Leandro González-Sicilia - Multi-Generational Family Businesses, Luxury Investing, Hermès

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I welcome Leandro of Best Anchor Stocks to Gentleman Speculator. Leandro is the co-founder of an investment research service and an equity analyst I deem worthy of paying attention to. We discuss the value of multi-generational family businesses, focusing especially on Hermès. Despite challenges, there is a small subset of public companies where being family controlled is a benefit. We talk luxury investing, how luxury brands are a reflection of human nature, and a contrast between European and American markets.

Leandro's work is thoughtful. He’s a deep researcher, and a bottom-up, long-term investor who avoids the noise.

Great Indoors - John Mayer

01:28 Meet Leandro

08:09 Debunking Common Investing Tropes

12:26 The Timeless Appeal of Luxury Brands

15:27 Luxury and Social Status

22:58 Hermès

31:08 On Family-Owned, Publicly Traded Businesses

Author

Andrew Flattery, CFP®

Andy Flattery is a CERTIFIED FINANCIAL PLANNER™ and Owner of Simple Wealth Planning. He serves young and affluent families that are working to lower their time preference and achieve financial sovereignty. Flattery is the host of The Reformed Financial Advisor Podcast, where he relates stories in Kansas City history to pivotal themes in personal finance. When he’s not helping individuals build wealth, you can catch him playing rec sports, reading Austrian economists, and spending time with his wife and three children.