>>20079044LVMH weights will definitely weight the index down. I have some (not enough) and I'm up bigly on it, it would had to shit hit the fan for me to lose money with LVMH at this point.
Still, I'm not too worried for its long-term future. It's priced high, but really, there are two constants in the universe : 1) inflation always finds itself in the results of companies earnings and luxury sector can pass in that inflation without any problem in its goods prices, and the most important being 2) there will always be more rich retards that desperately need to show off they're winning at life. Especially from developing countries.
That last point is nothing new, has been said again and again and feels like a broken disk record at this point, but it's a powerful catalyst that never failed, and will never fail. Don't ask me why they want these gaudy overpriced shit, but they just want it. It's a constant of the universe. And this constant will only go up, much like mankind's stupidity.
