Can Buying High Fashion Make You RICH? Reaction To Mr. Wonderful of Shark Tank

Kevin O'Leary argues in his new video that you can get rich investing in your own wardrobe. As a fashion "expert" I put this idea to the test. Do clothes appreciate in value like the stock market? Or is this a novel (but ultimately flawed) idea?
Recently I discovered Kevin O'Leary (aka Mr. Wonderful) on KZbin despite never watching Shark Tank, a show where he acts as one of the hosts / investors. I agree with a lot he has to say in his "How To Get Rich Investing In The Things You Love" video, but...I'm skeptical guys! I've been around the block, I'm not sure if its that easy. But stick with me because there is a lot of good points for both arguments in this video.
You can watch Mr. Wonderful's original video here for more context: • How to Get Rich Invest...
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[@napoleonicmusic]

Buying high fashion makes you rich if travis scott wears that piece hahaha

[@SAMIRSMILEZONE]

The best piece to invest in is MNML zipper denim and VLone bc I'm dripping 💯😈❄️⛽️

[@sterlingsage2403]

Oh ho ho you are funny very original and funny comment

[@PrincipalSkinner3190]

U ain't drippin til you cop those deadstock MNML CH jeans

[@Daniel-hd7te]

If you want to make money on fashion you should only buy from a brand that still has its original designer. Or if a different big good known designer transferred there. Other pieces will fall in value.

[@jackfordmac]

Also, investment piece is just a marketing term created so people don’t feel like their wasting money, feel less guilty buying expensive things, it’s not a purchase, it’s an investment.... yer right!!

[@BertoBeats]

I think more what he means is you should buy things you really love because ultimately you need your money to make you happy as well or nothing is worth it. But if you buy expensive luxury goods, not only will they make you happy, they're much more likely to withstand decades of wear AND be worth a lot of money later on. And I think he also means *decades* of time, not really stuff people sell on Grailed that came out 3 years ago. Stuff always dips in value initially when the supply is too high but is more likely in say 30 years to be worth much more as it becomes harder and harder and harder to find. It's not as sure of a way of making money as just investing it, but investing money and letting it sit there doesn't really bring you joy or make you look fashionable or cool. It's a passive thing that only pays off in the long run.

[@behradiddle]

"Mark Reubin" lol Jokes aside can u ID your shirt?

[@PrincipalSkinner3190]

No way, designer clothing holds onto more of its value than fast fashion. But it rarely ever increases in value unless it becomes "hyped" due to celebs wearing it.

[@enzlnd2602]

that’s why you educate yourself into what brands you should be buying

[@PrincipalSkinner3190]

@@enzlnd2602 Not sure what you mean by that.

[@enzlnd2602]

@@PrincipalSkinner3190 what i mean is: if you buy the right brands, for the right price, you can definitely make a profit when you sell them in the future.

[@angelaquinn4621]

I don't buy clothes thinking of long term investment. I have pieces that are 25 years old, but are not worth what I paid for them. Buy what you like, buy quality, but not for investment. Do that with money. Love the video

[@madameremade]

I'm all for original Margiela. Enjoying the content in your videos.

[@TheTepesz]

Great video! I "invested" into a pair of CK205 Boots last year when they were on sale at Barney's, so far my "investment" has seen a return of more than 100%! Very interesting topic, especially since resell culture has become so large in the past couple of years

[@PrincipalSkinner3190]

The piece I would save up to buy are the Margiela x Reebok Instapump Tabi sneakers. They combine my favourite sneakers as a kid (reebok pumps) with my favourite shoe as an adult (Margiela Tabi's).

[@plumherself]

I’m trying to switch to this philosophy as well but I’m addicted to drip :/ Btw, I lowkey don’t watch your videos for a while just so I can wait for them to build up and binge. Your content is always so insightful and impressive, no matter the topic. Thanks for another great video🙏🏾

[@BraveNewWear]

Hope u get over ur drip addiction Plum but I’m glad ur back after a break

[@reedbrooks3887]

The diversity of clothing and style definitely makes it hard to invest in pieces. Art and watches and handbags have become such an investment because they are able to have the same value as clothes, but more people attribute value to those objects. Clothing becomes difficult as even if you have a ton of people who see value in your product sizing and the fact that the art has to be worn divides your market entirely. You see this in footwear as pairs of the same shoe can sell for hundreds less because of their sizing. This makes what would've been a hundred people wanting to buy the same jacket for let's say 100 dollars to keep it simple. Now what would've been a 10,000 dollar market around your jacket becomes a 2000 dollar market as only a fifth of the people will fit the jacket and want to buy it. If enough people love a piece enough and be supercedes those challenges they can easily appreciate, however it still takes 10 times the market to be as valuable and investable as a piece of art or a watch. One benefit is barrier to entry with vintage being so low with thrifting when compared to art or watches as we assign value to vintage denim and old fruit of the loom tees. This makes clothing, especially vintage, a good low cost investment but the issues inherent with clothing make it a hard to scale and keep a large market around.

