This show is produced and hosted by Mark Webber. The show is sponsored by
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the sponsor and not necessarily the opinion of seven ten wo r or iHeartMedia.
Who is Mark Webber. He's a self made business executive here to help you
find your success, from the New York City projects to the Avenue Montaigne in
Paris. His global success story in the 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, I clearly remember my first day dreaming at eight
o'clock in the morning, beautiful summer day, eighty five degrees, slight wind,
blue skies, now clouds, birds singing, insects tirping. I'm ten
years old, not a care in the world, lying down in the grass
under a huge maple tree, looking up at the sky. I'm so calm
lying there, I'm the first of my friends out and about why is the
sky blue? I wonder? Swimming on baseball today? I think both.
I remember this day so clearly, no plans, thinking about nothing, no
cares in the world. It's a happy time. It's called day dreaming,
innocent of a child. I've always been a dreamer. What if can?
I? Would? I should? I? Is it possible? In my
own world? Webb's world, my rules floating, never a care in the
world, no politics, no problems, no nothing, just happy. Interestingly,
I've noticed I dream vivid dreams at night, new ideas, new ways
to do things, always about working, go figure. I'm retired, but
my subconscious is not. But I'm a world class day dreamer. No surprises
here, lots of free time, tons of a lone time. It's funny.
I have little to do, but not enough time to get it done.
So many dangerams when you have the time to just think. I never
dreamed about success. I was too busy working for it. I never asked
for things to be better. I asked of myself to be better. And
here I am this week, all these years later. A blue sky,
a slight breeze, no plants, grass, trees, looking up at the
sky. Why is the sky blow by the way, I'm dangeraming about life?
It's perfect. I think I've got to figure it out. At least
the things that have caught my attention. I've been dreaming of what could be,
but only nice things. I've been thinking about Webb's world more than usual.
Should I worry that I'm not here with 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
son's, my family, and a friend. I have people i'm with.
Please don't take it personally, but I gotta tell you, between you and
me, unless I'm going to benefit from the chit chat, I prefer Webb's
world. It's more interesting in my head. I get to pick the topic.
So you might ask me, would I rather ignore you than engage than
be interesting? You spend the bulk of your time doing what you want.
Why can't I spend the bulk of time doing what I want. I don't
ignore you necessarily. I always answer the phone when they call. I always
am there to handle problems as they ride. 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 daydreaming is me time. Why do I own
anyone their time in exchange from me time, 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 to acknowledge them. But now we're discussing normal
the truth. When someone of substance and truths, I'm willing to listen,
I'm there. But often if you listen to what they said, ninety nine
percent of the time, I'm sorry. I break away from my daydreaming to
engage. Now. I either need more interesting people around me, or I
have to entertain myself. You see, this is interesting. I'm engaged.
I may be impossible, but I think of myself as unique. Some might
say I'm annoying. I'd say, perhaps all these people aren't breaking through.
They're boring. You might say to me, it's the whole world boring.
Maybe I knew at some point we would agree on this. I surrender.
I surrender here. I know that my day dreaming is not exactly fair,
but it's what I want to do. And I've noticed this week that I've
been in a quiet place. I haven'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 is more interesting, but certainly to me,
I'm thinking about stuff that I want to think about. I saw an article
the other day which is where I want to go to begin with. On
the strike. I need my movies from Hollywood. I'm worried that for the
next half a year we're going to be 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 father was in the union, and to a
great extent, as a working man, the union protected him, and I
felt it in my family. I felt that the union was looking out for
us, so I grew up with that as a young boy. When I
went into business, it became a corporate executive, I didn't have quite the
same feeling. The unions were protecting the workers from me, from my guys.
I didn't understand it, but I respected it. And what I did
is I went out of my way to avoid the conflict. Anytime I could
shift the responsibility of dealing and managing the unions, I did. We had
unions in our warehouse facilities, we had unions in our offices. We had
many dealings with the unions, and I respected the idea because of my background
growing up that the unions were trying to do the right things for people.
