The portfolio includes Hermès, Richemont, L’Oréal, Kering, Burberry, Christian Dior, and Ralph Lauren. Hermès was the best-performing brand over 20 years, delivering a return of 2,206%. Christian Dior generated a 467% return, Ralph Lauren 525%, Richemont 619%, and L’Oréal 344%. At the other end, Burberry delivered a 92% return and Kering 149%, reinforcing the idea that selectivity remains essential.
“If Miranda had built a portfolio in 2006, she would not have chased novelty or short-term momentum. She would have prioritized heritage, scarcity, and brand power that does not depend on the moment. That instinct aligns with what has historically driven long-term outperformance in luxury stocks,” commented Lale Akoner, Global Market Strategist at eToro.
“The strongest companies in the sector operate more like compound-growth businesses than cyclical companies. They tend to…
