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Stocks Are Overbought, so What? | WAYT
The Compound and Friends
The Best Business There Is
Beauty is resilient to economic uncertainty. The only time this chart went down was when we were all stuck at home. It's the best business there is. Even if you win, LVMH is like 40, 50% margins. There's almost no other business that good on earth other than maybe Apple and Microsoft. If they discount their dumping stuff on TJ Maxx, they're doing so in such small amounts. They would do what coach did a generation ago and crush the cachet of the brand.
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