Sunday, May 29, 2016
Yaruzi Bought His First Ever Prada!
I'll probably never know why people, especially ladies, are willing to spend thousand of dollars for a "bag". But I figured out that the company selling them would make a nice profit. It's not a surprised that Prada's gross margin is at 72.37%! Yes you read it right. For every $10,000 you spend on Prada's bag, the actual cost to produce the bag is $2,730.
So instead of buying the bag, I decided to buy 1000 shares of Prada at HKD 25.35 per share today.