Hello Guy, I don’t think Charlie Munger would fully agree with this article—nor would Buffett. I say this because, in one of the last interviews Munger gave alongside Buffett, he mentioned that he loves Hermès, but not its price.

Moreover, Buffett has said on numerous occasions that he considers Apple to be a “luxury for fanatics.”

That said, I don’t view LVMH as a true competitor to Hermès.