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capableweb

Just to back up what you're saying with data:

LVMH - Revenue by key regions - https://www.lvmh.com/investors/profile/financial-indicators/...

- Asia - 23,785 M€ revenue

- United States - 21,542 M€ revenue

- Europe - 12,717 M€ revenue

- Other markets - 9,632 M€ revenue

- France- 6,071 M€ revenue

- Japan - 5,436 M€ revenue

Isn't it funny that the country that supposedly is the biggest innovators in the world, are one of the biggest consumers of luxury goods?

Who is the fool here really, the one who sells the luxury goods, or the ones that buy it?

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>Isn't it funny that the country that supposedly is the biggest innovators in the world, are one of the biggest consumers of luxury goods?

Not really. That's exactly what you'd expect, since the ones that innovate have the money to buy luxury goods.

>Who is the fool here really, the one who sells the luxury goods, or the ones that buy it?

Talking about fools, since Tesla is apparently also an overhyped luxury company, who is the real fool here: the ones who make it (the US) or the ones who buy it (Europe)?

That would mean that Asia is the greatest innovators, by that metric. Do you agree with that?

Given that 'Asia' is multiple countries and has upwards of 4.7B in population vs the US being a single country and having a population closer to 336M, I'd say that using the raw sales numbers as a measuring stick might be a bit off.

If we substract Japan, which is listed individually, you still have ~4.5B in Asia. That's €5.28/person in Asia (-Japan) vs €64.01/person in United States.

[1] https://www.worldometers.info/world-population/asia-populati...

[2] https://www.worldometers.info/world-population/us-population...

"Tesla is apparently also an overhyped luxury company"

From a practical perspective Teslas are simply better daily drivers than other cars.

Whether their price premium, wrt gas powered cars, is justified is a judgement call. I would say yes, but YMMV.

I was going to say... seems like there's a whole lot of LVMH stores in Bellevue. Must be unrelated

Bellevue === Little Peking

Thanks! I did not have the exact numbers on hand.

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