[@VarietyShow]

Dragon’s Den is a classic of Canadian TV. O’Leary actually graduated from my high school! Funny of you to bring him up

[@BraveNewWear]

well i'm hoping this is the next Mr. Wonderful if ur both from the same school friend

[@1000Tees_]

a piece that I would probably "invest" in would most likely be a Raf Simons Calvin klien bomber jacket, I feel like they're reasonably priced at the moment and it doesn't seem impossible for me to save up on, I doubt it would take a year but, yeah that's probably mine! another superb video sir!

[@outletandfork8849]

Are u talking about the Berkeley bomber or yale one

[@1000Tees_]

@@outletandfork8849 the Yale one for sure!

[@futuristicfusion]

I think saving up for high quality, unique (can be uniquely timeless) clothing items that you LOVE is undervalued but not as an appreciating asset (and def not in replacement of stock and/or real estate investment). 99% of the time it’s going to depreciate BUT compared to most other clothing items, they will depreciate less and be easier to sell for a decent amount of money esp for special designer pieces. I’ve bought some more expensive luxury clothing items but I consider their value not just in what they could be sold for someday but how happy they make me to see them (I display my best fashion pieces like art because they are) and wear them (they make me feel more like myself plus add confidence and satisfaction in owning them). Mr. Wonderful is saying it’s ok to buy things not just because they increase in value over time but because you love them and because of that you have more insider knowledge about it. It’s not all about making money - it’s also about enjoying life. I think how much I’d spend on a luxury item depends on how much I have in savings/invested - if I have enough to feel safe in the future, then I can spend $500-1k~ on a piece occasionally and not feel guilty about esp knowing I can get at least 50% of that back if needed. IMO I’d rather spend that on clothes than say expensive rent or a fancy car but everyone has different priorities.

[@erikedwardson7]

Great video Christian! I think it’ll be really interesting to see which brands and which pieces appreciate over time in the luxury space. Impossible to know for sure, but I think a lot of it is connected to the specific designers legacy and how their career unfolds.

[@escapejudgement]

dope video bro -- nobody is making vids like this and I'm all for it

[@BraveNewWear]

[@FashionRoadman]

Omg I got into that same KZbin rabbit hole with Mr Wonderful. WTF

[@BraveNewWear]

lol they must be targeting people who make fashion videos 😓

[@FashionRoadman]

@@BraveNewWear clearly 🤣

[@reedbrooks3887]

Honestly I'm putting money away for this human made peacock hawaiian shirt because it's beautiful, unique, foreign and high quality. Hopefully it'll be a good investment, it's so pretty.

[@theespottedgiraffe_5368]

Chanel archive jacket

[@jastermareel644]

The items I see appreciating on StockX are the Supreme X TheNorthFace collaborations. The pieces always increase in value

[@BraveNewWear]

thats an interesting combo, maybe theres some real validity to that, perhaps bc north face embodies nyc culture especially in the 90s and supreme has become kind of a figure of nyc culture as well. the combo maybe matters more

[@jastermareel644]

@@BraveNewWear Wow! you replied to my comment thanks man. Yeah It is for sure the combo of TNF being a reputable brand with Supreme being an exclusive one. The brands have a long history of collaboration and thats also probably what drives the price. I would check out the TNF x Supreme MAPS jacket, the Bandana, leather nuptse, mountain jacket, and expedition. All of these jackets are old or just a couple of years old and they have skyrocketed in value over time. Even the used versions of these bring high prices on sites like grailed. Just wanted to say I like the vids man especially the Nuptse video.

[@АнтонХристолюбов-к7ь]

I would save up money for a year to buy alyx guidi zip boots or guidi front zip boots because these are really crazy and loud boots but suits my style, can be dressed up or down and will serve me for a long time. They are unique and very high quality and they can be really versatille (especially front zip guidis). They will for sure at least would hold its value. This is the very first thing that comes to mind. Other grails are lucking in versatillity or other aspects and hence it's not worth saving for I think.

[@reyultra9247]

Dude you are so funny love your sense of humor

[@jackfordmac]

I agree with you, I don’t think you can make money doing this, not reliably. You can buy 80’s men’s Dior for dirt cheap on eBay. Early BAPE does not sell for more than it did new (when you factor in inflation). The closest thing you could do is anticipate the hype of the future (90s band shirts, Rap tees etc).

[@SemmeLP]

my piece would be kiko trousers or / annD boots :)

[@kylelim1134]

Such a wonderful message, Christian! And I love the topic of this video. I’m looking to save up for a pair of Ann D. boots. I appreciate the design, and I’m pretty sure quality is there too.

