What A Night For A Daydream

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Episode Transcript

(00:00):
This show is produced and hosted byMark Webber. The show is sponsored by
G three of Peril. The viewsexpressed in the following program are those of
the sponsor and not necessarily the opinionof seven ten wo r or iHeartMedia.
Who is Mark Webber. He's aself made business executive here to help you
find your success, from the NewYork City projects to the Avenue Montaigne in

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Paris. His global success story inthe luxury world of fashion is inspirational.
He's gone from clerk to ceo twice. Mark is classic proof that the American
dream is alive. And well,here's your host of Always in Fashion,
Mark Webber. Mark Webber, Iclearly remember my first day dreaming at eight

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o'clock in the morning, beautiful summerday, eighty five degrees, slight wind,
blue skies, now clouds, birdssinging, insects tirping. I'm ten
years old, not a care inthe world, lying down in the grass
under a huge maple tree, lookingup at the sky. I'm so calm
lying there, I'm the first ofmy friends out and about why is the

(01:08):
sky blue? I wonder? Swimmingon baseball today? I think both.
I remember this day so clearly,no plans, thinking about nothing, no
cares in the world. It's ahappy time. It's called day dreaming,
innocent of a child. I've alwaysbeen a dreamer. What if can?

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I? Would? I should?I? Is it possible? In my
own world? Webb's world, myrules floating, never a care in the
world, no politics, no problems, no nothing, just happy. Interestingly,
I've noticed I dream vivid dreams atnight, new ideas, new ways
to do things, always about working, go figure. I'm retired, but

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my subconscious is not. But I'ma world class day dreamer. No surprises
here, lots of free time,tons of a lone time. It's funny.
I have little to do, butnot enough time to get it done.
So many dangerams when you have thetime to just think. I never
dreamed about success. I was toobusy working for it. I never asked

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for things to be better. Iasked of myself to be better. And
here I am this week, allthese years later. A blue sky,
a slight breeze, no plants,grass, trees, looking up at the
sky. Why is the sky blowby the way, I'm dangeraming about life?
It's perfect. I think I've gotto figure it out. At least

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the things that have caught my attention. I've been dreaming of what could be,
but only nice things. I've beenthinking about Webb's world more than usual.
Should I worry that I'm not herewith you all the time. I'm
as present as I want to be, just being a touch self as living
in my world versus your world.I'm here, but I'm not here my

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son's, my family, and afriend. I have people i'm with.
Please don't take it personally, butI gotta tell you, between you and
me, unless I'm going to benefitfrom the chit chat, I prefer Webb's
world. It's more interesting in myhead. I get to pick the topic.
So you might ask me, wouldI rather ignore you than engage than
be interesting? You spend the bulkof your time doing what you want.

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Why can't I spend the bulk oftime doing what I want. I don't
ignore you necessarily. I always answerthe phone when they call. I always
am there to handle problems as theyride. But when people are talking to
me, generally speaking outside the family, sometimes in the family, I don't
know. Maybe it's uncomfortable, embarrassing, but I do what I want to
do, and that's the point daydreamingis me time. Why do I own

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anyone their time in exchange from metime, my time? I don't care
that society. When someone says hello, you're supposed to say hello back.
It's normal. I get it toacknowledge them. But now we're discussing normal
the truth. When someone of substanceand truths, I'm willing to listen,
I'm there. But often if youlisten to what they said, ninety nine

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percent of the time, I'm sorry. I break away from my daydreaming to
engage. Now. I either needmore interesting people around me, or I
have to entertain myself. You see, this is interesting. I'm engaged.
I may be impossible, but Ithink of myself as unique. Some might
say I'm annoying. I'd say,perhaps all these people aren't breaking through.

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They're boring. You might say tome, it's the whole world boring.
Maybe I knew at some point wewould agree on this. I surrender.
I surrender here. I know thatmy day dreaming is not exactly fair,
but it's what I want to do. And I've noticed this week that I've

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been in a quiet place. Ihaven't been thinking about politics. I haven't
been thinking about divisiveness in our country. I haven't thought about world piece.
I'm thinking about stuff that maybe ismore interesting, but certainly to me,
I'm thinking about stuff that I wantto think about. I saw an article

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the other day which is where Iwant to go to begin with. On
the strike. I need my moviesfrom Hollywood. I'm worried that for the
next half a year we're going tobe without it. But that's life.
There is a strike in Hollywood.I'm always when you listen to me talk
about the unions mixed. My fatherwas in the union, and to a
great extent, as a working man, the union protected him, and I

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felt it in my family. Ifelt that the union was looking out for
us, so I grew up withthat as a young boy. When I
went into business, it became acorporate executive, I didn't have quite the
same feeling. The unions were protectingthe workers from me, from my guys.
I didn't understand it, but Irespected it. And what I did
is I went out of my wayto avoid the conflict. Anytime I could

