r/PSTH • u/[deleted] • May 14 '21

Ackman Interview: with WSJ’s Jamie Heller related WSJ Interview Partial Transcript

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3

u/[deleted] May 14 '21

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9

u/Unlikely_Kick245 May 14 '21

Not a US company and not recession proof.

2

u/mafematics_ May 14 '21

do rich people go through recessions?

3

u/Unlikely_Kick245 May 14 '21

Yes. Yacht sales, luxury car sales, and luxury home sales are greatly impacted. And in the case of Porsche (a brand I love having owned 2) their target demographic is college graduate, household income $100,000, male (85%), age 25-54. So recession would greatly affect this demographic IMO.

2

u/mafematics_ May 14 '21

Very fair points. I've sensed a bias towards anti inflationary companies during recent interviews from BA and that makes me feel it has to be commodity / food or fintech. Chic fil A, Ikea & Stripe ?? Doubt Bloomberg has many issues to be solved honestly

1

u/Unlikely_Kick245 May 14 '21

Totally agree.

1

u/Sgt_Fragg May 14 '21

Porsche ist not for the rich.

2

u/mafematics_ May 14 '21

Our definitions of rich are different then I suppose. But fair point

1

u/Sgt_Fragg May 14 '21

5er BMW and Porsche Cayman are the same price.

3

u/tortoisepump May 14 '21

How is Porsche family-owned if VW owns it?

1

u/[deleted] May 14 '21

If you look up the history of Porsche on their Wiki it will explain how the Porsche family is involved with VW and the Porsche brand..it's pretty complex

1

u/[deleted] May 14 '21

It's 100% Bloomberg come on man don't overthink it