David Rosenthal: belief

Transcript context

…The only other one I could see on here is once they hit escape velocity in the 1990s, scale economies is a big one. The reason why they truly are among the very highest quality watches in the world is because they throw their scale economies around. They do absolutely unreasonable things to engineer and build and test these watches that other people in the industry just can’t. And their leverage over retailers too. I think at the end of the day, though, I maintained that we can debate the semantics of luxury products, price points, et cetera. This company is managed by the best luxury companies, and that playbook exists outside of seven powers. I know. It is.…

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