How Europe's Richest Man Cornered the World's Dumbest Market

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  • เผยแพร่เมื่อ 7 ม.ค. 2025

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  • @HowHistoryWorks
    @HowHistoryWorks  17 วันที่ผ่านมา +8

    Start creating for free at www.odoo.com/r/YlH. Trust me, you’ll find it’s never been easier to share your passions online.

    • @yomama1938j
      @yomama1938j 17 วันที่ผ่านมา +1

      ?

    • @a.k8069
      @a.k8069 17 วันที่ผ่านมา

      9:35 there's a typo. Vocals say "17 million", but the animation shows "7 million".

    • @a.k8069
      @a.k8069 17 วันที่ผ่านมา

      17:13 animation displays "600 million" and vocals say "60 million".
      I'm not sure if it's a typo or if the vocals are wrong (I assume vocals given that it took 1.5 Billion to buy up 25% of the company)

  • @sampajam6256
    @sampajam6256 17 วันที่ผ่านมา +362

    i'm french, i'm shocked there is no mention about the money he received from the state to buy all this in the first place

    • @KarlaKloppstock
      @KarlaKloppstock 16 วันที่ผ่านมา +57

      Yeah, the video is full of interpretations and "entertaining" fillings, not very critical and not so well researched.

    • @byteblox100
      @byteblox100 16 วันที่ผ่านมา +2

      🥐🥖

    • @monolith-zl4qt
      @monolith-zl4qt 16 วันที่ผ่านมา +16

      @@KarlaKloppstock Can you expect any more from an American video essay youtuber (or self proclaimed journalist)?

    • @IkeSpeaksUp
      @IkeSpeaksUp 16 วันที่ผ่านมา

      ​@@monolith-zl4qt ouch

    • @grimgoreironhide9985
      @grimgoreironhide9985 16 วันที่ผ่านมา +7

      That’s just legalised corruption. He must have dirt or done favours for government officials.

  • @tomlxyz
    @tomlxyz 17 วันที่ผ่านมา +460

    For me the fact that a guy in the luxury business can sell enough to become one of the richest on earth shows that theres a lot of things going wrong in the world. So much money spend on things that arent really doing anything for society

    • @HowHistoryWorks
      @HowHistoryWorks  17 วันที่ผ่านมา +63

      Yeah it's not a great sign

    • @peacejohn4344
      @peacejohn4344 17 วันที่ผ่านมา +46

      This is such a short sighted view.... how many people are employed in this craft? The manufacturers the farmers selling the leather. Thousands have a good life because of this business. This is a good rhing for society at large. Even something as luxurious as a yatch contributes positively to society.

    • @Batmangutten
      @Batmangutten 17 วันที่ผ่านมา +29

      If it makes you feel better, a luxury piece of clothing doesn't take all that much more in terms of resources and labor to produce. The high margins on these products eventually make their way to a place where the capital is more likely to be needed.

    • @Batmangutten
      @Batmangutten 17 วันที่ผ่านมา +20

      @@peacejohn4344 Of course it still contributes to society, but it would still be better for everyone involved, well except for the luxury brands, if we didn't engage in zero sum status games. Although it isn't as wasteful as you might think at first glance, there are still more efficient ways to gain the same benefits.

    • @mikitz
      @mikitz 17 วันที่ผ่านมา +6

      Then again, who are we to define what other people should spend their money on? If you have more money than brain cells, spend it on crypto, at least that's not my concern.

  • @UnKnownv5
    @UnKnownv5 17 วันที่ผ่านมา +240

    how to get rich: be rich in the first place. especially true in europe.
    not denying whatever talents he may or may not have in the old world almost all super rich come from old money or from government support.

    • @deeptoot1453
      @deeptoot1453 16 วันที่ผ่านมา

      Was just gonna say that. And they stay rich by turning the continent into a socialist dystopia where equality of outcome (regardless of individual merit and effort) is the ultimate goal. The ones that have already made are laughing and looking down upon tall of the entrepreneurial spirits that could have given them a run for their money form their high chairs, knowing the socialist governments won't ever let them reach the top.

