reSee.it - Tweets Saved By @mastersinvest

@mastersinvest - MastersInvest.com

‘To succeed in economic life, it is not enough to be intelligent. What is necessary is to combine intellectual abilities with solid common sense, a taste for the concrete, and above all a sense of leadership, the ability to lead high-level teams. As one of my professors told me, to make a company sublime, you also have to be able to have ordinary people do extraordinary things.’ - Bernard Arnault

@mastersinvest - MastersInvest.com

‘Success, for an entrepreneur, is leading a company that develops, that gains market share, that manages to bring together a team. This is what has always stimulated me, more than the strictly material aspect.’ - Bernard Arnault #obliquity

@mastersinvest - MastersInvest.com

‘Money has never been, in my eyes, an objective or even an indicator of any significance.. Investing in a company has a meaning for me that completely transcends the material, it means investing in a team & doing everything so that this team comes out on top.’ - Bernard Arnault

@mastersinvest - MastersInvest.com

‘The brands created in the US are, for some, very strong. Their success took 20 yrs, that is to say a generation. Certainly, some of them are fantastic brands. But they do not have the mythical dimension that Dior or Louis Vuitton - these have a history the Americans don't have.’

@mastersinvest - MastersInvest.com

‘The formation of (our) group makes it possible to rely on classic operational synergies which offer significant economies of scale (legal services, accounting services, logistics problems, etc.) to manage the whole in an economical & rational manner in order to lower costs.’

@mastersinvest - MastersInvest.com

‘… Synergies also work upstream on purchases of certain products, as well as on advertising. Our group has become the world's leading buyer of advertising in the luxury sector, which allows us to obtain preferential rates.’

@mastersinvest - MastersInvest.com

‘What seems perfectly useless to me, is what certain large industrial groups have done for years - strategic plans, developed at central level which are imposed on the subsidiaries. That's not how we operate at all. This centralizing approach destroys the entrepreneurial spirit.’

@mastersinvest - MastersInvest.com

‘American companies have other flaws. The main thing, when they are listed on the stock exchange, is to be too tied to quarterly results. However, it is difficult, for a business like ours, to be permanently focused on the current quarter while we are building a brand for the next twenty years. In the United States, this sometimes leads to short-sighted decisions taken to the detriment of the long-term interest of the company.’

@mastersinvest - MastersInvest.com

‘High level executives have the right to make mistakes, they don't have the right to fail. Mistakes are inevitable, everyone makes them. You have to accept them. These are often very formative experiences. What is not acceptable are repeated mistakes that turn into failure.’

@mastersinvest - MastersInvest.com

‘The element of uncertainty always exists in a large-scale undertaking like (buying Dior parent). But we had studied, as we always do, the “worst case scenario”. We had invested a very important sum for us, 100 million, but if we had lost it, we would still have survived. This was the maximum risk we could expose ourselves to at the time.’