So that's where I am on the union, and there we are. I
get this article and I read it and of old people, it's Billy Porter.
I know him for the guy wearing dresses 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 want guys wearing dresses. I don't want them
wearing shorts. I don't want them wearing sandals, but certainly dresses. What
signal is that sending? And it always bothered me. But bottom line,
that's how I knew him, and I found him entertaining. And you know,
if you can get into that look, he is, as I said,
entertaining. But he's in this article talking about the strike and he said
I had to sell my home. I was taken aback. There's a lot
of lessons here. On one hand, every time you see someone in Hollywood
you think this super rich. The truth be known if you listen to what's
going on with the union and the problems, and to strike behind the office,
behind the a list is behind those people that we all know and admire
and know how wealthy, they aren't successful. There's a lot of working people
who don't have that kind of success. The other side of the story is
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 for were canceled, number of projects are delayed,
and now he's in trouble. He has to sell his home. Is
that the way you want to live your life, you should know what you
could afford. You don't buy a home unless you can afford it. You
don't take a mortgage unless you can afford it. You don't buy things you
can't afford. You have to have a budget. You have to know what
you need to know. My entire life, I lived in a small home.
It was only when I thought about retiring 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
on me. Did it make any sense? No? But I will tell
you there are things that you need to consider in life. If you're planning
your future. If you're can invest in stock, you better be able to
afford to lose it. If you're going to take business risks, you better
be afford to lose it. If you're going to gamble, sorry gambling industry.
If you're a moron and you're gonna gamble your hard earned money, you
better not gamble away anything more than you can afford. If you're going to
buy things, do not buy them on 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 how they get away with it, but they
do. That's why every day you get mail asking you to join this credit
card or take that acrud because yes, they want the banking fees for doing
the transactions for you, but the money they make and charging interests that people
don't pay their bills off the way is crazy. As you surious. It's
like a loan shock legal loan shocking twenty percent interest. That's why they encourage
you pay only what you have to pay, because they'll keep you on the
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 plan properly. Now, as far as the
union is concerned, and as far as this strike is concerned, both parties
are right. That's why there needs to 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,
Barbie Oppenheimer, Mission Impossible, Maverick, a handful of movies that made
billions of dollars. But the rest of the movies, no one is going.
So Hollywood has not recovered. And the executives managing these filmmakers, the
executive managing the movie theaters, the executives managing all of these businesses are struggling
to try and get back on point. Their businesses are in jeopardy and the
idea of paying more wages or renegotiating contracts 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 of view. But on the other hand,
on the other side, the world is changing. Movies now are streaming
more and more. Movies are making the effort to make believe they're going to
be in theaters for a little week or so and then put them right to
TV for streaming networks. TV shows are being built just for streaming networks,
and all the people behind the scenes doing the work that is now turning out
to be streaming, not cable TV, not even national TV. It's now
on these streaming services. Their contracts do not provide for those efforts. Throw
an artificial intelligence and the question of intellectual 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 artificial intelligence is threatening the very future of these
people owning their rights, even having a say of what's done with their image.
If you're Brad Pitt or George Clooney or Margot Robbie or you pick them,
and you're in a movie, now someone could take your face and the
things you said and put it all over the internet with not paying you for
your efforts. You deserve to be paid and all those writers and all those
workers behind the scenes doing work that have contracts that applied to movies or to
television are now under threat of not getting paid for the way in which the
industry is going. Both parties have something to say. It would be my
guests not knowing what I don't know that 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.
I want them to make peace. But there has to be a negotiation,
and in most negotiations, both parties have to be satisfied. In every
negotiation they do. There's never one side right or wrong, particularly when it
comes to the unions, who are looking 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
see Oppenheimer, which I thought was an amazing movie that I didn't enjoy,
Mission Impossible that left me hanging for the next episode, and Barbie I'm just
not going to see give me a break. 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. Tonight show is what a night for a daydream.
