Aug. 26 at 10:08 PM
$NKE dude on Reddit, clever stuff: “They’ll be fine and then everyone will act like they knew they were a top brand all along. They have such insane cultural relevance but the investor demographic just has no idea about urban/street culture, apparently.
Nike is an example of investors projecting out current conditions into infinity, and not understanding that even great businesses have cycles — ESPECIALLY in fashion. (But yes, their d2c and china issues compound the down cycle.)”