Transcript
Introduction
Dom
This is Dom Cooke, and today, we are breaking down Ferrari. Ferrari was founded in 1929 as a race team by Italian driver, Enzo Ferrari. But it wasn't until 1947 when Enzo was 50 that Ferrari sold its first car. Today, the car company is one of the most recognizable brands in the world, in large part because of its history in Formula One, where it's both the oldest and most successful team ever. To break down Ferrari, I'm joined by Brian Lum, an investment manager at Baillie Gifford.
We discuss how Ferrari went from racing team to a $70-billion business, the various ways that it's more like a luxury goods company than a carmaker and how its business model both nurtures and monetizes its famous red brand. There aren't many things money can't buy, but in many instances, a Ferrari is one of them. The ways in which the company from Maranello in Italy manufacturer scarcity is fascinating, and this conversation dives into all the aspects that make Ferrari so successful and so unique. Please enjoy this business breakdown of Ferrari.