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hatchet man any longer >> the dalai lama has very interesting comments, and also a guy named jack cornfieldtalks about buddhism and that's something i'm trying to adopt. >> lvmh caught my eye. >> u.s., bad, china, good. >> thank you lvmh, the giant luxury retailer that has helped make bernard arnault very close to the richest man in the world -- >> depends on how x is doing >> not today, given a 5% decline in his ownership stake there what's funny, jim, is that a reflection of a top end of the u.s. consumer? they're not buying cognac anymore, apparently, and it was the u.s., not china, where we would have expected things would have been weaker, that contributed to a number that was not as good as expected. >> people are shying away from premiumization the other day, robert frank had a really fantastic piece, very, about the decline in high-end auctions really staggering. there is a high-end strike, which i have not been able to figure out why are the people who are really wealthy in this country not spending as they used to we don't have an analysis, but it's worth looking because what's ke