Daily LInks
1. Why luxury goods just isn’t a platform business. In a sector where only a few brands really matter, Farfetch’s path to profitability is not clear. – Read More on the FT
2. US Supreme Court’s Roberts urges ‘caution’ as AI reshapes legal field. AI represents a mixed blessing for the legal field, SCOTUS Chief Justice John Roberts said in a year-end report published on Sunday, urging “caution and humility” as the evolving technology transforms how judges and lawyers go about their work. – Read More on Reuters
3. The record rush to buy a Rolex or a Patek Philippe is over. Watch manufacturers have seen demand cool in recent months, while prices on secondary markets have tumbled. And executives – from those leading historic brands to upstarts who thrived during the recent frenzy – have started to accept that things are rapidly downshifting. – Read More on Press Herald
4. Should You Invest in Watches, Wine, or Other Luxury Goods? It’s hard to predict what’s going to appreciate in value. You’re not just picking a type of luxury good either, but a specific item. Some watches and cars skyrocket in value; others don’t. – Read More on Yahoo
5. RELATED READ: The Potential Paradox of the Investment Handbag. There may be some consensus that luxury goods “can sometimes hedge against inflation when they appreciate in value,” as Bay Street Capital Holdings founder William Huston told MarketWatch this summer. However, the prospect of handbags as assets is not without nuance. – Read More on TFL
6. Welcome to the era of AI nationalism. Another way America intends to stay ahead of the pack is by nobbling rivals. It has also barred Americans from sharing their AI expertise with those countries. – Read More on the Economist