    • @IkeSpeaksUp
      @IkeSpeaksUp 16 วันที่ผ่านมา +19

      "A small loan of a million dollars" goes a long way

    • @monolith-zl4qt
      @monolith-zl4qt 16 วันที่ผ่านมา +3

      As opposed to the self made sigma males of other continents hahahah maybe start reading the Forbes 100 list & find out where they all started from

    • @deeptoot1453
      @deeptoot1453 16 วันที่ผ่านมา

      bruv wtf Woke YT keeps deleting my comments

    • @carlosnavarro-cj2jv
      @carlosnavarro-cj2jv 15 วันที่ผ่านมา +1

      Same everywhere most billionaires i herit money

  • @longgiangngo414
    @longgiangngo414 17 วันที่ผ่านมา +91

    Funny story, I actually lived and currently work in the town where he was born (Roubaix), in which you can see two clearly different worlds just minutes away, and I have collegues who are terrified at the idea of going through the rough parts of town 3 blocks away from our offices. To put it in perspective, it's like Manhattan and the Bronx at a much smaller scale.
    And let's be very clear, Bernard's main clientele is from the poorer parts of the town lol.

    • @Swedishpolymath
      @Swedishpolymath 17 วันที่ผ่านมา +7

      And he owns the football club Rennes right. A small but significant detail especially Americans should take note of.

    • @arynasabalenka3173
      @arynasabalenka3173 11 วันที่ผ่านมา

      You should not have allowed so much immigration

    • @leverage2279
      @leverage2279 9 วันที่ผ่านมา +1

      It's because only poor people believe that owning luxury things make them impressive. The true rich know that owning things that will give you control, power, influence, and advantageous conncetions is the true impressive.

    • @Swedishpolymath
      @Swedishpolymath 9 วันที่ผ่านมา

      @@leverage2279 And that's the difference between Old Money vs Nouveau Riche.

  • @batman1776
    @batman1776 17 วันที่ผ่านมา +163

    Rich people don't buy luxury brands. It is usually people who think it makes them look rich.

    • @tomlxyz
      @tomlxyz 17 วันที่ผ่านมา +49

      Rich people do buy luxury brands but they are usually of a type where it is not obvious. Stealth wealth

    • @a.k8069
      @a.k8069 17 วันที่ผ่านมา +20

      They do buy luxury brands, a lot of rich people like to stunt on people, just like everyone else.
      Old money doesn't buy the gaudy stuff and usually just gets tailored high quality stuff (still luxury brands), but that's a very small subset of rich people (defining rich as making 1M+ a year).

    • @here_be_dragons9184
      @here_be_dragons9184 17 วันที่ผ่านมา +29

      This a myth that has been proven wrong again and again.
      Rich people do buy luxury brands because it's chump change to them.
      If anything they don't buy luxury brands, they buy super-luxury brands, like if they buy a watch, they won't buy a Rolex, they'll buy a Patek and so on.

    • @Deep_Side_Sleep
      @Deep_Side_Sleep 17 วันที่ผ่านมา +14

      You are hallucinating if you think rich people buy stuff like normal people clothes from H&M or Walmart. They just buy stuff which are not that gaudy but they are definitely as expensive as the known brands.

    • @JasonBrown-zp8tx
      @JasonBrown-zp8tx 16 วันที่ผ่านมา +5

      ALL women like luxury brands.
      some men do

  • @SirEricArthurBlair
    @SirEricArthurBlair 16 วันที่ผ่านมา +35

    The underhanded moves by this guy are terrible. I don’t like when people move that way on business. He was trying to snake a family out of their company just so he could collect all the European fashion houses under his umbrella. He doesn’t care their history or contributions. He doesn’t even want competition. This concentration of ownership is terrible for the market, prices, and creativity.

  • @newyorkerjoe123
    @newyorkerjoe123 17 วันที่ผ่านมา +142

    “When the rich rob the poor, it’s called business ... When the poor fight back, it’s called violence.” - Mark Twain

    • @abiku2923
      @abiku2923 16 วันที่ผ่านมา +3

      Deny, depose...

    • @Jeff-j8t5l
      @Jeff-j8t5l 14 วันที่ผ่านมา +6

      You bought something and say you're robbed? How dumb is ur thinking?

    • @darkhunteryt4268
      @darkhunteryt4268 11 วันที่ผ่านมา

      wow how dumb you are

    • @leverage2279
      @leverage2279 9 วันที่ผ่านมา

      It's because the rich are clever and knowledgeable therefore could get what they want without using violence. The poor, however, are less knowledgeable and less clever and would resort to the only way they know how to do when threatened.

