Vol. 1 No. 22 …back home again from NYC/Canada roadtrip…

(Readers note: when I began this blog I had planned to post at least once every two weeks. I did not want to waste my, or my readers, time ‘just to get something out there’. The problem with that is people forget and come back and see no updates – the last was on 9/24 shortly before I left on the wine trip. IF you like the blog, please add your email to follow and you will be notified when there is an update. You can, of course, unsubscribe at any time. Thank you, the management) 

…an incredible trip of 4,200 miles in 19 days…not as daunting as it sounds. Despite the fall colors, not that many tourists out there. Haven’t even tallied up the number of wineries I visited and was very impressed. Long Island, Hudson Valley, Finger Lakes, Niagara (mainly on Canadian side). DO NOT underestimate these wineries! Overall quality was very good and many were excellent!

Where to start…well…not where you might expect. Starting right here in Excelsior, MN, where we got home on Friday afternoon. I had two reasons for this: first, Total Wines here was having Gaia Gaja speaking on the Gaja wines – or so I thought. For $20 she spoke with a Q and A followed by a tasting of Gaja wines – some but not the very high end ones that cost more than $200. I then found out (and it made sense) this was a teleconference that could be viewed in any of their stores and having recently tasted the Gaja portfolio, I passed. Several years ago I visited the winery in Barbaresco, Piemonte, Italy. Some time later The Wine Club in San Francisco posted in their newsletter that she was interning at their store following one at Robert Mondavi. I went down and was privileged to meet a ‘cautious’ Gaia, who was charming and opened up once she realized I had been to the winery and met several of her friends in Barbaresco. As it turns out, she is now running the winery, having taken over from her father, Angelo. If I can connect with her again, it will be the subject of a later blog.

So, while that was a bust, the other reason I came back was for a tasting of Italian wines at The Wine Republic here in Excelsior, MN. Patti Berg and RJ Judalena (and their precious daughter, Orla), opened a specialty wine shop here a little over a year ago. Their niche is that they only carry wines that are either organic, sustainable, or biodynamic. Besides being environmentally friendly, these methods are growing in popularity…in California, mostly sustainable, and in Sonoma all wineries will be sustainable by 2020. I also saw on the trip of both sustainable and organic (only one certified organic), and one biodynamic which is also starting to catch on in California. Although it has been since sold, Justin winery in Paso Robles was doing it when they started.. Without getting technical (which I can’t because I don’t fully understand it), it involves planting by the phases of the moon and much more…think Farmers Almanac.

By carrying only these environmentally-friendly wines (along with some beers, ciders, and hard liquor that meet the criteria), it limits the number of wines so you don’t see a wall (which is what you will see at Total, Wine Club, or any large wine store), of confusing wines – some of which may have been standing for a year or more. Instead, you can browse or tell them what you like (isn’t that what TB has been trying to tell you here?), and they will show you their wines that might appeal to you.

But the other thing they do is host weekly tastings of wines they carry and sometimes very special tastings of wines. Cost of the regular tastings is $5 which can be applied to any purchase, while the special tastings cost $10 (so far at least) but due to the large number of wines tasted, can not be applied, but trust TB, they are worth it.

The first of these was France is for Lovers, featuring wines distributed by Berkeley, Ca. importer/distributor Kermit Lynch, who has done more than anyone to promote wines from the south of France which were previously obscure, and was the first to come up with the idea of temperature controlled shipping containers for all of his wines – especially important on the West Coast where they frequently travel through the Panama Canal. It took several years for another distributor to replicate this. He also is author of several wine books, the most enjoyable being Adventures Along the Wine Route, written more than 20 years ago and recently updated, which drove TB’s passion for wine. It is a thoroughly enjoyable read, even for wine novices or those just interested in French travel. The tasting included 25 of his wines and provided the taster with the ability to try wines they might never have the nerve or inclination to buy. It was very festive an even featured a beret-donned accordion player to set the mood!

Saturday’s was Italian Opera and Wine, featuring 22 wines from FIVE different Minnesota distributors, The quality was high and the prices blew me away – TB marked 11 as having exceptional value (range $16 to $30). Especially notable were four alternative whites including a Soave (Tamellini) – a wine I wrote of long ago; a Ca Lojera LuganaTrebbiano which blew me away; 47 Anno Domini Pinot Grigio (also a Prosecco that was fabulous), with a beautiful floral nose that finished very dry, an amazing PG that I had never seen before. Lastly, a deliciously sweet but very clean 47 Anno Domini Moscato – yummy. If you haven’t ever had any Malvira wines you are in for a surprise. Their Brachetto D’acqui Birbet is a beautiful, succulent red that seduces you. Note that Malvira’s Roero Arneis Sargietto is highlighted in 1000 Wines to Taste Before You Die. If you haven’t ever tasted an Arneis you will be surprised by the wonderful flavors. TB first tasted it at Vietti in Piemonte, on a private tour by founder Alfredo Corrado, then in his 80’s and recently deceased. Roero means wild and Arneis is the river that flows through Piedmont stretching past Asti and Alba. He was the Robert Mondavi of the Piedmont region, an unbelievably wonderful man. Caution: never buy an old Arneis…the one cited in the book was a 2004. They should be drunk young and not exposed to heat. Two of the reps/pourers (Marcus and Dustin) as well as a young lady sang opera spaced throughout the tasting adding to the experience.

