Tuesday, November 26, 2019

Puerh As An Investment

Everytime I check current puerh prices, I run through the same hamster wheel.  I get sticker shock, then I run up to my husband to gleefully tell him that puerh X is now risen to crazy price $Y and what a good investment it all was, also adding just too smugly you can't even buy most of our puerhs now. My husband never fails to get his hose of ice water to spray me. His dismissive reply of "Are you going to sell it? It's not an investment then." is promptly followed by my assertions of his extreme good fortune that he has full and free access to drink all kind of puerh he would not have were it not for my early hoarding. But he never blinks.  He would be singing an entirely different tune of utter gratitude had I been a scotch whisky hoarder.   😤

Friends, the minimum 15 year period to age a new born sheng is a long one and I'm surprised how quickly the years have passed. It's an entire economic cycle and we've had one of the biggest booms and busts known to humankind.  I have to subject myself to the obvious thought experiment what would have been the better investment alternative to hoarding my inadequately aging tea.

All investments attached to monetary value can be simply and objectively judged against standard stock market returns. Compared against two common ETFs for the S&P 500(SPY) and the tech heavy Nasdaq(QQQ), you can see that an initial 10K investment yielded 325% and 555% in the last 14 years.    I'll use the more common S&P 500 returns of 325% as a more reasonable measure, otherwise one could say why not use bitcoin or amazon stock as a comparison.
 Total returns with an initial $10K investment from dividendchannel.com
Purchasers of puerh today know even humble mass factory '05-6 beengs bought under $10 now easily exceed 3X-5X and some Menghais verge nearer 20X+. Ask yourself where can you buy a good full sized 357g 2005/6 sheng beeng for even $80? Exactly!

So would I rather?  If I honestly ask myself would I rather have plugged this money into the stock market with the SPY 330% return than have the collection I've amassed?   The answer is not really.  This is not because of the hoarder's defensive reaction but because of my financial situation.  If I had student debt, car debt, credit card debt or a miniature human sprung from my womb that came with decades of endless expenditures, the answer from a sheer financial prudence perspective must be yes.  But I am thankfully not in dire need of said funds and if I had the money again I would buy tea.  And the tea has brought great joy and moments of calm and contemplation during turbulent times, something I would not give up for money alone.

I have regrets of a different sort.  Puerh collectors know coin is only the entry token but the real investment is paid in blood, sweat and tears.   I don't begrudge spending tea money.  It's the excessive time and mental energy that I should have split more evenly into learning about financial investing alongside junking out about puerh.  For the hundreds of hours devoted to puerh, I still know relatively little about this infuriatingly inaccessible arena of tea.  Even 1/50 of the time invested studying fixed income markets would have had massive dividends over the last 14 years that would have made my tea expenses trivial.  I am making up for lost time and I can enjoy drinking my collection while I do so. I always take the view better late than never and I have been diligently studying preferred stocks, REITs, and closed-end municipal and infrastructure funds like it's the secret to home sheng storage.   Somebody should have just done a PSA and broadcasted the secret, "THE SECRET" if you live in a dry region is plastic wrap.


Unlike my puerh studies, my steady investment into melee and ranged combat has paid high yield dividends almost every week. Shameless plug for my Yakuza 0 video.

Monday, November 25, 2019

04 DeHong Wild Tree Purple Turning a Corner, Finally

In 2012,  I had been exceedingly disappointed that one of my early favorites the 2004 Dehong Wild Tree Bricks had become a ghost of their former selves.  But this morning I have a small glimmer of hope that something more is afoot as the brew gave my jaws an unexpected pull and a squeeze. The tea has a staying power in the upper palate that is not entirely unwelcome but not praiseworthy yet either.  The actual brick is still tight as ever, still don't want to give it up. It's all deliberately chopped up leaves that you often see in XiaGuan pressings and it is pressed tighter than an XG if you can believe that. The ultra tight iron compression has made it age glacially in comparison with my other stone pressed beengs so it may be too early to tell yet.

Mangled brick
The brew has a heaviness of sugarcane that is also paradoxically and simultaneously too light in the way some budget Yiwus are. I realize there are no longer "real" budget Yiwus out there and the budget Yiwus of my youth are probably undeserved overpriced triple digit cakes now. High end Yiwus I've had the pleasure of enjoying have a beautiful effervescent lightness yet surprising strength - like elven swords. (If you are wondering,  I tend to favor the heavier dragon bone weapons but only because I've got a glut of dragon carcass materials cluttering up my smithy.)  But such Yiwu endurance of huigan can be epic sometimes lasting across meals stimulating long dormant tastebuds in long lost corners of the mouth. Budget versions are a bit more heavy handed initially on the tongue yet leave a "lighter" imprint on the jaws. Not exactly the lightness of titanium vs lightness of plastic metaphor but I'll leave it here.

The De Hong is definitely not the young savory yet mouthwateringly juicy sweet brick I fell in love with and the anthocyanin flavors have long departed.  However the lightly lingering huigan growing more prominent on the teeth makes me more than a wee hopeful.   This transition is definitely is a huge improvement from the muted yet bitter brew from 6 years ago.  Perhaps they were stuck in the 8 year awkward phase, neither young nor old.  And as evidence that it's becoming something more interesting to me, even though the sheng tea broth was immediately bothersome to my belly, the brew was compelling enough that I've been drinking constantly for the last few hours.  So I will gladly retaste it in another few years.

