After much deliberation, I snapped up 5 Hermes shares today and added them to my portfolio!
In my opinion, Hermes has something that LVMH doesn't have: pricing power! Similar to Ferrari, if you want the product, you pay the price, no matter how high! I think LVMH has lost this advantage in recent years!
You can also see the difference when you go into the boutiques! LVMH, a lot of young people who want a taste of luxury and at Hermes, the reserved, really wealthy people! But as I said, just my opinion!
Also, Hermes has corrected almost 40% from its ATH, rare to get a stock like that at that price!
Best regards