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shift the responsibility of dealing and managingthe unions, I did. We had
unions in our warehouse facilities, wehad unions in our offices. We had
many dealings with the unions, andI respected the idea because of my background
growing up that the unions were tryingto do the right things for people.
So that's where I am on theunion, and there we are. I

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get this article and I read itand of old people, it's Billy Porter.
I know him for the guy wearingdresses to the Hademy Awards and the
golden gloves and drives me crazy.I don't care who you are when it
comes to fashion. I don't wantguys wearing dresses. I don't want them
wearing shorts. I don't want themwearing sandals, but certainly dresses. What

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signal is that sending? And italways bothered me. But bottom line,
that's how I knew him, andI found him entertaining. And you know,
if you can get into that look, he is, as I said,
entertaining. But he's in this articletalking about the strike and he said
I had to sell my home.I was taken aback. There's a lot

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of lessons here. On one hand, every time you see someone in Hollywood
you think this super rich. Thetruth be known if you listen to what's
going on with the union and theproblems, and to strike behind the office,
behind the a list is behind thosepeople that we all know and admire
and know how wealthy, they aren'tsuccessful. There's a lot of working people
who don't have that kind of success. The other side of the story is

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he has to sell his home.Who are you out there? You should
know what you can afford now.He made the point that a number of
projects he expected to be paid forwere canceled, number of projects are delayed,
and now he's in trouble. Hehas to sell his home. Is
that the way you want to liveyour life, you should know what you
could afford. You don't buy ahome unless you can afford it. You

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don't take a mortgage unless you canafford it. You don't buy things you
can't afford. You have to havea budget. You have to know what
you need to know. My entirelife, I lived in a small home.
It was only when I thought aboutretiring bought a bigger home. I
was counted to everything in the world. Now, could I have afforded a
bigger home when I was younger,Yes, but I didn't want that burden

(08:07):
on me. Did it make anysense? No? But I will tell
you there are things that you needto consider in life. If you're planning
your future. If you're can investin stock, you better be able to
afford to lose it. If you'regoing to take business risks, you better
be afford to lose it. Ifyou're going to gamble, sorry gambling industry.
If you're a moron and you're gonnagamble your hard earned money, you

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better not gamble away anything more thanyou can afford. If you're going to
buy things, do not buy themon credit cards. Credit cards are for
junkies. That's what it is.You pay the highest possible interest rate in
the world. I don't know howthey get away with it, but they
do. That's why every day youget mail asking you to join this credit

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card or take that acrud because yes, they want the banking fees for doing
the transactions for you, but themoney they make and charging interests that people
don't pay their bills off the wayis crazy. As you surious. It's
like a loan shock legal loan shockingtwenty percent interest. That's why they encourage
you pay only what you have topay, because they'll keep you on the

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deck the whole time. Look,I'm going to get the gambling industry against
me the banking industry. But listen, this guy personality in Hollywood had to
sell his home because he didn't planproperly. Now, as far as the
union is concerned, and as faras this strike is concerned, both parties

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are right. That's why there needsto be a negotiation. When you consider
got the movies almost disappeared during COVID, When you consider now that so many
people are not going to the movies, it takes an extraordinary blockbuster Mario Brothers,

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Barbie Oppenheimer, Mission Impossible, Maverick, a handful of movies that made
billions of dollars. But the restof the movies, no one is going.
So Hollywood has not recovered. Andthe executives managing these filmmakers, the
executive managing the movie theaters, theexecutives managing all of these businesses are struggling

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to try and get back on point. Their businesses are in jeopardy and the
idea of paying more wages or renegotiatingcontracts has got to be a massive problem
for them. They need to survive, and this is not the right time,
I would think from their point ofview. But on the other hand,
on the other side, the worldis changing. Movies now are streaming

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more and more. Movies are makingthe effort to make believe they're going to
be in theaters for a little weekor so and then put them right to
TV for streaming networks. TV showsare being built just for streaming networks,
and all the people behind the scenesdoing the work that is now turning out
to be streaming, not cable TV, not even national TV. It's now

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on these streaming services. Their contractsdo not provide for those efforts. Throw
an artificial intelligence and the question ofintellectual property rights. Do you own your
name? Do you own your face? Do you own your likeness? Do
you own? Do you own?Do you own? This is all part
of intellectual property rights, and artificialintelligence is threatening the very future of these

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people owning their rights, even havinga say of what's done with their image.
If you're Brad Pitt or George Clooneyor Margot Robbie or you pick them,
and you're in a movie, nowsomeone could take your face and the
things you said and put it allover the internet with not paying you for
your efforts. You deserve to bepaid and all those writers and all those
workers behind the scenes doing work thathave contracts that applied to movies or to

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television are now under threat of notgetting paid for the way in which the
industry is going. Both parties havesomething to say. It would be my
guests not knowing what I don't knowthat this is a timing issue, not
an issue of what's right and wrong. All I know is I want my
movies. I want my MTV.As the song says, I want them.

