China retaliates

He says this as though quality hasn't been a massive problem since moving supply chains to China.
 
He says this as though quality hasn't been a massive problem since moving supply chains to China.
In the case of luxury brands (really any product made in China from cell phones to golf balls) it's the IP theft. Run a batch of Dior bags during the day and then some at night outside of the production schedule and then sell them on the internet or to unscrupulous retailers. Ebay and even Amazon have a ton of ripped off copycat products being sold. Even US movies being shown in China are subject to self-reporting of movie revenue to share with Hollywood and just ask the dazzler with his mythical MBA how reliable self-reporting is in the real world. Buying Chinese stocks based on "reported" earnings per share, cash flow and balance sheet equity and debt is like buying Enron stock based on "audited" financial statements.
 
Kate Spade has a line that can be bought at Target now. This hurts the European brands more than USA’s.
 
He says this as though quality hasn't been a massive problem since moving supply chains to China.
In the case of luxury brands (really any product made in China from cell phones to golf balls) it's the IP theft. Run a batch of Dior bags during the day and then some at night outside of the production schedule and then sell them on the internet or to unscrupulous retailers. Ebay and even Amazon have a ton of ripped off copycat products being sold. Even US movies being shown in China are subject to self-reporting of movie revenue to share with Hollywood and just ask the dazzler with his mythical MBA how reliable self-reporting is in the real world. Buying Chinese stocks based on "reported" earnings per share, cash flow and balance sheet equity and debt is like buying Enron stock based on "audited" financial statements.
You can get a Rolex knockoff that looks the exact same, and made from the same materials, for a fraction of the cost.
I’m not a watch guy, but this is happening.
 
He says this as though quality hasn't been a massive problem since moving supply chains to China.
In the case of luxury brands (really any product made in China from cell phones to golf balls) it's the IP theft. Run a batch of Dior bags during the day and then some at night outside of the production schedule and then sell them on the internet or to unscrupulous retailers. Ebay and even Amazon have a ton of ripped off copycat products being sold. Even US movies being shown in China are subject to self-reporting of movie revenue to share with Hollywood and just ask the dazzler with his mythical MBA how reliable self-reporting is in the real world. Buying Chinese stocks based on "reported" earnings per share, cash flow and balance sheet equity and debt is like buying Enron stock based on "audited" financial statements.
You can get a Rolex knockoff that looks the exact same, and made from the same materials, for a fraction of the cost.
I’m not a watch guy, but this is happening.
My dad bought my brother in law one as a joke.
I doubt any of his drunk quook friends have ever once questioned that it wasn't a real Rolex.
 
He says this as though quality hasn't been a massive problem since moving supply chains to China.
In the case of luxury brands (really any product made in China from cell phones to golf balls) it's the IP theft. Run a batch of Dior bags during the day and then some at night outside of the production schedule and then sell them on the internet or to unscrupulous retailers. Ebay and even Amazon have a ton of ripped off copycat products being sold. Even US movies being shown in China are subject to self-reporting of movie revenue to share with Hollywood and just ask the dazzler with his mythical MBA how reliable self-reporting is in the real world. Buying Chinese stocks based on "reported" earnings per share, cash flow and balance sheet equity and debt is like buying Enron stock based on "audited" financial statements.
You can get a Rolex knockoff that looks the exact same, and made from the same materials, for a fraction of the cost.
I’m not a watch guy, but this is happening.
My dad bought my brother in law one as a joke.
I doubt any of his drunk quook friends have ever once questioned that it wasn't a real Rolex.
lol Rolex. The ultimate graduation/retirement gift.
 
Bought my wife a Rolex it's the most unreliable watch ever!
Rolex holds secondary market value well due solely to brand recognition and every wanna-be 25yo needing it for their Instagram roll, so you could probably sell it and buy an Omega and have a luxury watch that actually works.

..or you could splurge on something even nicer like an IWC.
 
Garmin watch totally changed my training for the better. In some of the best shape of my life.
 
Bought my wife a Rolex it's the most unreliable watch ever!
Rolex holds secondary market value well due solely to brand recognition and every wanna-be 25yo needing it for their Instagram roll, so you could probably sell it and buy an Omega and have a luxury watch that actually works.

..or you could splurge on something even nicer like an IWC.
Nobody cares about IWC, and being nicer than Rolex is a bit of a stretch. I don't think any watch person would ever say that.
 
If we are turning this into a watch thread I am here for it. Also, been a big fan of Tudor lately. They are pretty much the tool watch that Rolex was 30-40 years ago. Rolex has gone upmarket, which is cool and all but I like basic boring tool watches with in house movements at an actual tool watch price point and are somewhat fit for purpose (though let's be real who uses a 5K watch for actual diving anymore lol). IWC are nice, but outside of movement finishing I wouldn't put them above Rolex. 30 years ago for sure. Anyway, nobody wants watch drivel here. Carry on.
 
He says this as though quality hasn't been a massive problem since moving supply chains to China.
In the case of luxury brands (really any product made in China from cell phones to golf balls) it's the IP theft. Run a batch of Dior bags during the day and then some at night outside of the production schedule and then sell them on the internet or to unscrupulous retailers. Ebay and even Amazon have a ton of ripped off copycat products being sold. Even US movies being shown in China are subject to self-reporting of movie revenue to share with Hollywood and just ask the dazzler with his mythical MBA how reliable self-reporting is in the real world. Buying Chinese stocks based on "reported" earnings per share, cash flow and balance sheet equity and debt is like buying Enron stock based on "audited" financial statements.
You can get a Rolex knockoff that looks the exact same, and made from the same materials, for a fraction of the cost.
I’m not a watch guy, but this is happening.
Super Clones are a real thing, some of the knockoffs are getting insane and nearly imperceptible from the real deal to the untrained eye.
Movement inspection, finishing, and materials are the tells required for these. Rolex uses 904l steel, 99% of other watches are made with 316l. Precious metal clones forget about it, they're garbage.
Even then you're talking 1-2k to feel like a fraud, I couldn't do it, would be like the heartbeat beneath the floorboards driving me crazy until I screamed "It's fake!"

I'll just take the opportunity to drop my Hulk in here because it is what it is

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Even if I were rich, I can't fathom dropping more than $300 on a watch.

Nice cars, boats, high end booze….sure, but not for watches.
 
I look at my phone on the off chance I need to know what time it is.
 
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