whiskey

“You never know how steep or how flat that aging curve might be, but it is typically positively sloped. Whereas some other commodities can be up, can be down, you know, if you didn't sell your corn or your wheat or your timber this year, next year you might be …”

“For whiskey, we insure a year ahead from the aging curve, so whatever the value is today, we actually insure it for a higher value for what we predict the value of the whiskey will be a year ahead. So if we get wiped out for some reason, the collection for the…”

“Whiskey as something that when that came across our desk six years ago, we knew nothing about investing in whiskey. Literally nothing. Three different groups pinged us and said, hey, you got to look at what's happening in the aging curve. I didn't even know wh…”

“We buy and age barrels of whiskey, and we sell them back to craft brands immediately when they want to put it into a bottle and sell it. They don't want to use their balance sheet to warehouse whiskey.”