I'll be back in a minute. Always in fashion. As one of
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And here's the thing, ISOD is affordable. Everyone listening to me talk about
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but at the price points, no one can compete. You can find eyes
That at your leading retails and online at eisod dot com. Talk to you
later, guys. I wish you are very happy spring and summer, and
I help you by telling you if you wear EYESOD, you're gonna look great.
Welcome back to Always in Fashion. Here's your host, Mark Webber.
I've had plenty of time, and that 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 do next. Kind of liked it. I
love the simpleness of it. I love the feeling of no cares in the
world. And that's how I lived this week. In fact, tonight's show
is old What a night for a daydream. I'm talking about the things that
cross my mind. They got me thinking during the week. No bad stuff,
no wars, no peace discussions, no disease, no divisiveness in this
country, no ugly stuff. For me. It's only nice, all them
sweet things, things that I noticed or things that got me thinking. Let's
call this for the moment. Couples therapy I remember so clearly the first time
I had a company function, the first time I had a chance to go
to function with my wife. Company had a company dinner and my wife and
I got to dress up. My wife was a beauty. I have to
say, I think I'm a decent looking 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
loved it. My wife was a stunner, elegant, simple, broody,
more like Grace Kelly than I don't know. She just had the right look
and I was always so proud to be with her. And here we show
up the first night. We were shocked at how different people looked. Very
clearly. When they say love is blind, it's true. Love is blind.
I remember saying to do you realize that if we lined up twenty of
the men and twenty of the women and decided we would pair them who we
thought were husbands and wives, we would get none of them right. And
it was a funny phenomenon. It got me thinking. And this week I
had a number of circumstances just so happened that a group of us, my
family ended up in Long Island at a restaurant called Cippollini, great Italian restaurant,
beautiful indoor setting, but it's outdoor where the money is, and it's
really difficult to get outdoors. So my sons went there before me in and
behold, by the time I got there ten minutes later, they were a
perfectly centered table outside and it was great. What a place to be observed,
but more importantly to abserve. And I watched and I looked, and
I thought about how this luxury center draws people that understand fashion or don't.
And I got particularly interested in the couple's therapy when I saw the couples come.
And it never ceases to amaze me that if it wasn't for bad taste,
some people would have no taste at all at this restaurant. The women,
particularly the ones who wanted to eat outside with their husbands or dates,
are significant others, whatever the case may be. We're all dressed as best
as they knew how luxury clothes, the it handbags, the right shoes.
You could see it. And the guys were horrible. Now, I will
say, if you take one in ten of the couples, the guy would
look okay. He'd be wearing the right 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're not wearing a suit or a tuxedo,
I forgive you, it can look good. One in ten of the guys
looked like they belonged with their wives. They looked like they were going to
the same place. The balance of the guys were showing up and shorts and
sandals, and even a guy with the tank top showed up. How he
got to get seated outside is beyond me. 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
on a Friday night and they were all at the neighborhood hangout. And as
I'm walking towards it, I see all the girls. My head was spinning.
Now, I'm not supposed to look at 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 tight dresses. I can't believe what I'm looking
at how these college girls got it together to go out night, and all
the guys are wearing school sweatshirts and sweatpants. Such a mismatch. And here
I am, all these years later, and I'm watching this at Chippollini and
Long Island Great restaurant, and it really bothered me. The one thing that
bothered me about the women, or some of them, there were women that
stuffed themselves in the tightest dresses. I could forgive that almost except for the
fact that there was so much cleavage. I was embarrassed to look at them
and their shoes and the heels were ten feet tall, and all the jewelry
and the handbugs. They were doing everything. I applaud people who want to
look their best, but at the same time, you gotta know what you're
doing. Come on, ladies, look in the mirror. I can't believe
what I was looking at, how overdone women could be. Now what criteria
do I bring to this table to even have this comment? Well, One,
I'm human, Two, I have good taste. Three I work for
two of the largest companies in the world, the last Louis Vuitton, moo
Ena Hennessey. I ran the Donna Karan Company, the dec and Y Company.
