Seeing a horror story. In 1917, Cartier, the Cartier that sells jewelry, set its sights on a building and wanted to buy it as a shop. That year, the house was worth nearly 1 million US dollars.
The homeowner's wife had always loved pearls, which were very rare and more expensive than diamonds at that time. Coincidentally, Cartier had a pearl necklace priced at 1 million US dollars, which immediately attracted the wife—of course, the necklace was Cartier's, and it could price it however it wanted. Thus, an exchange was made, Cartier got the building, and the homeowner got the necklace.
The landlord couple was, of course, very happy; they received a piece of high-end jewelry that could be passed down through generations.
Just three short years later, in 1920, Japan's Mikimoto successfully promoted cultured pearls, leading to a global price collapse of pearls. The necklace quickly depreciated.
One can imagine, what is the price of a pearl necklace today?
The building that Cartier acquired became its flagship store on Fifth Avenue in New York.
Now, over 100 years have passed, worth more than 170 million US dollars.
I watch with trepidation. Many things in life are essentially exchanges; you always have to use your savings, your youth, your emotions to exchange for something.
The best answer in the past was to exchange for a house, but now all solid things have vanished like smoke, and the times are moving so fast.
Ordinary people's capital is only a little. How can we proceed step by step to exchange for something that can linger a bit longer in the waves, rather than just a dream or illusion?