(12:09):
I want them to make peace.But there has to be a negotiation,
and in most negotiations, both partieshave to be satisfied. In every
negotiation they do. There's never oneside right or wrong, particularly when it
comes to the unions, who arelooking out for their workers. I want
this settled. And of all things, tonight, when I've been daydreaming,
I've been daydreaming about the movies.I just saw the movies. I Will

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see Oppenheimer, which I thought wasan amazing movie that I didn't enjoy,
Mission Impossible that left me hanging forthe next episode, and Barbie I'm just
not going to see give me abreak. But I am concerned with where
the industry's going and I've been daydreaming, thinking about what's going to be,
but that is a backdrop. Tonightshow is what a night for a daydream.

(12:54):
I'll be back in a minute.Always in fashion. As one of
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(17:30):
Welcome back to Always in Fashion.Here's your host, Mark Webber.
I've had plenty of time, andthat time has led me to daydreaming.
I have good feelings about daydreaming.It reminds me when I was a little
boy, no cares in the world. All I had to do is think
about nothing what I want to donext. Kind of liked it. I

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love the simpleness of it. Ilove the feeling of no cares in the
world. And that's how I livedthis week. In fact, tonight's show
is old What a night for adaydream. I'm talking about the things that
cross my mind. They got methinking during the week. No bad stuff,
no wars, no peace discussions,no disease, no divisiveness in this

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country, no ugly stuff. Forme. It's only nice, all them
sweet things, things that I noticedor things that got me thinking. Let's
call this for the moment. Couplestherapy I remember so clearly the first time
I had a company function, thefirst time I had a chance to go

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to function with my wife. Companyhad a company dinner and my wife and
I got to dress up. Mywife was a beauty. I have to
say, I think I'm a decentlooking guy. Some might say I'm a
good looking guy, but my wife. When my son's friend used to meet
my wife, they used to say, what's she doing with me? I

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loved it. My wife was astunner, elegant, simple, broody,
more like Grace Kelly than I don'tknow. She just had the right look
and I was always so proud tobe with her. And here we show
up the first night. We wereshocked at how different people looked. Very
clearly. When they say love isblind, it's true. Love is blind.

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I remember saying to do you realizethat if we lined up twenty of
the men and twenty of the womenand decided we would pair them who we
thought were husbands and wives, wewould get none of them right. And
it was a funny phenomenon. Itgot me thinking. And this week I
had a number of circumstances just sohappened that a group of us, my

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family ended up in Long Island ata restaurant called Cippollini, great Italian restaurant,
beautiful indoor setting, but it's outdoorwhere the money is, and it's
really difficult to get outdoors. Somy sons went there before me in and
behold, by the time I gotthere ten minutes later, they were a
perfectly centered table outside and it wasgreat. What a place to be observed,

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but more importantly to abserve. AndI watched and I looked, and
I thought about how this luxury centerdraws people that understand fashion or don't.
And I got particularly interested in thecouple's therapy when I saw the couples come.
And it never ceases to amaze methat if it wasn't for bad taste,

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some people would have no taste atall at this restaurant. The women,
particularly the ones who wanted to eatoutside with their husbands or dates,
are significant others, whatever the casemay be. We're all dressed as best
as they knew how luxury clothes,the it handbags, the right shoes.
You could see it. And theguys were horrible. Now, I will

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say, if you take one inten of the couples, the guy would
look okay. He'd be wearing theright pants, the right shoes, with
the socks. I'll forgive him.You know, when you're wearing long pants
and you're wearing those socks and you'renot wearing a suit or a tuxedo,
I forgive you, it can lookgood. One in ten of the guys
looked like they belonged with their wives. They looked like they were going to

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the same place. The balance ofthe guys were showing up and shorts and
sandals, and even a guy withthe tank top showed up. How he
got to get seated outside is beyondme. Maybe because his wife was fantastic
and she was worth looking at.But the mismatch reminds me Jesse. I
went to visit him once in college. I surprised him. I got there

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on a Friday night and they wereall at the neighborhood hangout. And as
I'm walking towards it, I seeall the girls. My head was spinning.
Now, I'm not supposed to lookat college girls. I'm not looking
at them from a dating perspective.I'm married. I'm looking at him.
I'm watching it, all the tightdresses. I can't believe what I'm looking
at how these college girls got ittogether to go out night, and all