I get it. I've written two books on fashion. You know,
usually I give a woman a pass because by and large you care more about
fashion, You understand that, you interpret it well, You're great at what
you do. I applaud anyone who realizes that perhaps by making yourself look as
best as you can, you're putting the best front you can in life and
giving yourself the best chance of happiness and enjoying and feeling comfortable with who you
are. I believe we have an obligation to package ourselves. I just want
to call out, you can't do everything, ladies. You have to pick
your spots. You'll look over the top. That was my observation on fashioned
daydreaming this week while I was having dinner. But corporate fashion has something to
say this week. I want to talk to you about corporate America and the
fashion business in particularly because I think there was an interesting phenomenon this week.
Would you believe the Tapestry bought Capris Holdings? Now hold that thought because none
of you know what Tapestry is and none of you know what Capri Holdings are.
There is an issue with companies today that things have changed. When Bloomingdale's
was established, there was a guy named Bloomingdale's. When Macy's was established,
there was a guy named R. H. Macy's. But over time,
companies acquired each other. And I don't know whether you know it or not,
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 the whole chain of stores. So they
had a different name. The name was Federated Department Stores. They consolidated all
these department stores under one name called Federated because would it be appropriate to call
the place Macy's if you have all those other stores, even though Macy's was
the biggest. No. And to this day, Macy's has Bloomingdale's under earth.
But they've learned their lesson. And why is it important? Because all
these companies are public companies and they trade on Wall Street, and you want
to name that. Stockholders, stock purchasers, people who want to buy stock
will recognize there's a difference between Federated Department Stores and Macy's. One you know,
one you don't, which brings me back to Tapestry and Capri Holdings,
but I'm not going to tell you yet who they are. When I was
at PVH, which is the company as it's known today, PVH, which
means nothing was known at Phillips van Usen that many people thought Phillips was the
name they recognized. There a number of companies called Phillips van then Newson was
one of the world's most famous shirt companies. When the company was established,
it was a mono brand company. All they owned was van Using shirts,
and it was appropriate that the company be named Phillips, which is a founding
family, and purchased the name van Usen, so Phillips van User was highly
recognizable. But as time went on, the company bought other brands Isaza,
Jeffrey Bean, Tommy Hill, Figure Calvin Klein, and the CEO at the
time I was the president wanted to change the name of the company from Phillips
van Us into Calvin Klein, with the idea that if your name of the
company was Calvin Klein, everybody would know 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 and they want to invest in your company,
they would recognize Calvin Klein, they wouldn't necessarily recognize that Phillips van Usen owned
a number of these brands as a consolidator of brands, and there was a
great deal of talk, but we felt we had too much equity at the
time in Phillips venues and the decision wasn't made. After I left, the
dialogue went on and they eventually changed the name of the company to PVH.
I don't know if that's a good thing or a bad thing. My second
job, of consequence was the LVMH L for Louis v Fa Viton, M
for Moette H Fantasy, Louis Vaton, Moett Hennessey. But when they started
to acquire other companies, somehow or another, it became LVMH Louis Vuitton Moet
Hennessey. I guess they liked the ring of it, and I don't know.
Maybe those were the two biggest businesses at the time. But today the
company owns sixty three different brands at my 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 owns a number of other brands as well,
and somewhere along the line, under the 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're supposed to recognize these initials, these names,
so you'll buy this stock. They bought Capri Holdings. Capri Holdings is
Michael Kors, but Michael Cores purchased Jimmy 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 that maybe no one else has ever done.
They took this tiny company, basically speaking Michael Kors, which is a designer
ready to wear company, very expensive clothes, and americanized it and they made
it available to the world. They made it affordable. They began with incredible
handbags and transferred it into shoes and ready to wear and clothes and sunglasses.
They did something that very few companies have ever done on such a grand scale.
I remember being in China sitting with the people of LVMH and one of
their brilliant marketing guys, one of the brilliant people based in China, and
we were talking about can DC and why be the next Michael Course And he
leaned over and he said, Michael Course 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. They had Michael onboard. They hired the right
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 provided a company that looked like luxury, but
at affordable prices. There's no such thing as affordable luxury. It either is
luxury or is not. But they took a luxury approach to fashion, great
quality, great name, great looks, great design, and made it affordable.