    • @billhwangg
      @billhwangg 5 วันที่ผ่านมา

      Or maybe just maybe most rich people aren't robbing the poor​@@leverage2279

  • @dieucondorimperial2509
    @dieucondorimperial2509 17 วันที่ผ่านมา +34

    4:25 l’Ecole polytechnique doesn’t cost a dime; if you agree to work for the government or the military for a few years after graduation, they’ll even pay you to attend

    • @d_all_in
      @d_all_in 17 วันที่ผ่านมา +1

      It costs half of your lifetime income. Why do Europeans not understand how taxes work?

    • @SusCalvin
      @SusCalvin 16 วันที่ผ่านมา +5

      ​@@d_all_inWe do. But sometimes chaps like to pretend they did not grow wealthy in this environment, and want to kick down the ladder they climbed.

    • @d_all_in
      @d_all_in 16 วันที่ผ่านมา +1

      @@SusCalvin but I keep seeing people say their education and healthcare is free when in reality they pay 50% income tax rates for life. I can't even imagine paying that much as an American, and my education and healthcare cost significantly less than that.

    • @md-gn3yf
      @md-gn3yf 16 วันที่ผ่านมา +8

      @@d_all_in I'm not sure that Americans pay less taxes. If you are in the top income tax bracket, you pay 40-45% including federal, local and state taxes based on where you live. In Germany, you pay 45% in the top bracket, there are no local or state income taxes. Further, in Germany, the social security contributions are limited to the first 90k annual income. In the US the limit is 168k. So someone making 200k in California pays more in total taxes than someone making 200k in Berlin.

    • @d_all_in
      @d_all_in 16 วันที่ผ่านมา

      @@md-gn3yf Great point, consider me educated

  • @BigCat-z4k
    @BigCat-z4k 14 วันที่ผ่านมา +322

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      @zuzanidumile8984 13 วันที่ผ่านมา +1

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  • @MargaretWest-m8u
    @MargaretWest-m8u 15 วันที่ผ่านมา +388

    After facing significant challenges, I learned two crucial lessons about the stock market: it played a major role in the Great Depression, and the quickest way to make a million in the market is to start with two million. The Great Recession only reinforced these insights. In hindsight, I wish someone had guided me earlier. A well-defined entry and exit strategy is essential for success in the stock market.

    • @FerdLerd
      @FerdLerd 15 วันที่ผ่านมา +1

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    • @FrankJaaay
      @FrankJaaay 15 วันที่ผ่านมา +1

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    • @Toni__Michelle
      @Toni__Michelle 15 วันที่ผ่านมา +1

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      @FrankJaaay 15 วันที่ผ่านมา +1

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  • @CMVBrielman
    @CMVBrielman 17 วันที่ผ่านมา +61

    10:22 Fumes? You mean… water vapor?

    • @kashmir883
      @kashmir883 17 วันที่ผ่านมา +7

      right?

    • @mikitz
      @mikitz 17 วันที่ผ่านมา +12

      The thing is, fumes are scary, vapor isn't. Besides, it's just as radioactive as your potato boiling water, but we wouldn't want the public to think that, now would we.

    • @aratilishehe
      @aratilishehe 17 วันที่ผ่านมา +6

      Yep. The scripts on this video and the one about tech bubbles are pretty bad. I wonder if they got new writers.

    • @shortysmall
      @shortysmall 17 วันที่ผ่านมา +2

      I was just about to say something about that, glad I was the only one to notice

    • @Chrism-xn3un
      @Chrism-xn3un 17 วันที่ผ่านมา +1

      Came to the comments for this.

  • @alexanderveritas
    @alexanderveritas 16 วันที่ผ่านมา +19

    _”Some folks are born silver spoon in hand_
    _Lord, don't they help themselves, Lord?_
    _But when the taxman come to the door_
    _Lord, the house lookin' like a rummage sale, yeah”_

    • @harounk8849
      @harounk8849 16 วันที่ผ่านมา +2

      What song?

    • @enriquerehouma
      @enriquerehouma 15 วันที่ผ่านมา

      @@harounk8849 Darude - Sandstorm

    • @SounakDas-zb3xc
      @SounakDas-zb3xc 15 วันที่ผ่านมา +1

      ​@@harounk8849Fortunate Son by CCR

    • @corporalcorgi4948
      @corporalcorgi4948 15 วันที่ผ่านมา +1

      @@harounk8849 Fortunate Son by Creedence Clearwater Revival.