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the guys are wearing school sweatshirts andsweatpants. Such a mismatch. And here
I am, all these years later, and I'm watching this at Chippollini and
Long Island Great restaurant, and itreally bothered me. The one thing that
bothered me about the women, orsome of them, there were women that
stuffed themselves in the tightest dresses.I could forgive that almost except for the

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fact that there was so much cleavage. I was embarrassed to look at them
and their shoes and the heels wereten feet tall, and all the jewelry
and the handbugs. They were doingeverything. I applaud people who want to
look their best, but at thesame time, you gotta know what you're
doing. Come on, ladies,look in the mirror. I can't believe

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what I was looking at, howoverdone women could be. Now what criteria
do I bring to this table toeven have this comment? Well, One,
I'm human, Two, I havegood taste. Three I work for
two of the largest companies in theworld, the last Louis Vuitton, moo
Ena Hennessey. I ran the DonnaKaran Company, the dec and Y Company.

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I get it. I've written twobooks on fashion. You know,
usually I give a woman a passbecause by and large you care more about
fashion, You understand that, youinterpret it well, You're great at what
you do. I applaud anyone whorealizes that perhaps by making yourself look as
best as you can, you're puttingthe best front you can in life and

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giving yourself the best chance of happinessand enjoying and feeling comfortable with who you
are. I believe we have anobligation to package ourselves. I just want
to call out, you can't doeverything, ladies. You have to pick
your spots. You'll look over thetop. That was my observation on fashioned
daydreaming this week while I was havingdinner. But corporate fashion has something to

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say this week. I want totalk to you about corporate America and the
fashion business in particularly because I thinkthere was an interesting phenomenon this week.
Would you believe the Tapestry bought CaprisHoldings? Now hold that thought because none

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of you know what Tapestry is andnone of you know what Capri Holdings are.
There is an issue with companies todaythat things have changed. When Bloomingdale's
was established, there was a guynamed Bloomingdale's. When Macy's was established,
there was a guy named R.H. Macy's. But over time,
companies acquired each other. And Idon't know whether you know it or not,

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but Bloomingdale's is owned by Macy's.But at one time they owned multiple
brands. They owned Birdines in Florida, they owned Last Rifts in Kansas City.
I don't know, they own thewhole chain of stores. So they
had a different name. The namewas Federated Department Stores. They consolidated all
these department stores under one name calledFederated because would it be appropriate to call

(25:14):
the place Macy's if you have allthose other stores, even though Macy's was
the biggest. No. And tothis day, Macy's has Bloomingdale's under earth.
But they've learned their lesson. Andwhy is it important? Because all
these companies are public companies and theytrade on Wall Street, and you want
to name that. Stockholders, stockpurchasers, people who want to buy stock

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will recognize there's a difference between FederatedDepartment Stores and Macy's. One you know,
one you don't, which brings meback to Tapestry and Capri Holdings,
but I'm not going to tell youyet who they are. When I was
at PVH, which is the companyas it's known today, PVH, which
means nothing was known at Phillips vanUsen that many people thought Phillips was the

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name they recognized. There a numberof companies called Phillips van then Newson was
one of the world's most famous shirtcompanies. When the company was established,
it was a mono brand company.All they owned was van Using shirts,
and it was appropriate that the companybe named Phillips, which is a founding
family, and purchased the name vanUsen, so Phillips van User was highly
recognizable. But as time went on, the company bought other brands Isaza,

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Jeffrey Bean, Tommy Hill, FigureCalvin Klein, and the CEO at the
time I was the president wanted tochange the name of the company from Phillips
van Us into Calvin Klein, withthe idea that if your name of the
company was Calvin Klein, everybody wouldknow you. And if you're on Wall
Street and your ticket tape is there, whether it's c KO Calvin Klein.
If shareholders wanted to buy companies andthey want to invest in your company,

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they would recognize Calvin Klein, theywouldn't necessarily recognize that Phillips van Usen owned
a number of these brands as aconsolidator of brands, and there was a
great deal of talk, but wefelt we had too much equity at the
time in Phillips venues and the decisionwasn't made. After I left, the
dialogue went on and they eventually changedthe name of the company to PVH.

(27:10):
I don't know if that's a goodthing or a bad thing. My second
job, of consequence was the LVMHL for Louis v Fa Viton, M
for Moette H Fantasy, Louis Vaton, Moett Hennessey. But when they started
to acquire other companies, somehow oranother, it became LVMH Louis Vuitton Moet
Hennessey. I guess they liked thering of it, and I don't know.

