A Quote by Donatella Versace
Some say the economy means that you have to persuade people to invest in clothes - to buy less things but more expensive things. I disagree - invest in jewelry, or a house, maybe, but not in fashion.
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Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.
You can only do three things with your money. You can spend it. You can invest it. Or you can give it away. And if you invest it, you're really just getting more money to give away or buy something. How many things can you buy? So I don't really think there's a lot of choices.
I just think people should invest in the world. Don't invest in fashion, but invest in the world.
I don't think all comedy should be mindless. Have something that's thoughtful. Maybe some things are tongue-in-cheek; maybe some things are very direct. I like that people have to think about things. That excites me. Because if you say certain things, it starts a dialogue. Even if you disagree, it's still a dialogue.
I am worried about our tendency to over invest in things and under invest in people.
Lower taxes will stimulate your own personal economy by leaving more money in your pocket to do what you want - invest, save, spend, buy a bigger house, a nicer car, and give to charity. And lower taxes also lead to more money for the government to use on those things they've promised you. It's a win-win for everyone.
The bigger and more successful Salesforce becomes, the more we'll invest in our public schools, the more we will invest in homeless, the more we will invest in public hospitals, the more we will invest into NGOs.
As we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more."
There are only a few things investors can do to counteract risk: diversify adequately, hedge when appropriate, and invest with a margin of safety. It is a precisely because we do not and cannot know all the risks of an investment that we strive to invest at a discount. The bargain element helps to provide a cushion for when things go wrong.
I always tell women, "Get in front of a mirror, know your body." Don't think, "OK, I'm going to lose five pounds and I'm going to gain five pounds." Try to find an acceptance in the present and buy things that make you feel good. I would say, if you're buying less expensive clothes, buy two sizes bigger. They'll hang better.
We're the only developed country in the world that doesn't have paid maternity leave. Paternity leave is just as important. Paid family medical leave so that you can take care of a parent, a child, a grandparent, whatever you need to do. I think we're shortsighted when we don't invest in our employees as companies, and as an economy, because we invest in them and they invest back in us.
One of my goals is that, at a dinner party some time in the future, someone will say, 'Oh, my nephew is starting a ready-to-wear brand', and 20 people will turn around and say, 'Is he? Can we invest?' in the same way that, now, if you were to say, 'My nephew is starting a mobile app,' everyone would say, 'Oh, smashing! Can I invest?'
The biggest challenge is that when people look at low price point products, they essentially invest less money in development, innovation, and new technology. And in order to innovate at a lower price point, and make sustainability attainable to the masses, you have to invest more. But that's counterintuitive for a lot of businesses.
I would say, if you're buying less expensive clothes, buy two sizes bigger. They'll hang better.
I spent my whole life in the private sector, 25 years in the private sector. I understand that when government takes more money out of the hands of people, it makes it more difficult for them to buy things. If they can't buy things, the economy doesn't grow. If the economy doesn't grow, we don't put Americans to work.
One of the things people always ask me is, isn't it expensive to eat healthy or vegan? It can be, but isn't it expensive to live in a nice house or drive a nice car or wear nice clothes?
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