About this episode
Daniel Mahncke and Shawn O’Malley take a deep dive into Hermès — the family-controlled luxury house that has turned craftsmanship and scarcity into a compounding machine.
Join Daniel Mahncke and Shawn O’Malley as they assess whether Hermès can remain the pinnacle of luxury and whether it deserves a spot in The Intrinsic Value Portfolio.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:01:10 - What makes a brand true luxury
00:10:35 - Why no one can copy Hermès
00:18:57 - How important local production and family ties are
00:20:26 - Why Hermès started producing bags
00:23:55 - How Hermès built its moat and reputation
00:39:22 - What markets matter most to Hermès
00:43:07 - How Hermès can keep growing
01:10:51 - Whether Shawn and Daniel add Hermès to the portfolio
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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Shawn & Daniel use Fiscal.ai for every company they research — use their referral link to get started with a 15% discount!
Learn how to join us in Omaha for the 2026 Berkshire Hathaway shareholder meeting.
Jean-Noël Kapferer's The Luxury Strategy.
WSB Episode on Hermès.
WSB Luxury Strategy Breakdown.
Quartr Article on Hermès.
Explore our previous Intrinsic Value breakdowns: Transdigm,