  • @apologiesinadvance4131
    @apologiesinadvance4131 16 วันที่ผ่านมา +13

    Nuclear power plants don’t produce fumes that’s water vapor not pollution

  • @Dave_Sisson
    @Dave_Sisson 16 วันที่ผ่านมา +16

    I was with him until the Breaking Bad references, which left me confused. Video makers should remember that not everyone watches the same TV shows that they do.

  • @thomas316
    @thomas316 3 วันที่ผ่านมา +2

    As someone who doesn't understand fashion can I ask, these brands are clearly very valuable which indicates it's difficult for new brands to enter the market, but why? It's clear to me there is something that prevents new design houses from being established.

  • @modfus
    @modfus 16 วันที่ผ่านมา +13

    The problem with Arnault is he is a man of little authentic culture or gentlemanly conduct. At heart he is simply a megalomaniac with a thoroughly bourgeois attitude (a materialistic social climber). He has a knack for taking once aristocratic brands and turning them into tacky garbage for the nouveaux riches (like himself). Thank God he hasn't got his mits on Chanel or Hermès.

  • @billhwangg
    @billhwangg 5 วันที่ผ่านมา

    When u thought youtube was dead i find this channel
    Perfect way to start the yaar

  • @ScorpKing215
    @ScorpKing215 14 วันที่ผ่านมา +5

    Stop buying that crap let’s see how his money will grow

  • @zannahmoberly3018
    @zannahmoberly3018 13 วันที่ผ่านมา +1

    The tiniest mention of buying Tiffany & Co in 2020. That was huge for him and LVMH. He was able to control the Asian market by buying (and then trying to lower the price) of The luxury brand there.
    It’s quite interesting if you look into it.

  • @sngs9565
    @sngs9565 15 วันที่ผ่านมา +5

    To be happy, you live hidden - French proverb

  • @alonewolf2111
    @alonewolf2111 13 วันที่ผ่านมา

    amazing!! We want more fashion stories!

  • @CoolHand273
    @CoolHand273 17 วันที่ผ่านมา +32

    The irony no one sees is that poor people ruined luxury. It was a lot cheaper to have luxury back in the day. Now so many poor people want a taste brands need to keep upping the game and make things more and more expensive while providing minimal incremental increases in luxury and exclusivity in order to compensate.

    • @westrim
      @westrim 17 วันที่ผ่านมา +11

      Really? Pray tell how poor people are propelling yacht growth.

    • @giladpellaeon1691
      @giladpellaeon1691 17 วันที่ผ่านมา +3

      Sounds like the flip side of the tragedy of the commons.

    • @CoolHand273
      @CoolHand273 17 วันที่ผ่านมา

      @@westrim Ok so when fake influencers or poor people bandy about in say designer clothes they can't afford or go to a yacht show and pretend they own the yacht they increase the "ubiquity" of luxury and make actual wealthy people need to spend more to "outdo" marginal people. Of course not all truly wealthy people care about this but in aggregate poor people participating or pretending to participate in such a flagrant manner raises the bar for all other participants legitimate or not. For example Rolex used to be cheap and available. Now poor people are buying them as a form of "investment" prices are raised and more and more expensive brands have to get created to make previously wealthy people feel poor.

    • @stuartcarter4139
      @stuartcarter4139 17 วันที่ผ่านมา +2

      @@westrimby buying expensive flower water from dior

    • @Shullf2011
      @Shullf2011 16 วันที่ผ่านมา +2

      sounds like something a poor person would say

  • @a.k8069
    @a.k8069 17 วันที่ผ่านมา +15

    You didn't pronounce Bernard or Arnaut correctly, but the attempt was well appreciated 🙏👍

  • @jims8828
    @jims8828 15 วันที่ผ่านมา +1

    The growth of the nearly content-free luxury market since the 1990's has been the result of shipping American middle class jobs to overseas cheap labor, creating a massive number of suddenly rich factory bosses overseas, then having them leverage debt on real estate bubbles. The entire market is imploding with the (formerly) third world real estate imploding and global trade being slowed down killing the 3rd world sweatshops, whoses bosses have stopped buying Porsches, LVMH, and etc.. All those brands were on the verge of bankruptcy circa 1990.

