In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Consequently, Lululemon is one of the few success stories in fashion retail today. An obvious reason for Lululemon’s success is that the company markets comfortable casual clothes people can wear at home.
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I think America’s imbecilic faith in real estate’s ability to keep its value drives Zillow’s share price. However, Zillow’s own data shows this faith is naïve and stupid. If home sales can fall by 60%, then home prices could fall by 60%.
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