3Wk·

Luxury out again!

Even with luxury, there is no money to be made in the short term at the moment. So goodbye to $RMS (+0.17%) . In future, I should stay true to my motto and stay away from consumer goods of any kind.

28.01

UBS

UBS AG. London Branch Warrant 2024-open end on Hermes Intl

Sold x100 at €2.80

€280.00

12.45%

6 Comments

ShindyDeanMartin@ShindyDeanMartin

3Wk

Unfortunately, it's really tough at the moment.
Both $RMS and $RACE have really reduced the size of my wallet.
In the medium term, however, I believe in the recovery in the sector, especially $RACE is really interesting at the multiples.
I'm really thinking about going long here before the numbers come in

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Solitair@Solitair

2Wk

@ShindyDeanMartin Especially in the long term, I wonder how Ferrari will continue. The need for electrification runs counter to everything this brand stands for and I see this as yet another business model that is being destroyed for political reasons.
What a shame.

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ShindyDeanMartin@ShindyDeanMartin

2Wk

@Solitair Do you really think Ferrari will go under?
I think the brand image is already very strong and Ferrari's electric cars are sure to sell, and there is certainly a group of buyers for them.

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Solitair@Solitair

2Wk

@ShindyDeanMartin go under? I don't know. But at the moment I can't imagine how they can do better with these specifications. The heart of a Ferrari is the engine, you get the rest for free. Enzo Ferrari already said that.
Ferraris are not cars that you buy for rational reasons.
Revving up a Ferrari V8 or V12 generates certain emotions and passion that buyers have appreciated for decades. It's not about speed as such, but how it is experienced. I can't imagine these buyers developing the same passion for a soulless electric bug.
Mercedes, for example, has already experienced something similar and now offers its C63 as a four-cylinder. Objectively speaking, it's a technical masterpiece that can do everything better than its predecessor, but it just doesn't have a V8, which is why hardly anyone buys it.

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ShindyDeanMartin@ShindyDeanMartin

2Wk

@Solitair you're right, of course.
It's still a toss-up as to whether everything will turn out that way.

I am convinced of Ferrari as a company and I believe that they will be able to keep up with the changing times.

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nassimcanim@nassimcanim

2Wk

@ShindyDeanMartin 30x mutiple interesting? Race is still above FV level

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