The Importance of Consistency in Investment

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In the early 2000s around 2002, J. Crew had a crisis and all that profit dried up fast. Mickey Drexler was brought in to save the company by private equity firm TPG. But it didn't work out very well for him; he's still furious about what happened at Gap.

How did Oxford shirts, cashmere sweaters, and chinos become staples of American fashion? How did a style born on Ivy League campuses make its way into the mainstream? What does the way we dress say about who we are?

To answer those questions, our producer, Caleb, sat down with Avery Trufelman, host of the podcast "American Ivy," and Maggie Bullock, author of the new book "The Kingdom of Prep: The Inside Story of the Rise and (Near) Fall of J.Crew."