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Luxury group LVMH goes parabolic

Bernard Arnault, CEO and majority owner of French luxury group LVMH, briefly surpassed Amazon founder Jeff Bezos to become the world’s richest person, Marc Bain reports. Jeff had since retaken the #1 spot. But I want to share the stock movement of LVMH, to show that it is not only tech stocks which go parabolic. Money could come from many areas.

 

Money could be made from many areas. It the areas that should bother us. Technology and Fashion are very similar, you ask why? Valuation of technology business are done on the ground of it potentials, which could be largely sentimental, so also, Fashion,more to say, a premium brand, is fundamentally, fandom!

So, Bernard is making big money in the same manner Apple makes it money- it not the always the superior  product, rather, the people who are willing to push the brand beyond your imagination.

That said, Aba should learn somethings here, we should rake in some cash via this model

"That said, Aba should learn somethings here, we should rake in some cash via this model" - absolutely. In the age where everyone is running to tech, knowing that some are making it big in these areas is encouraging.

Yes- all cannot converge at one point as source, rather whilst we diverge in source we all work in synergy to uplift each other.

Evening