TIP645: The King of Luxury: Bernard Arnault & LVMH w/ Christian Billinger

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 19 July 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay is joined by Christian Billinger to discuss Bernard Arnault, LVMH, and the broader luxury industry. Christian is chairman of Billinger Förvaltnings AB, which invests in publicly listed equities. The firm seeks to generate attractive long-term total returns in real terms without employing financial leverage. Christian previously covered European equities for Cheyne Capital, Gartmore, and GAM in London. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:08 - What makes Bernard Arnault a unique business leader? 10:44 - What attracted Christian to make his initial investment in LVMH. 12:17 - A business overview of LVMH. 27:14 - The role of China in LVMH’s business and growth story. 48:32 - Christian’s thoughts on LVMH’s current valuation & risks in the business. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Christian’s investment firm. Tune into Stig’s pitch for LVMH. Books mentioned: The Luxury Strategy, Selling Europe to the World. Related Episode: Listen to TIP643: The Luxury Strategy w/ Christian Billinger, or watch the video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Briggs & Riley American Express The Bitcoin Way Public Onramp USPS Simon & Schuster SimpleMining Vacasa Shopify AT&T iFlex Stretch Studios HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	We've all heard about and studied the likes of billionaires like Warren Buffett, Jeff
0:06.9	Bezos, and Elon Musk.
0:08.8	But my guess is that many in the audience haven't heard too much about Bernard Arno, who is just as successful
0:14.8	of a businessman as all of these individuals. Mr. Arno has a net worth of over
0:20.0	$200 billion and he's quietly built the luxury conglomerate
0:24.3	LVMH out of France which has a market capitalization of over 350
0:29.4	billion euros which makes it one of the largest companies in Europe.
0:33.0	To learn more about Mr Arno and the empire he's built,
0:36.0	I've invited back Christian Billinger
0:38.0	who's followed the company and been invested with them for a number of years.
0:42.0	During this episode, Christian and I cover the similarities and differences between Arno and Buffett.
0:47.5	What attracted Christian to invest in LVMH, the role the Chinese marketplace for LVMH and their growth story.
0:54.0	How well LVMH follows the luxury strategy laid out by luxury experts.
0:58.0	LVMH's capital allocation decisions, valuation, risks, and much more.
1:03.9	This was a fun chat and a good continuation
1:06.3	of last week's episode with Christian,
1:08.1	where we discussed how luxury companies
1:10.1	are able to break all of the rules of capitalism, and yet they still thrive year after year.
1:16.1	With that, I bring you today's episode with Christian Billinger on Bernard Arno and LVMH. Celebrating 10 years and more than 150 million downloads.
1:29.0	You are listening to the Investors Podcast Network.
1:31.8	Since 2014, we studied the financial market and read the books that
	...

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