Fashion as an asset class

A FLAT WHITE might last three minutes; a bottle of fine whiskey a year if it is savoured slowly. iPhones are typically replaced after two or three years, and cars after a decade or so. Some possessions are likely to outlive you, most notably your house. Some outlast civilisations: look at Ancient Roman jewellery. Everything you own lies on a spectrum, with consumption goods, such as a coffee or newspaper, at one end and investment goods, such as a house or a diamond, at the other. In the middle are durable or “durable-ish” goods, such as cars, coffee tables and

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Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173,405 shares of the specialty retailer’s stock after selling 46,571 shares during the quarter. Fisher Asset Management LLC owned 1.93% of Sally Beauty worth $28,341,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Sally Beauty in the third quarter valued at approximately

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