What company is higher quality?
22 VotesPoll ended on: 06/15/22
@youngmoneycapital the nice thing about luxury is the more expensive the price of a good or service is, the more price inelastic the purchaser is. If you're buying a $20k watch you're probably not blinking at a $25k watch. Same with a $300k Ferrari $RACE.
The "luxury" business that has given me fits over the years is sports franchises $MSGS $MANU. On the one hand, they are the ultimate luxury good, and one of the true scarce assets around. On the other hand, if you own something like $MSGS you're a minority partner to James Dolan and you might never get your money out, no matter how high the Forbes value on the Knicks goes. For now I've settled on publicly traded sports franchises being a good long-term store-of-value asset, more like gold than your typical stock/operating business.
Hermes with the amazing brand value. ASML doesn’t even need explanation 🔥