Kudos to Patti and RJ for both of these events and there will no doubt be more to follow.

Okay, back to work on sorting out the trip. Several of the posts will be up over the next week or so. Hope you enjoyed this one. Au revoir, ciao, adios, friends. If you enjoy the site simply add your email – you can cancel it at any time.

TB

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traderbill

How did Trader Bill originate? It was conceived by me as a way of providing information summaries of global financial markets so that friends and associates could bring themselves up to speed on events and changing market conditions upon their arrival at work. In addition, it provides information on speakers and economic releases that day with consensus estimates and level of last release so that the reader is prepared to react, or knows how the market might react upon the release of information. Who is Trader Bill? Initially any reference to me was as ‘i’. This is to remove the aura of ego and to suggest that i am but a humble reporter, albeit with 35 years of investment experience. Investments are demanding of ego, however, or one would not feel that he was qualified to manage someone else’s money in the first instance. Therefore i needed an ‘alter-ego’. Like Winchell and Mahoney, Edgar Bergen and Charlie McCarthy and especially Trader Vic and Mai Tai’s! Why Trader Vic? Because he was a likeable man who delivered pleasure to his customers and knew exactly what their desires were. The reason for the alter ego became obvious once I introduced Trader Bill into my commentaries: people started asking what Trader Bill thought. They had never asked me what I thought before, but suddenly they wanted to know what TB thought! Now mind you they KNEW that I was Trader Bill but for some reason he became bigger than life. Maybe it was the small ‘I’? What does Trader Bill try to do?His goal is to educate from his years of experience. Consider that most of the traders and people managing investments weren’t even around in 1987 for the crash! Consider that Graham and Dodd, and even Warren Buffet are not relevant to them, too old hat. Their historical perceptions of markets and fundamentals (earnings, price/earnings ratios, bonds, debt service coverage) are irrelevant in this fast moving world. This is the NEW ECONOMY, or is it? How did your style originate?Years ago i found that i had a knack and talent for writing. In addition, i developed an ability to analyze market news about 15 years ago. It took the Crash of ‘87. Prior to that i was just listening to what others said about the economy. But bond yields had been soaring in ‘87 yet the stock market just kept hitting new highs. That was when i began to learn about markets. i have both a dry and witty sense of humor (some call it inane!). Therefore i attempt to make even the worst news somewhat amusing: whether it is the absurdity of an economic release, or the comments of a CEO. This is trading desk humor (or gallows humor). It isn’t politically correct but it does ease tension. Ironically, it is seeing the light at the end of the tunnel (in the Navy they say: it’s always darkest before it’s pitch black!), that allows you to be more objective in your analysis, as bad as a situation is there will still be a tomorrow! You will see that i practice three-dot journalism, a style made famous by San Francisco reporter Herb Caen, whom i idolized. At least to me it is effective. What is so special about your analysis?Frankly, i don’t know that it is special, but at least it beats “the market closed down today on profit taking.” What i do know is that most of what you read is spat out without considering whether or not it is rational, like the above statement. Is it right? Sometimes yes and sometimes no, and that is the key to what is different about my analysis: it is meant to make you think. Is Dan Rather right or is Trader Bill right? If it causes you to stop and think about it, regardless of whether you agree, i win! Because THAT is my goal…not to have you think i am a guru, got that? Bet you never heard that ANYWHERE before in my business! Instead they want you to think just how smart they are but remember in this business if you are right 60% of the time you ARE a genius! Another thing that is different is when i am wrong on an analysis i will tell you, not hope you forget what i said. So now you have the tools to do what the speculators and hedge funds do: challenge authority, and if you make money it is because YOU did it not me. i was just a tool, your flunky to do the grunt work and let you decide…course you could be wrong too but at least you looked at the big picture. But the goal is also to have fun! This shouldn’t be a business of hushed tones and grim faces. It is a living, breathing thing and nowhere else in the world do you have the odds as much in your favor as here. Just beware of the guy who wants to put his arm around you and tell you he is your friend. So there you have it. I hope you select me as one of your sources for market information. If you do I promise to work my best for your financial success. Trader Bill

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