This isn't to say I feel warm and fuzzy about cold dry home storage I've got going on in Berkeley.  Don't get excited Cwyn!  But I'm nodding my head that it isn't as bad as I feared- that my sheng are not mere desiccated mummies worthy of scorn.  Incidentally in the last few years my usually dry home had suffered mold issues. It turned out the ancient plumbing beneath our house burst and our dishwasher and bathroom sink were draining straight into the crawlspace creating a moist environment for worms and mold for a few years. I wonder now if this actually gave my sheng a boost.


Thursday, November 21, 2019

Breaking my 2019 Tea Purchase Hiatus

Yes dear readers, I did not make it all the way through on my 2019 tea purchase hiatus.  It's not that I drank up all the home supply but I ran out of a particular profile of tea- robust, dark, uncomplicated yet tasty. That sounds suspiciously like coffee and when you've punched the mornings out with the devil's brew for two years, tea grapples to take it's place.  The puerh crammed in my closet I've come to recognize is just not functional enough and is too inconsistent for daily utility. But I didn't hoard all those beengs for utilitarian purposes.

Not a photo... latest Kojima game.
The hiatus was not about saving money and more about simplifying one's life or at least not complicating it with yet more boxes of tea that have no place to go but pile up on one's overburdened desk.  All year I made respectable progress drinking up un-ageable teas(seasonal green teas, lapsang souchongs past due) and I cleared out a dozen random bags of half open tea samples.  There is a refreshing freedom to not thinking about procuring yet more tea and simply drink what you have.

As I've not strained my purchase decision muscles buying puerh, I've diverted my energies to the delight of my husband into buying new issue preferred stocks and municipal/infrastructure funds instead.  I have to admit choosing financial instruments is much easier than selecting a sheng beeng to age. The other day, Fidelity despite their "no commision" switchover charged me $50 international fee to make an OTC purchase of a new Canadian preferred issue.  And this pilfered $50 could have been a decent tea order and definitely a lot of quality assam.  When one leaks money in unwanted fees, one can right this wrong by leaking the same amount into something you do want! Laugh away.

Behavioral economists talk about our completely irrational way of dividing up money as mental accounting.  The most common example is when spouses who pool all their assets together still consider gifts bought with "earnings" from the other spouse more special even when paid from the same family till. I should consider tea my husband bought on his own volition something special except the last unfortunate incident involved gnarly large leaf barnyard shu from Oakland Chinatown. It was an act of complete sincerity on his part. Why oh why except husbands sometimes do weird things with the best of intentions.

I did drink shu this day...
But back to my first tea purchase of 2019, I had a great hankering for assam which I've found to be my ideal base for a brisk morning brew. I find selecting Indian black teas a relatively low stress task. Unlike buying puerh where there is a huge wild card factor involving the underlying tea and it's past storage conditions, I've found the tea grading system to be a reliable gauge for  Indian teas.  Especially with assams, one TGFOP isn't wildly different to one from a different estate and my tea enjoyment can be expected to be roughly the same.  But enjoyment pegged to a vertical price/quality gradient is not as useful as lateral comparisons.  One can expect an GFOP to be more robust and brisk in taste than those higher up the quality/price ladder. GFOP can do morning duty much better than the highest grade SFTGFOP but whether or not one would enjoy the pricier SFTGFOP commensurate with the premium is not entirely assured.  Indian tea market has always been largely a buyers market and tea classification system sure does make comparison shopping easy for the small fry consumer like me. I don't ever expect such efficiencies to enter the puerh market.

I had no shortage of vendor options but ended up ordering for the first time from Indian middleman teabox.  In the U.S., Upton has the largest loose leaf assam selection but teabox had a more compelling assam lineup with better prices.  Most importantly teabox carried a tea in my tea bucket list- a winter Nilgri frost black tea.  I followed common sense that an Indian vendor has better depth of Indian teas than a U.S. based one that carries a world selection  so we will see next Tuesday how this bundle of assam joy from India will shake out.

International tea buying is always a slippery slope. I really only needed ~100g of tea but $50 gives you free shipping and then you want to make a tea haul worth your while.   I pared down the order to a mere nine 100 gram packets of quality assam(2 pounds) $66 free shipping. I'm sure my sweet husband would appreciate my restraint.

Monday, October 14, 2019

Burnt Barley Chocolate

Chocolate bars to welcome autumn
I recently took a trip back to the East Coast. I always bring back a few chocolate bars for loved ones and came across this unique Icelandic concoction of cocoa butter and burnt barley. There isn't any cocoa in it similar to white chocolate. I brought this bar for my father as I love to have him taste new things even if it's a marriage of two familiar flavors.    
Although my rule is to never let the wrapper seduce me,  I have to confess I totally fell for the stylish geometric design of ravens.  As my favorite poem is Wallace Steven's Thirteen Ways of Looking at a Blackird, I was instantly smitten.  omNom Chocolates is a small batch bean to bar maker out of Reykjavík and they tend to specialize in slightly sweeter bars(milk to 73%) than I normally get. The risk was small, the potential pleasure medium to high.
My mother told me the tastes were very reminiscent of roasted barley tea and we enjoyed the novelty of the roasty malty flavors of this pitch black bar. The extra blackness is from activated charcoal which doesn't add to the flavor.  The tastes were comfortingly amiable with the extra crunch of the barley grains providing some more fun in the mouth. It's definitely a pleasing bar to share at a small dinner party. 










Thursday, August 22, 2019

Now for something completely different...

Dear Readers,

I been quaffing tea mindlessly and regularly but find squeezing a few words let alone humor out of tea harder and harder and have plied my content creating skills to gaming.

For anyone that has an interest in video games or romance in general might find my latest effort good for at least one chuckle. If you manage to keep a straight face for the entire 4 minutes, well I have failed you.




(Channel link: https://www.youtube.com/channel/UCH60Bts8tBKt1Jj5FuFGMrg/featured)