And they created this miracle. And everyone in this industry was now chasing
the Michael Core's miracle. And you can't do it. You can't do it.
Miracles don't happen every day. I've said it to you before. When
you join LVMH, you are indoctrinated into this incredible luxury company that does everything
right. They don't make short term decisions. 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 a strategic advantage, and if it takes two
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 this time there's only one Michael Coors and now
Tapestry, the owner of Coach bought this week Capri Holdings, which was the
owner of Michael Kors. Michael Coors over 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 it was, which brings you to the problem
of initials companies and whether companies can grow. The minute a company stops growing,
they're under attack from the stockbrokers, from the shareholders, from competitors.
Everyone is nibbling or gnawing at their business. And the problem with a company
like Michael Coors, it grew too big, it couldn't sustain that growth.
They acquired Jimmy Choo, they acquired stuff to try and keep the momentum going.
It didn't happen. And that miracle in Michael Kors, those initials,
those Wall Street things, we're on my mind this week. So as we
go forward, we're going to see a new consolidated company. I don't know
what they're gonna call Capestry. I don't know if they're going to change their
name again, because now it's not just Coach, but it's Coach, Michael
Cores, etc. I don't know whether they'll have new initials or what have
you. I do know that they said that they did this to take on
the European giants karag LVMH. I'm afraid no one's taking them on. So
I've been day dreaming. I've been thinking about these things, and at the
moment I've shared with you some insight, behind the scenes, behind the curtain
stuff on the fashion world. Now I can daydream again back in a minute.
Always in fashion been a lifetime of my career, building the van Usen
brand, and I am so pleased that they're back with us now talking about
suits. Men, We're dressing up again and it's become cool to wear a
suit. Suits can be won on multiple occasions in multiple ways. You can
wear a suit formally to go out at night or to an event, to
wear a suit to the office with or without a tie. If you look
closely, now fashion trends, suits are being worn with turtlenecks or mocknecks.
The choices are endless, and every one of them looks right. You could
really really look the part. I believe that packaging yourself this is important,
does the products you package and wearing a suit is one of those things that
make men look their best. Venusin invented a new idea. It's called the
cool flex suit. It's been engineered with stretched technology, giving you the most
comfortable fit and mobility. It's wrinkle resistant fabric, it's cool moisture wicking.
It makes it perfect for all occasions. As we discussed just now, this
new style of looking shop while feeling cool and comfortable is amazing, and I'm
so excited that the van Using company is 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 only proper that the suit business follows strongly in
its way. You can find van using cool flex men's stretch suits at jac
penny are online at j C penney dot com. Guys, they're great.
You should go look at them. Welcome back to Always in Fashion. Here's
your host, Mark Webber. I've been daydreaming. I love the innocence of
daydreaming. I love the idea it's my time. I believe in me time.
When you think about all the time you spend on others, for others,
and when you ask yourself, what do you really do for you?
I mean, I have a lot of time to do things. I'm happy
about that, but you know I'm writing checks, mailing bills, doing laundries,
doing errands, doing all the things you have to do to get through
the day. But what do you really do for yourself? I think about
all the time I spend for my children, 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 my daydreaming. I have this quiet alone time
where I get a chance to think and dream and think about what could have
and should have. I love the idea when I have nothing on my mind.
I'd like to be one of those cartoon characters where you see in the
comic books above their head a little cloud and what they're thinking. And I
love when the cloud above my head is empty. I love it. There's
something so calming about that. And I'm trying to what's going on in the
world. And I refuse this week to engage I did last week. I
let it drove me crazy. I let it mess up my psyche. I
let it get it to me like it gets to so many other people.
But that's for another day. Yes, I didn't want anything to upset.
When I'm thinking and I'm enjoying my time away from the world, I could
daydream anywhere. I could also fall asleep anywhere. The problem with sleeping for
me is when I sleep, I think about work and I don't work.
