Luca is a legend:
He was Enzo Ferrari’s assistant in his 20s then came back and led Ferrari for 23 years, turning it from a struggling faded icon to a legendary luxury brand.
He does… not like the Luce
One of very few things I miss about working in finance in London is going for a quick cheeky pint after work with my mates on a summer afternoon that turns into a 'liquid dinner' with 5-6 pints
Mayfair nostalgia
@vrexec It depends what you value the most clearly. Net savings rate is one of the factor , still above a certain threshold I would personally not care. Quality of life, food , culture & outdoors (incl variety of ) are definitely significantly better in Europe, schooling prob at par
@RadicalFalk Spot on analysis - I moved to Munich in 2019 and feel quality of life has steadily decreased YoY - quite worried about where the country is going. Energy policy as well as pensions are just mental
@Restructuring__ He can’t say anything different - reality is barriers to entry are lower , pricing pressure and multiple compression is real. Also ability to pick winners going forward will diminish - in today’s world much less capital is needed to reach billion valuations