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Longevity
Bernard Arnault claims he once made Steve Jobs laugh by telling him; “ In 20 years I don’t know if people still use your phone, I’m sure they drink Dom Pérignon”

What’s your take ?

Conor Mac's avatar
Conor Mac
@investmenttalkMay 13
I think the idea is correct, that goods like wine have more Lindy qualities than technology.

It could be in this case that people still use iPhones 20 years from whenever that was said, because iPhones are special. But in 100 years, I suspect Moet, Dom Perignon etc still exist. IPhones, i doubt it.
Steve Matt's avatar
Steve Matt
@interrobangbrosMay 13
@investmenttalk What are the luxury brands of 100 years ago and do they still exist today? Genuine question that I don’t know the answer to.
Conor Mac's avatar
Conor Mac
@investmenttalkMay 13
@interrobangbros check out the LVMH portfolio, there are a few century old brands in there.
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