Thales Teixeira (Author & Associate Professor, Harvard Business School)
Thales Teixeira uses an example of a company started by one of his students in the luxury handbag market to explain the concept of asset utilization. According to Teixeira, items such as handbags, jewelry, watches, vacation homes, and other items tend to retain their value over time and there exists a surplus of these items already owned by consumers. He talks about how there is now an excellent market for previously owned luxury items that are meeting customers needs to make money from used items and deal with the value erosion in a positive way.
