Matthew Giampetroni
@matthewgiampetroni
Venture Capitalist at Velvet Sea Ventures
Matthew Giampetroni
Bernard himself continuously expresses that ‘creating desire’ is the most important part of what they are doing at LVMH
Punch Card Investor • LVMH and the Luxury Strategy
investing wisdom and
People buying premium or even super-premium like to justify every dollar by a return on investment. Premium means pay more, get more in functional benefits. Luxury is elsewhere: it signals the capacity of the buyer to transcend needs, functions, or objective benefits.
Punch Card Investor • LVMH and the Luxury Strategy
Money is not wealth. It's just something we use to move wealth around.
Paul Graham • How to Make Wealth
you demonstrated excellent curation ability, and that’s a high-status thing to have
Alex Danco • Positional Scarcity
Wealth is the fundamental thing. Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. You can have wealth without having money.
Paul Graham • How to Make Wealth
Most people are rather confident of their ability to recognize bullshit and to avoid being taken in by it
Harry Frankfurt • On Bullshit
I think the single biggest problem afflicting large companies is the difficulty of assigning a value to each person's work.