  • @ricardopetrere
    @ricardopetrere 16 วันที่ผ่านมา +1

    15:41 "Internal conflict prevailed"
    That's the frenchiest thing to happen kkkk

  • @KATBOI667
    @KATBOI667 22 ชั่วโมงที่ผ่านมา

    what's with the weird black fragments at 8:46 in the taxi scene?

  • @redstream1237
    @redstream1237 15 วันที่ผ่านมา

    We need how money works to remake this video

  • @Tripple_Threatt92
    @Tripple_Threatt92 16 วันที่ผ่านมา

    Great video! Nuclear power plants don’t pump out fumes, it doesn’t burn hudroarbons

  • @BourgeoisBoys
    @BourgeoisBoys 16 วันที่ผ่านมา +3

    These people are not saviours! They are opportunists!

  • @giladpellaeon1691
    @giladpellaeon1691 17 วันที่ผ่านมา +4

    If you read the Economist you've heard of him.

  • @avskardi
    @avskardi 16 วันที่ผ่านมา +1

    Believe me: Arnault IS a “household name” in Europe… especially in French-speaking cuntries… Maybe bc his name to hard to utter for foreigners and non-natives? Ahhaa😅
    Btw, ur pronunciation of his name is great! (Nearly) on point! Bravo 🙌

  • @hubertusvenator5838
    @hubertusvenator5838 14 วันที่ผ่านมา

    This video is not exactly a Harvard Business School case study.

  • @ZaneUna
    @ZaneUna 13 วันที่ผ่านมา

    Great analysis, thank you! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

    • @fed3157
      @fed3157 12 วันที่ผ่านมา

      Delete this

  • @JamesJansson
    @JamesJansson 3 วันที่ผ่านมา

    3:33 he should ask his sons if their literature teacher was up to no good.

  • @Unknown31212
    @Unknown31212 16 วันที่ผ่านมา +1

    Ahhh to be untalented and wealthy, instead im untalented and broke.

  • @yoderandre
    @yoderandre 5 วันที่ผ่านมา

    Nuclear power plants only produce steam. So using the word fumes is a mischaracterization

  • @UkpeneBlessing-v9y
    @UkpeneBlessing-v9y 16 วันที่ผ่านมา +16

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    • @UkpeneEmma
      @UkpeneEmma 16 วันที่ผ่านมา

      I'm 37 and have been looking for ways to be successful, please how??

    • @UkpeneBlessing-v9y
      @UkpeneBlessing-v9y 16 วันที่ผ่านมา

      Sure, the investment-advisor that guides me is..

    • @UkpeneBlessing-v9y
      @UkpeneBlessing-v9y 16 วันที่ผ่านมา

      Elizabeth stark

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      @ghazanferfazli7335 16 วันที่ผ่านมา

      Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

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      @BnazerriKhiid 16 วันที่ผ่านมา

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  • @BlackJesus8463
    @BlackJesus8463 17 วันที่ผ่านมา +3

    I'm so fancy!

    • @epbrown01
      @epbrown01 16 วันที่ผ่านมา +1

      We already know.

  • @djpalindrome
    @djpalindrome 15 วันที่ผ่านมา

    Nuclear power plants do not “pump out fumes”

  • @leverage2279
    @leverage2279 9 วันที่ผ่านมา

    How are voting rights computed?
    In the video, it said Arnault acquired 43.5% stake in the company with 35% voting rights. Why not 43.5% voting rights too?

  • @rogersliu1200
    @rogersliu1200 16 วันที่ผ่านมา +2

    cannot believe a luxury bs worth more than ASML lol. =

  • @xensan76
    @xensan76 16 วันที่ผ่านมา +6

    Correction: It's poor people that actually buy luxury brands

  • @CharlyCD93
    @CharlyCD93 17 วันที่ผ่านมา +13

    All the waste, the capital, the resources, the man power, all just waste.

    • @JohnnieAshton
      @JohnnieAshton 17 วันที่ผ่านมา

      Yeh of course you would have every one of those companies go Bankrupt just like every NASTY Socialist.
      Go away, employ people, and be successful, then criticise others, you silly hate filled fool.
      Never think bad of those employing others.

  • @andrewdunbar828
    @andrewdunbar828 16 วันที่ผ่านมา +1

    9:34 is that $7 million or $17 million?