[@Jar-eg2jx]

Two videos in a week! Let’s gooooooo

[@jonathans.3128]

A lil off topic but whatever: finally an American who gets that sparkling water is the way to go

[@BraveNewWear]

lol learned the habit from my mom she always drank sparkling water

[@squitof_doom2830]

I would only save up 1000 or more for maybe a raf simons drugs parka because they‘re super oversized, well made und look hella good or maybe some chrome hearts jewelery because the bracelets and chains will never loose their value

[@Jar-eg2jx]

My piece right now would be Ann D boots or HA bomber, but I don’t think those boots would suit my body type. So idk. Also, my love for a certain piece would never lasted very long. So I always end up buying nothing or just some random pieces that are relatively cheap.

[@_The_Worst_]

Some garments if kept in good used condition can go for the same price or more over time...👌🏼💯✔

[@danielwaitman2350]

you have inspired me to cop ict grizzlys with my year of jimmy johns salary

[@BraveNewWear]

turn those sandwich hours into high fashion essentials

[@danielwaitman2350]

@@BraveNewWear kevin is totally a visvim head

[@iSwaggxsteel]

rn I’m saving for a chilliwack Canadian goose bomber = never will the cold of the east coast smite me again

[@MyDigitalCult]

Classic, what color?

[@ben-wm6yc]

Youre like a fashion-centered drew gooden

[@BraveNewWear]

thank u bro hopefully I'll have the same follower count in the future too

[@airmann4673]

What brand hoodie are you wearing?

[@williamrushman14]

great video christian!

[@erikap4589]

90s tweed bw houndstooth set ,,, chanel if I'm mega lucky, like with the mini skirts and everything

[@thackston6241]

I’m buying luxury brands for my kids that aren’t born yet. They gonna be the flyest motherfuckers in high school

[@royalty694]

Some of the supreme x Louis Vuitton will likely continue to increase in value and thats on stockx. Not necessarily every piece but I definitely think some will

[@cms3000]

You look like Hedi Slimane

[@blackwornwhite134]

hi christian!

[@blackwornwhite134]

hey chris what's your grailed page?

[@jackchen1717]

r/wallstreetbets is just astrology for guys

[@shredmaster2000]

Hmm I think there's room for a broader application of the term "investing in yourself" beyond monetary value. To me, there's more value in buying something you like purely because you like it rather than buying something you like because it may appreciate in value. For me, I would get the FW20 wool overcoat from Johnlawrencesullivan. It probably won't appreciate in value but I will feel good wearing it.

[@royalty694]

Yessuh

[@josiecup7540]

I love to resell ! I think I would invest in a channel bag! There absolutely gorgeous and high quality.

[@BraveNewWear]

Chanel bag like a classic flap isn’t a bad idea, bags have a lot more potential to hold value over garments I think

[@DG-bx5js]

Oye thas a great video m8

[@ogxman28]

Mark Reuben sandwich

[@DR-yc7mp]

You are beautiful to watch. I have subscribed.

[@BraveNewWear]

I'll take it Dan!

[@sahilmishra2945]

Christian but I'm addicted to copping riot bombers what do you mean I won't have every sicko trav fan vying for my estate when I meet my untimely doom

[@BraveNewWear]

the only thing born from pain is going to be ur net worth

[@sahilmishra2945]

@@BraveNewWear lmao good looks

[@williamdavidlucas]

‘You’re

[@aceymac]

Kevin O' taking all the Ws and handing out Ls. The secret to getting REE$$CH on fashion, get yr mom to buy it & sell it high, baby! ...word tho, I just bought a coat for $59 that sold in 1966 for $32.50, it only took 54 years and some lucky stiff nearly doubled their money.

[@BraveNewWear]

step 1: have mom collect Chanel for decades

[@paulbrandon4145]

Every bitcoin investor right now would smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin to thank for that

[@megantheo8107]

You see many people remain poor because of ignorance

[@lauraarthur2984]

I wouldn't say just because of ignorance, but also because of too many scammers in every business adventure like trading for instance

[@jaxonedward4905]

@@lauraarthur2984 For real there are scammers but there are also real brokers out there looking for investors

[@kathleenharrison3413]

You're right sir, Thanks for introducing me to Mr Logan he fixed all my investment issues

[@jaxonedward4905]

My first investment with Mr Logan Barkley gave me profit of over $24,000 US dollars and ever since then he has never failed to deliver and I can even say he's the most sincere broker I have known

[@2nuts4cars]

Investing in clothing and shoes is pointless if you ever wear them, & shoes rot in ten years. If you do invest in fashion items not stock in brands, watches last hundreds of years & you can wear them and they still hold their value...

[@2nuts4cars]

The point is I should have invested in Farfetch when I had the chance and not buy clothing instead. Live and learn... But I won't...

[@SemmeLP]