Intern Pierre (not his real name) is a professional investor who runs an eponymous Substack where he deftly dissects the smoke and mirrors put up by the luxury sector. His specialty is sharing access to privileged, investment grade information that lay people are usually not privy to. On his first ever podcast appearance we discuss the importance of reading a financial statement, on the insolvable paradox of exclusivity and constant growth, on the unraveling of the luxury fashion narrative, a...