  • @BB-zi5wi
    @BB-zi5wi 16 วันที่ผ่านมา

    3:33 🤣🤣🤣🤣 smth 2 b really proud of 🤣🤣🤣

  • @dzi333
    @dzi333 16 วันที่ผ่านมา

    Why the assumption that everyone watches Netflix branded series?

  • @emagoutard2576
    @emagoutard2576 15 วันที่ผ่านมา

    Je suis pas sûre que son chocolat avec les fèves africaines, ça marche

  • @Eleven145
    @Eleven145 16 วันที่ผ่านมา +7

    The left wingers in the comment section are so resentful that by just reading their comments you know they will never be rich, being rich does not make you happy we all know that, but damn not being rich make these people a hell of a more resentful.

    • @pepper0075
      @pepper0075 16 วันที่ผ่านมา

      Hmmm yes yummy yummy boots

  • @rocketpod1
    @rocketpod1 11 วันที่ผ่านมา

    Nuclear power plant fumes lol, you mean water vapor

  • @Short..
    @Short.. 16 วันที่ผ่านมา +1

    the mixing of breaking bad makes this confusing and stupid please never do that cr*p again

  • @leoskiii5860
    @leoskiii5860 16 วันที่ผ่านมา

    I’m so confused what’s wrong with buying steaks as a takeover instead of an investment? Also, what does it matter if he buys all the non family shares in the company he wouldn’t have the majority vote. The family owns the rest well over half am I missing something here?

  • @Kisaragi_desu
    @Kisaragi_desu 14 วันที่ผ่านมา

    How many times will you repeat his name? The whole script seems to be written by an AI

  • @awhs5435
    @awhs5435 16 วันที่ผ่านมา

    He's a seller, selling to buyers who are broke people trying to play catch up

  • @shankarbalakrishnan2360
    @shankarbalakrishnan2360 17 วันที่ผ่านมา

    Would u make a dior perfume for me smelling heavenly❤❤🎉🎉

  • @Cynthiajoy2050
    @Cynthiajoy2050 16 วันที่ผ่านมา +90

    For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time

    • @Cynthiajoy2050
      @Cynthiajoy2050 16 วันที่ผ่านมา

      Anyone who's not in the financial market space right now is making a huge mistake. Simply get a coach and make your money work for you

    • @AvivaAgnes
      @AvivaAgnes 16 วันที่ผ่านมา

      What opportunities are there in the market, and how do I profit from it?

    • @Cynthiajoy2050
      @Cynthiajoy2050 16 วันที่ผ่านมา

      You can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well positioned.

    • @YoungWillow36
      @YoungWillow36 16 วันที่ผ่านมา +1

      Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

    • @BarbaraMia60
      @BarbaraMia60 16 วันที่ผ่านมา +2

      How can i reach this Tracy Britt Cool Consulting, I will like to benefit from her good work. How to reach her pls

  • @cindybalog7318
    @cindybalog7318 15 วันที่ผ่านมา

    BeastMasterGreedBrainTrained UnfashionableCreHater💀

  • @edmundtan1314
    @edmundtan1314 15 วันที่ผ่านมา

    Too bad he can’t get his hands on hermes

  • @eya041
    @eya041 10 วันที่ผ่านมา

    You tried so hard to sound like you knew how to pronounce french words yet did not know Moët is pronounced with a hard T.

  • @scoobydoo5447
    @scoobydoo5447 13 วันที่ผ่านมา

    Billionaires are not the richest people. The Saudi prince has net worth in the trillions.

  • @khalidalali186
    @khalidalali186 16 วันที่ผ่านมา +1

    I have yet to meet one wealthy person that buys any of LVMH products. It’s mostly the middle class that does.

  • @shankarbalakrishnan2360
    @shankarbalakrishnan2360 17 วันที่ผ่านมา +2

    Rise of bernie and dior ❤❤🎉🎉long live

  • @cheesecakecartel5022
    @cheesecakecartel5022 16 วันที่ผ่านมา

    I hope you stress the same effort when pronouncing names from other cultures. Great video by the way……

  • @dleetr
    @dleetr 15 วันที่ผ่านมา +1

    There should be hundreds of thousands of ateliers across the planet, filled with local artisans producing everything from fashion, to workwear. People should be proud of and fiercely loyal to their regional industries. There's certainly enough money sloshed about to support this, these global mega corps are just picketing the difference as obscene profits. So there just needs to be a mindset shift back to shop locally. This was occuring in the 90s u food as well as fashion, but they tightened the economic screws and crushed the trend which was a bottom up process.

