Wanna see something scary? Look at this CT report...

WINE TALK
21

first of all, you don’t know if I quoted value or cost. Let’s assume value. You also don’t know if that value is a function of volume or appreciation. You don’t know if the there has been a net increase or decrease in the value or size of my cellar.

Let’s say you want to grow your cellar and you want to consumed $1 of wine per year. To do so, your purchases in volume will have to be greater than one. The greater the delta, the greater the rate of accumulation. Let’s say you want to drink wine of a certain average age, then you would expect accumulation then a steady state and then eventual depletion… lots of variables. All I am trying to say, is you cannot concluded from y=.33x that one does not consume enough as you don’t have enough information.

22

i anti-heart that report … in fact, i’m pretty sure that report is bad for my heart [help.gif]

23

Obviously, you can take the man out of the bank, but you can’t take the bank out of the man. Thanks for the economics lesson. neener

24

I never clicked on this feature. I hope that my wife never sees it. pileon

25

I’m too scared to actually look.

26

Be careful out there kids. Please note that there is an option to suppress all price/value display. Call it the spousal safety feature!

27

+1

28

I’ve bought my house…twice.

29

Wow… This WAS actually scary…

To follow Scotts way when it comes to purchases I’ll get:
2005 = X
2006 = 5.5X
2007 = 8.2X
2008 = 18.4X
2009 = 5.3X

I don’t have accurate enough data on my consumption part, so statistics would be a total mess if I tried, but Y should be below or at 0.1X, as I don’t register daily drinkers into CT.

So one thing would be quite obvious; I’m in a building phase of my cellar…
For the future I would expect my purchases to even slow down somewhat more on a yearly basis, and that it would stabilize at 1-1.5X.

Thanks Todd for making me look into this, I’d guess it will help me into slowing down my purchases a bit more. [thankyou.gif]

30

Thank goodness my wife is back in the biz, as I have slowed spent less than 25% of what I did last year. And I really shouldn’t have looked. I had a real, real bad year in there.

31

I committed myself, as many of us did, to buying WAY less wine this year. Well, the deals were too hard to pass up, so instead, I ended up buying so much wine I needed an additional wine cellar/cooler to store them…still have more than 2 cases I need to find room for, but they haven’t shipped.

32

Wanna see something really scary??

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33

That was a fun analysis, well sort of. I ran it on units purchased, total cost minus any money back for wine sold. Instead of X and Y I am going to just baseline on 2003 as 1.0.

UNITS
2003: 1.0
2004: 1.2
2005: 1.0
2006: 1.1
2007: 0.6
2008: 0.4
2009: 0.1 (half of these are gifts as well)

COST net of SALES:
2003: 1.0
2004: 1.4
2005: 1.3
2006: 1.9
2007: 0.8
2008: 0.5
2009:-0.2

Two things going on here:
(1) In 2007 I built a wine cellar and all of my wine came home from offsite storage. Instead of buying I started drinking a lot of what I already had which slowed things down.
(2) On 12/11/08 we found out that a guy named Bernie had forever changed our reality.

The 2008 numbers are understated, as I returned a chunk of undelivered wine (0.3x). And yes, that is a -0.2 in 2009. I sold enough wine (Hurrah Marketpalce) to pay for all purchases (basically just my SQN allocation, a few Betz wines and some 06 and 07 Pegau) from 2009 and still free up 20% of what I had spent on wine in 2003.

Consumption is pretty steady across all years with a 20% drop this year. Just working too damn hard to go to as many wine tastings, drink as much etc.