/biz/ - Business & Finance

Luxury brands are petit bourgeois cope.

>>54692207
>burn excess supply on cheap bags to make them ""expensive""
>400B company

>>54692207
true but this could be many things. margins increasing, markets increasing, prices of labor/materials falling, messing with the "sales" numbers to pump up the quarterlies, many numbers of things. meanwhile as long as the stock rises the people at the top don't care about the actual business- they can collateralize all of it anyway so it could mean a lot of things though your point stands. the rich get richer

>>54692207
investing in luxury goods/brands is retarded because the rich determine what is "luxury" in the first place. they could easily make LVMH brands not popular/cool tomorrow and the stock would go to $0 if they want. it is worse than crypto gambling. only invest in companies that have real intrinsic value like oil/tech companies and not made up shit like luxury brand that only exists based on perception of few rich elites.

>>54692207
I actually did make some money off of LULU's earnings pump. Wish I'd gone a bit more all in, that shit absolutely mooned.

>>54692603
Lmao @ your cope. Probably a retarded commie.

>>54692491
bravo
That being said the watches used to be worth the cost because you could buy a submariner and never need to buy another watch ever again but this is turning into lunacy now.
Submariner was like 7k in 2013

>>54692677
Checked, LVMH was started how long ago? Good god cmon /biz/