I don't get it. I'm retired. My subconscious is still working all these
ideas and thoughts and how to improve this, and how to help this one
and that and build this Brandon that that'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 do it anywhere. But something broke through this
week and really really upset me. And it's Apple stock. I don't like
thinking about money, I don't like thinking about investments. I don't like thinking
about stock. If I'm invested in stock, it's for those things that I
think are no brainers, no risks over time will be amazing. And I
have to say I have very few investments in stock, but the ones I
do are pretty much that. But this week Apple took a huge hit.
I think it was as much as twenty percent of their value one away billions
of dollars. There were three trillion dollar company they no longer are and why
because they missed either second or third quarter projection. And here's what bothers me
about this. There's no other company like Apple. There's Samsung, and there's
this guy, and there's Google and there's this. But when it comes to
technology and products, there's Apple and no 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 nonsense versus Apple. I don't get it.
They've changed our lives. It's unbelievable company. And because they miss a quarter,
they didn't sell as many cell phones as they thought they would sell,
knowing of course, that there's a new cell phone coming out in September.
Who would buy a new phone right now if you don't have to. I
don't get it. But they lost their numbers, and it really really bothered
me to see the value of my Apple stock go down. I've talked about
the fact that I was the CEO of a public company. When I used
to sit in my corporate seat and I used to think about my future.
I used to draw a line between my legs, an imaginary line, and
I would say, where am I going to my future? And I would
draw this imaginary line, and on my left leg, I'd say, this
leg is getting promoted, and on my right leg, this one's getting fired.
And I never knew what would really happen. Really to this day,
never knew what would happen. I don't know if I'll be on the radio
for next ten days and the next ten 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
as if I have no control. I could do great shows, I could
be bad shows. I like to believe 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 woman said I'm adorable this week. Thank you
to her if she's listening. It came back to me. But I was
never in control. I was the CEO of a public company. I knew
everything the company was going to do. I knew every dollar, I knew
every single initiative. I knew when the company's stock should rise because I knew
my numbers were going up. Now in this world, and when you're a
public company, you have to share with the Wall Street, you have to
share with all the investors what's happening in the company, generally once a month,
if not once a quarter. And then you sit down and explain to
all the investors, only investment people, all the representatives, here is what
the company is planning for the next three months, four months, the next
quarter, the next half a year, the next year. Here's where we're
going, and we believe we should be rewarded for our efforts. Or even
if we have a problem, we understand that you won't like it, but
here's how we're going to fix it in where we are. And it's a
good system because you're asking people to invest in your company, and they should
be getting honest and truthful information so they can make wise decisions. And so
if they believe in your company, whether you had a good quarter or a
bed quarter, they understand. Like Apple 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 or whether the stock would go down. In
the entire history of my corporate career, I have never sold a piece of
stock at the highest price. Whether I 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 a plan, and your plan has to
be aggressive enough to merit the stock going up. If your ownings are going
to go up a few percentage points, you don't get rewarded on Wall Street
to that degree. If you are a growth company and you grow fifteen twenty
percent a year, you're going to be rewarded. Number two, every company,
every industry is awarded a multiple that if you're going to earn a billion
dollars, there's a multiple. It could be five percent, ten percent,
twenty percent. That multiple is applied to the billion dollars in the amount of
shares you have outstanding, and it puts the value on the stock. And
number three, when you tell the street that you're going to do something,
they have to believe you. And then the street evaluates the individual who's talking
to the individual steam and three their track record. Have they delivered what they
said or have they not? So the 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 what affords you the stock price that you will
receive, that you're rewarded. And even as the CEO of a pump the
company, you never know which takes me to my four stockbrokers, what are
they for? They certainly have more information than you'll ever have. They get
all the readings from all the analysts and their company, telling them the companies
they reviewed, what they think will happen with the companies they dissected. They
have all this information. The fascinating thing is, I know, as the
CEO of I didn't know what's going to happen to my company. How could
they possibly know? So of my four stockbrokers, of which all of them
I had Apple stock, not one of them called me to warn me that
the stock might go down. None of them how to clue. And if
they did, they certainly didn't call me. Maybe they called their more important
customers, but they didn't go all me. Of my four stockbrokers, not
one of them has called me to advise me what to do now. Is
this the time to sell? Is this the time to buy more? Is
this the time to worry? Is it not the time? Not one each
trade I've never tried them, but I'll never forget. They are billboards on
all the buses in New York City when they came out. If your stockbroker
was so smart, how come he's still working? Isn't that an interesting question?
