If you blow it, drink it!!! I’m sending the link of this to my rich brother!!!

It was such a pleasure to see these two together!

You go guys!!!
September 30, 2008

Chris
Kramer’s entertaining… wouldn’t trust him to manage money, but entertaining. Serious about making money in the market? Check out my blog: http://chrisdunn.wordpress.com/.

Chris Dunn