Aug. 24 at 5:17 AM
$LVMUY
I think I’m ready to bite & hold.
If I know Bernard Arnault there’s no way he’s not going to try his hardest to get the stock back to
$152.95 and then
$199.59
His Legacy + 50.01% stake won’t allow him to sleep well until he does.
This is classic back of the napkin setup called Ride the Wave of the Wealthy , not to be confused w/WoW, the game. Preserving Family Wealth is not a game; as the President.
Anywho…
A well used but rarely discussed reverse psychology trick in which you find a temporarily depressed asset in the portfolio of the 1%, LVMH, invest in the asset and watch your wealth rise as the unsuspecting 1% fights to maintain their own.
This is what the French commonly call Le Rusé & French Canadians called Le
$LULU until Chip sold 14% to PE in 2014
Bernard is a buyer, not a Seller; even better Trevor!
$BIRK