Not Investment Advice
211: NIA 4th Year Anniversary, Tariffs (Bond Yield, Apple/China), LVMH vs. Hermes, Rory Win & Best Comeback Stories
Apr 16, 2025
Celebrate four years of podcasting with the hosts as they reflect on memorable moments. Dive into the tangled web of U.S.-China trade relations and its effects on major brands like Apple. Explore the rivalry between LVMH and Hermes, including discussions on luxury marketing. Relish inspiring comeback stories, featuring Rory McIlroy's triumph and the lessons of resilience from various fields. With a blend of humor and insight, there's plenty to unpack about craftsmanship, storytelling, and market volatility.
01:10:28
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Quick takeaways
- The podcast's fourth anniversary highlights memorable moments and significant discussions that reflect the hosts' personal and professional growth over the years.
- A detailed examination of tariffs and their implications reveals the complexities of America’s economic strategies amidst China’s rising influence and market confusion.
Deep dives
Understanding Cost vs. Expense
The distinction between cost and expense is emphasized, with the idea that while something may be costly, it is not necessarily expensive. Cost refers to the value associated with making a product with quality and attention to detail, while expense conveys dissatisfaction with a high price tag for a subpar product. This perspective advocates that good quality often comes at a higher cost due to the labor and materials involved in its production. The phrase "buy cheap, buy twice" encapsulates this concept, suggesting that investing in quality ultimately saves money in the long run.
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