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Nicole Lapin

πŸ‘€ Speaker
See mentions of this person in podcasts
6799 total appearances
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Podcast Appearances

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Can you explain how and why you started the first ever Hermes dedicated investment fund?

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Sure.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Those are not tiny dollars to me.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Those are many dollars to me.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

But then how does somebody invest in that fund?

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

So you don't actually ever take possession of them.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

You say they're at the secondary retailer.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

So being an accredited investor just basically means you self-attest that you have a certain amount of money, which is what now?

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

200,000 person and I think 300 couple.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

And basically it's a self-attestation.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

You should tell the truth.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

And it shows that you are comfortable with this level of risk and that you would be okay if you lost all of this money, essentially.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

So regular people can't invest?

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Let the people in, Donna.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Yeah.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Let the ladies in.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

We're still small.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

We're a small little group.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

Yeah, one day.

Money Rehab with Nicole Lapin
Are Birkins Better Investments Than the Stock Market? The Truth About Luxury Investing with Dana Auslander

But, you know, a year ago, a lot of people started arguing that investing in Tesla was like a proxy.