(27:30):
Maybe those were the two biggest businessesat the time. But today the
company owns sixty three different brands atmy last count, so you can't call
them by all those different brands.But back to Tapestry and Capri Holdings,
Tapestry is Coach, but Coach ownsa number of other brands as well,

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and somewhere along the line, underthe same principle that they wanted to be
recognized as a consolid dater of brands, they named themselves. Tapestry means absolutely
nothing, but the idea is you'resupposed to recognize these initials, these names,
so you'll buy this stock. Theybought Capri Holdings. Capri Holdings is

(28:14):
Michael Kors, but Michael Cores purchasedJimmy Chow as well as another brand or
two, and they became Capri Holdings. And why am I telling the story?
You know, I was daydreaming.Only a few years ago. Michael
Core's as a company did something thatmaybe no one else has ever done.

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They took this tiny company, basicallyspeaking Michael Kors, which is a designer
ready to wear company, very expensiveclothes, and americanized it and they made
it available to the world. Theymade it affordable. They began with incredible

(29:00):
handbags and transferred it into shoes andready to wear and clothes and sunglasses.
They did something that very few companieshave ever done on such a grand scale.
I remember being in China sitting withthe people of LVMH and one of
their brilliant marketing guys, one ofthe brilliant people based in China, and

(29:25):
we were talking about can DC andwhy be the next Michael Course And he
leaned over and he said, MichaelCourse is a miracle, isn't it?
And I hadn't thought it that way, but it was a miracle. Seventeen
million dollar company became four billion.The management at the time who had purchased
the company had a view. Theyhad Michael onboard. They hired the right

(29:48):
people, They designed the right products, they put them at the right prices,
they saw them in the right factories, They gave the right quality,
they provided the imagery. They provideda company that looked like luxury, but
at affordable prices. There's no suchthing as affordable luxury. It either is
luxury or is not. But theytook a luxury approach to fashion, great

(30:12):
quality, great name, great looks, great design, and made it affordable.
And they created this miracle. Andeveryone in this industry was now chasing
the Michael Core's miracle. And youcan't do it. You can't do it.
Miracles don't happen every day. I'vesaid it to you before. When

(30:32):
you join LVMH, you are indoctrinatedinto this incredible luxury company that does everything
right. They don't make short termdecisions. They don't make decisions for money.
They make decisions that are strategic.They will stay with something, They'll
back anything if they believe there's astrategic advantage, and if it takes two

(30:52):
years or twenty years, they're in. If they believe in what you do,
and they believe in a brand,and they're remarkable that way. But
the first thing they tell you,don't think you could be Viton. There's
only one Vton, and at thistime there's only one Michael Coors and now
Tapestry, the owner of Coach boughtthis week Capri Holdings, which was the

(31:18):
owner of Michael Kors. Michael Coorsover the last few years has been downtrending.
Michael Kors is no longer a miracle. Michael Coors is still a great
business, but it isn't what itwas, which brings you to the problem
of initials companies and whether companies cangrow. The minute a company stops growing,

(31:41):
they're under attack from the stockbrokers,from the shareholders, from competitors.
Everyone is nibbling or gnawing at theirbusiness. And the problem with a company
like Michael Coors, it grew toobig, it couldn't sustain that growth.
They acquired Jimmy Choo, they acquiredstuff to try and keep the momentum going.

(32:05):
It didn't happen. And that miraclein Michael Kors, those initials,
those Wall Street things, we're onmy mind this week. So as we
go forward, we're going to seea new consolidated company. I don't know
what they're gonna call Capestry. Idon't know if they're going to change their
name again, because now it's notjust Coach, but it's Coach, Michael
Cores, etc. I don't knowwhether they'll have new initials or what have

(32:28):
you. I do know that theysaid that they did this to take on
the European giants karag LVMH. I'mafraid no one's taking them on. So
I've been day dreaming. I've beenthinking about these things, and at the
moment I've shared with you some insight, behind the scenes, behind the curtain

(32:50):
stuff on the fashion world. NowI can daydream again back in a minute.
Always in fashion been a lifetime ofmy career, building the van Usen
brand, and I am so pleasedthat they're back with us now talking about
suits. Men, We're dressing upagain and it's become cool to wear a
suit. Suits can be won onmultiple occasions in multiple ways. You can

(33:15):
wear a suit formally to go outat night or to an event, to
wear a suit to the office withor without a tie. If you look
closely, now fashion trends, suitsare being worn with turtlenecks or mocknecks.
The choices are endless, and everyone of them looks right. You could
really really look the part. Ibelieve that packaging yourself this is important,

(33:37):
does the products you package and wearinga suit is one of those things that
make men look their best. Venusininvented a new idea. It's called the
cool flex suit. It's been engineeredwith stretched technology, giving you the most
comfortable fit and mobility. It's wrinkleresistant fabric, it's cool moisture wicking.

