Michelle Richard (Soon to be Kostecki!)

Abstract Painter 🎨 | Runner 👟| Dog Mom 🐾 | Gardening Obsessed 🌸
New(ish) to Twitter! 🙃
Bizzz Development Manager @wealth_mgmt

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@ShannonRosic Omg Shannon this just made my day!!! I LOVE it! Will now be galloping my way to Hollywood, Florida for EDGE 😊🐎

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@AaronKlein This is absolutely bonkers. I just can't even fathom that this is really happening..

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@ShannonRosic Beyond excited for this at EDGE and so excited for you to moderate this!!

[Inside Gymnastics @InsideGym]

Beautiful full twisting Jaeger from Suni!!! #WinterCup

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@Simone_Biles I've designed and worked on the production for specialty tall stores such as Alloy Apparel and Amalli Talli. I've never worked on a petite line, but we should make a brand!

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@danielcrosby Purchasing! 🙂 Will add to my Daniel Crosby collection!

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@anthonystich @advyzon @netjesmark @john_mackowiak C! Then after you say C and she continues to ask, you respond with B 😂

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@TorieHappe @UMich I believe we might be looking for something like this in our research department. Let me check with our team!

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@ShannonRosic @AndresMazabel @AdvisorEngine Hahaha omg I'm laughing so hard at these comments.

What a fun idea!

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@SamanthaTwenty Awwww, Samantha... I'm so sorry.

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@acketyack Absolutely!! Nothing exceptional ever comes easy. 🙂

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@ShannonRosic Congratulations, Shannon!!! I have a feeling you two will have many more victories together!

[Dom Cooke @domcooke]

Ferrari is best thought of as an exclusive club. The cost of entry just happens to be a car.

But money alone is not enough to buy a Ferrari.

Last year, they sold 13,221 cars. Most of those went to existing Ferrari owners. 8,725 to be precise. And 5,000 of those went to owners who already had more than one Ferrari parked in their garage.

Collectors, or club members, are key to understanding this business and one car exemplifies this better than most.

The SP3 Daytona, which was unveiled in November 2021 as a celebration of Ferrari’s success at Daytona in the 1960s. Ferrari limited production to 599 cars and before they were even announced, they had already been sold to their best clients.

Costing $2.25 million, Ferrari earned $1.35 billion from the SP3. That’s over one-quarter of its revenue last year. If you squint, you could be forgiven for thinking it looks a little like subscription revenue…

So how do you join the club?

You start at the bottom, relatively speaking. Their cars are divided into four categories – Range, Special Series, Icona, and Supercar. You prove yourself to the company by buying an ‘entry level’ range car like their new V12 SUV, the Purosangue (which translates to Thoroughbred in Italian, of course).

That will cost you around $400,000 and if you manage to get on the list, you should get the car sometime in 2026. Nice in-built friction to test your credentials and commitment.

From there, you begin your relationship with the company and begin to work your way up the pyramid to the really special stuff. And along the way, Ferrari will invite you to track days and long-drives through the Italian alps with fellow Ferrari owners so you can build stronger bonds with the brand and fellow club members.

Truly a fascinating model that’s been carefully crafted from Maranello for over 75 years.

Yes, they sell cars. But no, they don’t look much like any other car company out there. No surprise then that their board includes the CEO of Dior (Bernard Arnault’s daughter), the CEO of Yves Saint Laurent, Apple SVP of Services Eddie Cue, and the President of Chanel.

I loved learning about Ferrari from Brian Lum of Baillie Gifford and if any of this sounded interesting, you should get the full picture of how Ferrari works from him on Business Breakdowns.

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@SamanthaTwenty @ProfRyanRussell @morganhousel I purchased a book for here in New Jersey as well as one to my nephews in New Hampshire. 🤍🤍 Not many people achieve a unique goal, such as writing and publishing a book. You go, Ryan!!

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@girdley I think they have the potential to stay successful as long as people continue to buy them for friends/family gatherings and events. They are very pretty and delicious cookies, so great for events. However, there's no way I can see someone buying a cookie for themselves EVERY day

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

@anthonystich @wkb_mc @acketyack @RMarcusCNSL @HDelux @Entrustody @MarketCounsel @sulemandn @Integrated4FAs @AdvisorEngine These melt my heart! Miss you both and love the smiles!

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

Lauren Leonard completed the St. Jude Marathon! Time 05:27:18 (UNOFFICIAL) https://t.co/mxUw0uBouZ #stjudeheroes #runmem

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

Lauren Leonard crossed 22.5 Mile/36k. Time 04:43:51, pace 14:33 min/mile, est. finish 1:50 pm https://t.co/mxUw0uBouZ #stjudeheroes #runmem

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

Lauren Leonard crossed 20.8 Mile. Time 04:19:08, pace 13:02 min/mile, est. finish 1:46 pm https://t.co/mxUw0uBouZ #stjudeheroes #runmem

[Michelle Richard (Soon to be Kostecki!) @Mich_Kostecki]

Lauren Leonard crossed 19 Mile/30.5k. Time 03:55:42, pace 11:20 min/mile, est. finish 1:44 pm https://t.co/mxUw0uBouZ #stjudeheroes #runmem