Very Ralph and Paris

By jeancliclac @ Adobe Stock

On a recent visit to Nantucket, Your Survival Guy tagged along with Your Survival Gal and a friend while they shopped. It reminded me of our many trips to Paris, where one works up an appetite shuttling from one fashion house to another. What I observed on island time was how busy Ralph Lauren was on Main Street, packed with well-heeled, or sandal-clad, clientele seeking out its high-end Purple Label and Ralph Lauren Collection. What an American success story.

As a side note, Your Survival Guy and family drove by Lauren’s Colorado ranch on a ski trip to Telluride. You could tell it was his ranch by the fence that went on for miles. At dinner with a client last week, whose cousin is from Germany and works in Dubai, he told me the first place they went in New York City was Ralph Lauren for the Purple Label.

Your Survival Guy is gearing up for another research trip to Paris in October. As you read about the problems in France: the record debt, the dysfunctional government with comparisons to Italy (which is now the one in better fiscal shape), you have to wonder how big government in France digs out of this one. What’s clear is Paris will always be Paris, but it is shrinking. Venturing beyond the core arrondissements of the 8th (Le Bristol), the 1st (Ritz), and the 16th (Four Seasons George V) on the Right Bank and the 6th, 7th, and perhaps the 5th on the Left will become less desirable as the money to keep them beautiful dries up.

Action Line: Get out there and see Paris while you can because if you don’t do it this year, you’ll be a year older when you do, and be sure to visit Ralph Lauren’s flagship store on St. Germain on the Left Bank. I want to hear about your trip, or better yet, let’s talk before you go, and I’ll tell you about my favorite spots in Paris. Email me at ejsmith@yoursurvivalguy.com.

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.