    • @kimnoir
      @kimnoir วันที่ผ่านมา

      Fiercely loyal? So the small local shops we support become those big nationwide, maybe even worldwide, brands?

    • @dleetr
      @dleetr วันที่ผ่านมา

      @@kimnoir Your rebuttal doesn't make sense and is in no way related to my argument. The person in the town over won't be buying the product made by the artisans in your town. Unless it's a particularly special product, there should be no need to. And you know, eventually we'll be able to produce things in our garages using raw materials. The age of centralised distribution is getting it's funeral pyre stacked up and the behaviour of the parasites that run these systems, is accelerating that process.

  • @ageofechochambers9469
    @ageofechochambers9469 16 วันที่ผ่านมา +2

    Hysterical title....
    But very true

  • @Rockaa63
    @Rockaa63 วันที่ผ่านมา

    Whats with the victim mentality in the comments? Its depressing to read

  • @TheHeretiCan
    @TheHeretiCan 17 วันที่ผ่านมา +3

    so he scams stupid rich women and tries to go in big boys club and gets rejected.

    • @stuartcarter4139
      @stuartcarter4139 17 วันที่ผ่านมา +1

      it doesn't matter whenever everyone else wants to be in his club lmfao

  • @Wondermanknows
    @Wondermanknows 16 วันที่ผ่านมา

    this video isn't well done tbh, I've seen many others on the same topic

  • @Arch_Dornan
    @Arch_Dornan 14 วันที่ผ่านมา

    Algorithm comment

  • @kevnev342
    @kevnev342 16 วันที่ผ่านมา +1

    Why strive for riches when you can immerse yourself in cosplay and pretend to be.

  • @AncientRylanor69
    @AncientRylanor69 9 วันที่ผ่านมา

    p

  • @krellin
    @krellin 16 วันที่ผ่านมา +1

    getting rich is easy, make sure you're born in a rich family, get very expensive education and have nothing else to do with your time than grow your wealth...

    • @Mazeballz
      @Mazeballz 16 วันที่ผ่านมา

      Make sure to pay 20- 5 percent down on house lmao don’t hate on rich people when you are one of them too

  • @beverlyburke-majcen4782
    @beverlyburke-majcen4782 15 วันที่ผ่านมา

    👏

  • @JasonBrown-zp8tx
    @JasonBrown-zp8tx 16 วันที่ผ่านมา +1

    Bernard Arnault is a real life Superman.
    what an interesting investor.
    I don't personally see the reason for a controlling ownership and sticking with one industry,
    accept maybe the thrill like competing for a gold medal maybe?
    So i won't be immitating his work, but I admire and deeply respect him. He definitely deserves the gold medal.
    Very fun. Thank you for making this video

  • @KarlaKloppstock
    @KarlaKloppstock 16 วันที่ผ่านมา +2

    So in essence, France still has kings and queens, supporters of right-wing politics (Arnaud, Bettencourt, pitting the people against each other. Sucks.

  • @joshuatabke6893
    @joshuatabke6893 16 วันที่ผ่านมา +1

    I prefer the coco story, doing underhand deals with the nazis to whack her business partners. What a hitta

  • @lordjoey9505
    @lordjoey9505 4 วันที่ผ่านมา

    Dude coming with excuses for his failures in the US.. it’s like an American business man trying to be as successful on foreign soil.
    It’s less likely, duh

  • @TeranceJakubus1517
    @TeranceJakubus1517 15 วันที่ผ่านมา +62

    For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time

    • @Johnny.503
      @Johnny.503 15 วันที่ผ่านมา

      Investing in stocks is planting a tree for your future; with patience, it will bear fruit

    • @Cynthiajoy2050
      @Cynthiajoy2050 15 วันที่ผ่านมา

      I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

    • @TeranceJakubus1517
      @TeranceJakubus1517 15 วันที่ผ่านมา

      Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $75k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

    • @BarbaraMia60
      @BarbaraMia60 15 วันที่ผ่านมา

      Please can you leave the info of your Investment advisor here? I'm in dire need for one

    • @TeranceJakubus1517
      @TeranceJakubus1517 15 วันที่ผ่านมา +1

      Tracy Britt Cool Consulting... has always been at the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.