Evidence receipt / commitment
Published · transcript-backedDavid Rosenthal: commitment
20 Feb 2024 Acquired Hermès
“To identify Hermes at this point in time, and as we will see, he makes a Incredible amount of money on these trades, today, Hermes is a $230 billion market cap company, and he starts buying at below $10 billion.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 20 Feb 2024
- Publisher
- Acquired
- Episode
- Hermès
Transcript context
…That's 8%-9% of what it is today. When Bernard first starts buying in the early 2000s, it's below $10 billion. You could say lots of things about Bernard and genius should be top of your list, but he is one of the best investors of all time. To identify Hermes at this point in time, and as we will see, he makes a Incredible amount of money on these trades, today, Hermes is a $230 billion market cap company, and he starts buying at below $10 billion. Which is interesting. You say he spotted Hermes. It wasn't hard to spot. The interesting thing is not that he realized it was the crown jewel of luxury, it was that he realized that the crown jewel of luxury could be worth 20-30 times as much as it was already worth.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.