Hermès, every mention
16 scenes (2023), the whole family · ← back to Hermès
tap a year for its mentions
every year 2023 anyone David Rosenthal 277Ben Gilbert 261Charlie Munger 4
Verbatim, from the transcripts: the passages where Hermès comes up
Charlie Munger (Audio) · Acquired
- ▶ 32:32 Charlie Munger Well, I suppose if it would be Hermes at the cheap enough price, I'd buy it.
- ▶ 33:01 David Rosenthal Hermes is on the eighth generation.
- ▶ 33:03 David Rosenthal I think now the family running it.
- ▶ 33:08 Charlie Munger They have meetings every day where they make policy decisions and they choose the locations one at a time and it's work.
- ▶ 33:17 Ben Gilbert What do you think the durable value is in these, as you say, style companies of the very best one in the world, the Hermes or the LVMH, what makes them enduring?
- ▶ 33:36 Ben Gilbert Our conversation then turned to comparing Kirkland Signature as a brand to Hermes.
- ▶ 33:45 Charlie Munger And Hermes is a different kind of a brand.
- ▶ 36:06 unnamed speaker So there are categories like C's or like Hermes where brands lead to pricing power.
- ▶ 36:23 unnamed speaker You're not going to get a chance to buy Hermes.
- ▶ 1:01:37 Charlie Munger St.
Nike (Audio) · Acquired
- ▶ 3:20:41 Ben Gilbert LVMH and Hermes got them beat.
- ▶ 3:22:29 Ben Gilbert Hermes is a 71% gross margin business.
Porsche (with Doug DeMuro) · Acquired
- ▶ 2:46:17 Ben Gilbert Ferrari is Hermes.
- ▶ 2:46:20 Ben Gilbert And I think that this whole time I, while researching, I just had this like broken thing in my brain where I was like, how, how do they make so much stuff when they're Hermes and they're not Hermes?
- ▶ 2:46:32 Ben Gilbert They were once Hermes, but as soon as they started making the SUVs, that's not who they are.
Spotify CEO Daniel Ek · Acquired
- ▶ 1:35:00 David Rosenthal I love this as a final thought from you because, uh, it so matches, uh, something that surprised us from the LVMH episode is just like all of those brands, which are like, you know, the most iconic things, you know, both owned by LVMH and…