(33:57):
It makes it perfect for all occasions. As we discussed just now, this
new style of looking shop while feelingcool and comfortable is amazing, and I'm
so excited that the van Using companyis involved in this new technology and is
embracing the whole idea of dressing up. Let's not forget van Usen made its
name with dress shirts. It's onlyproper that the suit business follows strongly in

(34:22):
its way. You can find vanusing cool flex men's stretch suits at jac
penny are online at j C penneydot com. Guys, they're great.
You should go look at them.Welcome back to Always in Fashion. Here's
your host, Mark Webber. I'vebeen daydreaming. I love the innocence of
daydreaming. I love the idea it'smy time. I believe in me time.

(34:46):
When you think about all the timeyou spend on others, for others,
and when you ask yourself, whatdo you really do for you?
I mean, I have a lotof time to do things. I'm happy
about that, but you know I'mwriting checks, mailing bills, doing laundries,

(35:07):
doing errands, doing all the thingsyou have to do to get through
the day. But what do youreally do for yourself? I think about
all the time I spend for mychildren, helping them, friends, when
you have them, asking your favors, things you do for people, things
you must do, have to do, should do. How much is me
time? Well? I have mydaydreaming. I have this quiet alone time

(35:30):
where I get a chance to thinkand dream and think about what could have
and should have. I love theidea when I have nothing on my mind.
I'd like to be one of thosecartoon characters where you see in the
comic books above their head a littlecloud and what they're thinking. And I
love when the cloud above my headis empty. I love it. There's

(35:53):
something so calming about that. AndI'm trying to what's going on in the
world. And I refuse this weekto engage I did last week. I
let it drove me crazy. Ilet it mess up my psyche. I
let it get it to me likeit gets to so many other people.

(36:14):
But that's for another day. Yes, I didn't want anything to upset.
When I'm thinking and I'm enjoying mytime away from the world, I could
daydream anywhere. I could also fallasleep anywhere. The problem with sleeping for
me is when I sleep, Ithink about work and I don't work.
I don't get it. I'm retired. My subconscious is still working all these

(36:35):
ideas and thoughts and how to improvethis, and how to help this one
and that and build this Brandon thatthat's then when I'm sleeping, I want
to sleep and dream about this stuff. But the daytime dreaming right in the
middle of everything. I could doit anywhere. But something broke through this
week and really really upset me.And it's Apple stock. I don't like

(37:00):
thinking about money, I don't likethinking about investments. I don't like thinking
about stock. If I'm invested instock, it's for those things that I
think are no brainers, no risksover time will be amazing. And I
have to say I have very fewinvestments in stock, but the ones I
do are pretty much that. Butthis week Apple took a huge hit.

(37:23):
I think it was as much astwenty percent of their value one away billions
of dollars. There were three trilliondollar company they no longer are and why
because they missed either second or thirdquarter projection. And here's what bothers me
about this. There's no other companylike Apple. There's Samsung, and there's

(37:46):
this guy, and there's Google andthere's this. But when it comes to
technology and products, there's Apple andno one else. Apple dominates over Samsung.
You can't can compare the numbers.Those of you who own samsunk phones
and Android and all of this nonsenseversus Apple. I don't get it.

(38:07):
They've changed our lives. It's unbelievablecompany. And because they miss a quarter,
they didn't sell as many cell phonesas they thought they would sell,
knowing of course, that there's anew cell phone coming out in September.
Who would buy a new phone rightnow if you don't have to. I
don't get it. But they losttheir numbers, and it really really bothered
me to see the value of myApple stock go down. I've talked about

(38:31):
the fact that I was the CEOof a public company. When I used
to sit in my corporate seat andI used to think about my future.
I used to draw a line betweenmy legs, an imaginary line, and
I would say, where am Igoing to my future? And I would
draw this imaginary line, and onmy left leg, I'd say, this

(38:52):
leg is getting promoted, and onmy right leg, this one's getting fired.
And I never knew what would reallyhappen. Really to this day,
never knew what would happen. Idon't know if I'll be on the radio
for next ten days and the nextten years. It's not up to me.
And this case is up to you. It's up to the sponsors that
they love me, they like me. To the people listening. It's almost

(39:12):
as if I have no control.I could do great shows, I could
be bad shows. I like tobelieve that I'm doing the body of work
is terrific. Everyone I run into, who's listener? I asked to become
a listener new list and writes me, talks to me, tells me how
entertained they are. A young womansaid I'm adorable this week. Thank you
to her if she's listening. Itcame back to me. But I was

(39:34):
never in control. I was theCEO of a public company. I knew
everything the company was going to do. I knew every dollar, I knew
every single initiative. I knew whenthe company's stock should rise because I knew
my numbers were going up. Nowin this world, and when you're a

