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Having drinks with my industrial sewing machine, before it goes into storage.
I worked in fashion after chef school, before finance... making me a prime housewife for 50s TV.
Fashion seems flakey, but finance bros are blown away when I explain how it relates to making money.
I worked in fashion after chef school, before finance... making me a prime housewife for 50s TV.
Fashion seems flakey, but finance bros are blown away when I explain how it relates to making money.
2/ Fashion is a system of trends, that work in a cycle.
A trend goes from haute couture (most expensive) -> high fashion -> bridge -> mainstream -> mass market -> thrift -> cool kids (cheapest), and repeat.
A trend goes from haute couture (most expensive) -> high fashion -> bridge -> mainstream -> mass market -> thrift -> cool kids (cheapest), and repeat.
3/ Haute couture is the stuff most of you will never own. Not just because it costs from $25k to $100k+ piece, but it’s comically exaggerated.
They aren’t meant to sell. It’s meant to get rich people excited. They recoup the losses of production through perfume and high fashion.
They aren’t meant to sell. It’s meant to get rich people excited. They recoup the losses of production through perfume and high fashion.
4/ High fashion is the expensive stuff you get at dept stores. It doesn’t sell a lot, but it promotes bridge and mass market clothes
Bridge and mass market is made in the same factory, but has different labels. Sometimes it’s exactly the same. You see where this is going?
Bridge and mass market is made in the same factory, but has different labels. Sometimes it’s exactly the same. You see where this is going?
5/ the trends just trickle down through the lines until it ends up in junk stores. Eventually some cool kids finds it at a thrift shop, rocks it, and it cycles up again.
How does this relate to making money? Well, early trends are ridiculous. They don’t seem right...
How does this relate to making money? Well, early trends are ridiculous. They don’t seem right...
6/ ... but the ultra rich gamble on them. Think of WeWork.
If it’s a success, they offload those products to rich people, that think of themselves as wanting to be close to trend.
By the time the average person is talking about something, it’s pretty close to trash.
If it’s a success, they offload those products to rich people, that think of themselves as wanting to be close to trend.
By the time the average person is talking about something, it’s pretty close to trash.
7/ by the time the avg person is holding an investment, they don’t get to sell it back to richer people. They need to hope there’s more people downstream.
If you miss it, sometimes it comes back in ten years. Sometimes it doesn’t, and you’re left holding junk.
If you miss it, sometimes it comes back in ten years. Sometimes it doesn’t, and you’re left holding junk.
8/ fashion, like any commoditized market, is the psychology of herd mentality.
Now, ask yourself next time you buy an investment... am I ahead of the curve, or am I buying after the mass market?
Now, ask yourself next time you buy an investment... am I ahead of the curve, or am I buying after the mass market?
And yes, that’s another oil painting of my cat behind it.
