Vol 3 No 10 Chateau Belle-Vue revisited

I originally wrote about this wonderful Lebanese winery that is doing everything right, a year ago. You might want to look to Vol. 2 No 7 because it is worth the effort. To recap this is a small production winery located in the mountains east of Beirut, in a small town Naji Boutros grew up in. After coming to the U.S. to attend Notre Dame (see the post for the details), he met his wife Jill there. After a successful career as an investment banker in London, he returned home to try to improve life for the people of his small town and make great wines. Unlike many newly-wealthy people now ‘investing’ in wineries, theirs is not to make a profit but to promote their wines and they have succeeded in causing more than a dozen new wineries to open. The original Lebanese wineries were in the Bekaa Valley such as Chateu Mazur, which has been there much longer.

The beautiful thing about Belle-Vue’s location (again see the post for the details of the name, etc.), is it is near Beirut, has a wonderful lodge and restaurant and has an ideal setting and soils to produce award-winning wines. Their three main grapes are Cabernet Sauvignon, Cabernet Franc, and an incredible Syrah! They produce a small amount of other wines but those are served in the restaurant and not exported.

Here are the two available in the U.S:

Chateau Belle-Vue La Renaissance. Note that the current release is their 2009, a Left-Bank blend of Cabernet Sauvignon and Merlot. It has medium tannins and will be long-lived. I previously had the 2007 and it is nowhere near its peak.

For the first time Le Chateau has been offered in the U.S. This 2009 is much more forward and filled with lush fruit. Bordeaux? Rhone? No, a Rhodeaux! Okay, TB coined the name because it is an unusual blend of Cabernet Franc, SYRAH, and Merlot. Huh? How did they come up with this? Barrel sampling and everytime these three grapes blended the best so they decide to be somewhat ‘Rhone Ranger’s of Lebanon’, and the result is stunning. I love this wine and the price of around $59 may sound high but consider their production is very limited…how limited? It is measured in thousands of bottles…bottles not cases!

I bought it at the Wine Republic in Excelsior, MN, but it is available in other states too. As the saying goes…try it, you’ll like it! I did!

Au revoir for now…

TB ©copyright 2017 traderbillonwine.com

 

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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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