(39:55):
public company, you have to sharewith the Wall Street, you have to
share with all the investors what's happeningin the company, generally once a month,
if not once a quarter. Andthen you sit down and explain to
all the investors, only investment people, all the representatives, here is what
the company is planning for the nextthree months, four months, the next

(40:16):
quarter, the next half a year, the next year. Here's where we're
going, and we believe we shouldbe rewarded for our efforts. Or even
if we have a problem, weunderstand that you won't like it, but
here's how we're going to fix itin where we are. And it's a
good system because you're asking people toinvest in your company, and they should
be getting honest and truthful information sothey can make wise decisions. And so

(40:40):
if they believe in your company,whether you had a good quarter or a
bed quarter, they understand. LikeApple just out a bed quarter, I
understand, and the stock went down. So here I am at this big
public company. I'm the CEO.I know everything's going I never could tell
you whether stock would go up orwhether the stock would go down. In

(41:00):
the entire history of my corporate career, I have never sold a piece of
stock at the highest price. WhetherI was a CEO or an officer of
the company, I never knew.Because Wall Street evaluates you in different ways.
First of all, you have aplan, and your plan has to
be aggressive enough to merit the stockgoing up. If your ownings are going

(41:22):
to go up a few percentage points, you don't get rewarded on Wall Street
to that degree. If you area growth company and you grow fifteen twenty
percent a year, you're going tobe rewarded. Number two, every company,
every industry is awarded a multiple thatif you're going to earn a billion
dollars, there's a multiple. Itcould be five percent, ten percent,

(41:43):
twenty percent. That multiple is appliedto the billion dollars in the amount of
shares you have outstanding, and itputs the value on the stock. And
number three, when you tell thestreet that you're going to do something,
they have to believe you. Andthen the street evaluates the individual who's talking
to the individual steam and three theirtrack record. Have they delivered what they

(42:06):
said or have they not? Sothe combination of your earnings, the combination
of your industry, and the multiple, and the compliment of whether or not
they believe in the management is whataffords you the stock price that you will
receive, that you're rewarded. Andeven as the CEO of a pump the
company, you never know which takesme to my four stockbrokers, what are

(42:30):
they for? They certainly have moreinformation than you'll ever have. They get
all the readings from all the analystsand their company, telling them the companies
they reviewed, what they think willhappen with the companies they dissected. They
have all this information. The fascinatingthing is, I know, as the
CEO of I didn't know what's goingto happen to my company. How could

(42:51):
they possibly know? So of myfour stockbrokers, of which all of them
I had Apple stock, not oneof them called me to warn me that
the stock might go down. Noneof them how to clue. And if
they did, they certainly didn't callme. Maybe they called their more important
customers, but they didn't go allme. Of my four stockbrokers, not

(43:16):
one of them has called me toadvise me what to do now. Is
this the time to sell? Isthis the time to buy more? Is
this the time to worry? Isit not the time? Not one each
trade I've never tried them, butI'll never forget. They are billboards on
all the buses in New York Citywhen they came out. If your stockbroker

(43:38):
was so smart, how come he'sstill working? Isn't that an interesting question?
So here I am invested in thegreatest company in the world. In
my opinion, they just had ablip this quarter and didn't do what they
were going to do. They didn'tdo what they said. The stock is
thanked, and here I am daydreamingabout happy things and now have to worry

(44:00):
whether my money is safe and nota single person involved with me has given
me any advice to this regard.Now I know why my stockbrokers are still
working. Yeah, I was daydreaming. This interfered with my reverie. I

(44:22):
guess the greatest thing to say toyou about stock is you only lose money
in stock when you sell it whenit's down. Think about that. You
can't lose it while you own iton paper, it goes up and down,
but when you sell it is whenyou lose money. So my advice
to you in the world of stock, as I sit here daydreaming about what
my future stock is going to looklike, is one, don't invest what

(44:46):
you can't afford to lose. Twothink about the long time you don't sell
when you don't have to sell.Hopefully this was helpful, So I want
to daydream a little about your futureinvestments. Never buy anything you can't afford
to lose. Talk to you ina minute. Always in fashion, I've

(45:07):
been shopping for fun lately, andwhile I'm out, I always look at
men's and I look at women's what'sgoing on? And I was particularly interested
in Decamy because of their sponsorship ofthe show. I went downstairs at Macy's
thirty fourth Street to look around andI saw dekmy active where And I promise
you, ladies, it is sensational, from the sports bras to the crop

(45:29):
tops, to the leggings and thesweats. It really is a great look.
And Decay had begun as an allAmerican brand dressing casual clothes engines,
and the stuff looks incredible and rightnow the colors and the styles is so
exciting that I feel great about thecompany. I always do. I wear
the men's wear all the time.I've had situations where I've gone to big