So here I am invested in the greatest company in the world. In
my opinion, they just had a blip this quarter and didn't do what they
were going to do. They didn't do what they said. The stock is
thanked, and here I am daydreaming about happy things and now have to worry
whether my money is safe and not a 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
guess the greatest thing to say to you about stock is you only lose money
in stock when you sell it when it's down. Think about that. You
can't lose it while you own it on paper, it goes up and down,
but when you sell it is when you 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 look like, is one, don't invest what
you can't afford to lose. Two think 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 future investments. Never buy anything you can't afford
to lose. Talk to you in a minute. Always in fashion, I've
been shopping for fun lately, and while I'm out, I always look at
men's and I look at women's what's going on? And I was particularly interested
in Decamy because of their sponsorship of the show. I went downstairs at Macy's
thirty fourth Street to look around and I saw dekmy active where And I promise
you, ladies, it is sensational, from the sports bras to the crop
tops, to the leggings and the sweats. It really is a great look.
And Decay had begun as an all American brand dressing casual clothes engines,
and the stuff looks incredible and right now the colors and the styles is so
exciting that I feel great about the company. I always do. I wear
the men's wear all the time. I've had situations where I've gone to big
events and been interviewed in TV or radio 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 and they say, well, I'm wearing
a DKNY and they laugh and say, no, you're not. Actually have
one on the internet where you could see me. They asked me what suit
I'm wearing, and I say, dec and why had opened it up and
there's the DKNY label. Great fashion. It fits well, it looks right.
It's designed to make you comfortable in the city, goes from day and
to night. You can wear it in the morning and wear in the afternoon
and you look cool at night as well. It's great for the office.
It's great, Felicia. But I was talking about the DKNY activewear. The
first time I really became aware of that. Jesse and I were up at
Sirious Radio. He was doing a job for Serious. He does Dan Abrams
show, he fills in on the Potus 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 was wearing a dk and Y sports bra,
and I said to myself, this is amazing. Actually went to Macy's to
see it, and I'm excited about the brand. And I'll tell you what,
ladies, dk Y always says great fashion for work, always wonderful dresses
and things that you'd wear. Their accessories are great, the shoes are always
very cool. But activewear in particular right now looks sensational and being that everyone's
athleisure in activewear, it's a great time dkm Y go take a look.
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Carlo com. Welcome back to Always in Fashion. Here's your host, Mark
Webber. This is one of those times that are for me. I'm bringing
you along for the ride. If you think about it, there's a number
of very important lessons since tonight's show, perhaps nothing more important than me time.
When you consider all the time you spend 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?
Whenever I would interview people on the show before COVID, when I did
interviews, I would ask someone at one 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 is spent more than anything within my own mind.
I have a lot out of time to do what I want to do,
and I think, and I enjoy thinking, and I enjoy my time.
The only time I'm really thinking work when I'm awake is when I'm thinking
about what I want to talk about on the show. And more times than
not, it just comes to me out of the blue. I started to
think this week about what makes me happy. Happened to be lying down out
back looking up at the sun. Sky was blue, no clouds, birds
singing, nothing on my mind only pleasant, happy things, and lo and
behold it became this week's show, What a Night for a Daydream? Take
time for yourself, always, take time to read, to think, to
consider options. There are a lot of people in this world who have good
things to say. There are a lot of people who talk fake news and
nonsense. This was a week that all I wanted to do is think happy
things, and I was until the stock market got in the way. But
nonetheless, maybe some good will come out of it for you when you think
about what I've said Tonight, if nothing else, dream a little dream for
me. Good Night,