Rare interview with prominent figure Bernard Arnault. Discusses his visionary mindset in luxury industry, strategic approach to leadership, and importance of immersion in knowledge. Highlights LVMH success, China's economic boom, and acquisition of Tiffany & Co. Emphasizes being the best in luxury industry and future plans. Learn from Founders Notes and connect at Founder events.

What I learned from reading The Taste of Luxury: Bernard Arnault and the Moet-Hennessy Louis Vuitton Story by Nadege Forestier and Nazanine Ravai.----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes----Follow one of my favorite podcasts Invest Like The Best !----[1:16] I am the boss. I shall be here on Monday morning and I shall be running the company in person.[4:30] The Taste of Luxury: Bernard Arnault and the Moet-Hennessy Louis Vuitton Story by Nadege Forestier and Nazanine Ravai[5:01] I highly recommend listening to Acquired’s episode on LVMH. It is excellent.[5:16] Business Breakdowns episode LVMH: The Wolf in Cashmere’s Conglomerate[6:16] Napoleon: A Concise Biography by David Bell. (Founders #294)[6:18] Mind of Napoleon: A Selection of His Written and Spoken Words by Napoleon and J. Christopher Herold.[7:20] I’m not so dominant that I can’t listen to creative ideas coming from other people. Successful people listen. Those who don’t listen, don’t survive long. — Driven From Within by Michael Jordan (Founders #213)[9:00] “I am very competitive. I always want to win.” —Bernard Arnault[10:39] What I'm interested is in doing.[11:43] He believed in extreme discretion.[11:56] I Had Dinner With Charlie Munger (Founders #295)[16:17] Beneath his civilized appearance there lurked the spirit of an adventurer. He wanted more.[17:45] He wanted to go far. He had an iron will. At a laboriously won tennis match he said “I may lose once but I never lose twice.” —Bernard Arnault[19:45] Problems are just opportunities in work clothes.[23:30] Arnault remained inflexible. He wanted control. There was no question of his becoming the Willots’ partner.[24:15] Far from discouraging him, this consensus of opinion (that this would lead to failure) acted as a stimulus.[24:25] “I remember people telling me, it does not make sense to put together so many brands. And it was a success, it was a recognized success, and for the last 10 years now, every competitor is trying to imitate. I think they are not successful, but they try.” —Bernard Arnault[30:43] “In business, I think the most important thing is to position yourself for long-term and not be too impatient, which I am by nature, and I have to control myself.” —Bernard Arnault[33:35] He had such an appetite for victory and such a capacity for work that he was bound to succeed.[35:26] “People think of politicians having true power, but that’s less and less true. After all, they are often constrained or being edged into a corner by a whole series of contingencies ... I’m lucky in that I can say, ‘I want my group to be in such and such a situation in 10 or 20 years’ time’ and then formulate a plan to make that happen.” –Bernard Arnault[42:37] Those on the margins often come to control the center.[43:10] Invest Like the Best episode Doug Leone —Lessons From A Titan[48:31] Difference for the sake of it. In everything. Because it must be better. From the moment the idea strikes, to the running of the business. Difference, and retention of total control. — Against The Odds: An Autobiography by James Dyson (Founders #200)[1:01:20] My relationship to luxury goods is really very rational. It is the only area in which it is possible to make luxury profit margins.[1:02:45] Arnault wants to take power everywhere and immediately.[1:07:40] Arnault is an iron fist in an iron glove.----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

As Elon Musk's fortune dwindles to a mere $190 billion, a new oligarch has been crowned the richest person in the world: Bernard Arnault of France. On the episode this week, Cameron and Adam discuss how Arnault made his money and what his empire tells us about his home country.Also on the show: the economics of chocolate. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a thought-provoking discussion, Eliezer Yudkowsky, a leading thinker on AI, and billionaire Bernard Arnault delve into the misconceptions surrounding advanced superintelligences and their relationship to Earth. They explore the staggering reality that Earth occupies an almost negligible portion of the solar system, making it unlikely for ASIs to consider humanity's needs. Yudkowsky argues against naive assumptions about resource negotiation, highlighting the relentless nature of AI and the risks of unchecked superintelligence prioritizing its own goals over ethical considerations.

Christian Billinger discusses Bernard Arnault and LVMH, highlighting Arnault's leadership, attraction to LVMH, China's role in LVMH's growth, valuation, and risks. The episode delves into luxury industry insights, investment strategies, and future outlook.

Bernard Arnault, the visionary behind LVMH, shares his incredible journey from a young man in Roubaix to the CEO of the world's largest luxury goods company. He discusses the significance of brand heritage, innovation, and strategic acquisitions that fueled LVMH's rise. The conversation delves into contrasting business strategies of the '80s, his innovative decentralized management approach, and the balance of tradition with modern adaptation. Arnault also reflects on his philanthropic efforts and the controversies that accompany his hallmark aggressive tactics.

Joining the conversation are Bernard Arnault, the billionaire behind the luxury giant LVMH, and Cory Booker, a charismatic U.S. senator. They delve into the intricate dynamics of the global luxury market, discussing how it shapes American consumerism and its impact on social justice in France. There's a surprising dig into the cultural shifts as luxury moves from Japan to China, and an amusing recount from Booker about his own charm. Expect insights on politics, corporate accountability, and a sprinkle of humor!

In a rare talk, Bernard Arnault, chairman and CEO of LVMH, shares insights from Paris, where luxury meets sports. He discusses LVMH’s monumental $160 million sponsorship of the 2024 Olympics, aiming to elevate France’s creative image. Arnault reveals plans to showcase French artistry through medal design and uniforms while reflecting on changing consumer tastes. He also highlights an innovative collaboration idea with Elon Musk, illustrating the fusion of luxury and technology. Get ready to see this synergy in action at the Games!

Rare insights from Bernard Arnault, CEO of LVMH, on building a luxury empire with brands like Louis Vuitton and Dior. Explore his meticulous attention to detail, succession planning, and strategies for sustaining luxury brands in the competitive market.

French entrepreneur Bernard Arnault, head of luxury brand conglomerate LVMH, is profiled in this podcast. Topics include his rise to become one of the richest people in the world, boardroom dramas, hostile acquisitions, and his fortune of over $200 billion. The podcast explores Arnault's passions, achievements, and his unique management style. It also discusses LVMH's success in the fashion industry, as well as Arnault's real estate ventures and expansion of his company through acquisitions. The episode also explores Arnault's ruthlessness and his approach to grooming successors.