(45:52):
events and been interviewed in TV orradio and someone comes up to me the
microphone and like they always do,who you're wearing? And here I am,
this big shot with big company andthey say, well, I'm wearing
a DKNY and they laugh and say, no, you're not. Actually have
one on the internet where you couldsee me. They asked me what suit
I'm wearing, and I say,dec and why had opened it up and

(46:12):
there's the DKNY label. Great fashion. It fits well, it looks right.
It's designed to make you comfortable inthe city, goes from day and
to night. You can wear itin the morning and wear in the afternoon
and you look cool at night aswell. It's great for the office.
It's great, Felicia. But Iwas talking about the DKNY activewear. The
first time I really became aware ofthat. Jesse and I were up at
Sirious Radio. He was doing ajob for Serious. He does Dan Abrams

(46:37):
show, he fills in on thePotus Network and we're in the lobby and
this hip hop group came up.Well, this really great looking Latino singer
girl Young beautiful, and she waswearing a dk and Y sports bra,
and I said to myself, thisis amazing. Actually went to Macy's to
see it, and I'm excited aboutthe brand. And I'll tell you what,

(46:58):
ladies, dk Y always says greatfashion for work, always wonderful dresses
and things that you'd wear. Theiraccessories are great, the shoes are always
very cool. But activewear in particularright now looks sensational and being that everyone's
athleisure in activewear, it's a greattime dkm Y go take a look.
As one of the world's most celebratedfashion designers, car Lagafeld was renowned for

(47:20):
his aspirational and cutting edge approach tostyle. His unique vision of Parisian ship
comes to America through car Lagafeld Paris. He has women's collections, men's collections,
ready to wear, accessory, shoesand bags. The fashion house car
Lagafeld also offers a range of watchesiwear in premium fragrances. You can explore
the car Lagafel collection at Carlagofeld powisdot com. But it's more than that.

(47:44):
If for one love to shop,I love going around and seeing what's
happening and what catches my attention,what would make me feel good to wear
Now. I don't wear the women'swear obviously, but I can appreciate it
and may look amazing. If youwant to look right, you want to
have clothes that fit you well.You want to look like you're wearing something
that's very expensive, that's exclusive foryou and yours. You can find it

(48:07):
at very affordable prices at Macy's orCarlgafel dot com Paris. The women's ready
to wear fashion is extraordinary, aswell as the hand egs and the shoes.
I for one, wear men's clothesand onlike my appreciation of women's clothes.
I'm a modern guy. I wantto look current, I want to
look the way I want to feel. I go out at night, I'm

(48:28):
in black and Carl Igafelt is mybuddy. Calls are great, they fit
great, and they have little tweaksand touches, whether it's a stripe on
the sleeve or button at the neckor on the shoulder. There's a lot
of details that go into Carl Agafeltbecause he's always been, he always had
been one of the world's great designers, and this legacy and goes on and
on. I can't speak enough aboutit except to say to you, you

(48:50):
want to feel good about yourself.You want to know that you're dressing properly.
You want clothes that fits you well. Carl Lagafeld Paris at Macy's or
Carlo com. Welcome back to Alwaysin Fashion. Here's your host, Mark
Webber. This is one of thosetimes that are for me. I'm bringing
you along for the ride. Ifyou think about it, there's a number

(49:15):
of very important lessons since tonight's show, perhaps nothing more important than me time.
When you consider all the time youspend doing things for others, not
necessary things that you choose to do, whether it's work, errands, making
life easier for your friends and families, what do you really do for you?

(49:37):
Whenever I would interview people on theshow before COVID, when I did
interviews, I would ask someone atone given time, what are you doing
me time? And they would say, well, I would take my children
here. I really enjoy that.That's not for you. Your time is
your time. My metime today isspent more than anything within my own mind.

(49:59):
I have a lot out of timeto do what I want to do,
and I think, and I enjoythinking, and I enjoy my time.
The only time I'm really thinking workwhen I'm awake is when I'm thinking
about what I want to talk abouton the show. And more times than
not, it just comes to meout of the blue. I started to
think this week about what makes mehappy. Happened to be lying down out

(50:22):
back looking up at the sun.Sky was blue, no clouds, birds
singing, nothing on my mind onlypleasant, happy things, and lo and
behold it became this week's show,What a Night for a Daydream? Take
time for yourself, always, taketime to read, to think, to

(50:45):
consider options. There are a lotof people in this world who have good
things to say. There are alot of people who talk fake news and
nonsense. This was a week thatall I wanted to do is think happy
things, and I was until thestock market got in the way. But
nonetheless, maybe some good will comeout of it for you when you think

(51:05):
about what I've said Tonight, ifnothing else, dream a little dream for
me. Good Night,