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The secret money lesson of fashion icon Karl Lagerfeld

The death of fashion legend Karl Lagerfeld belongs on the fashion and lifestyle pages, not the financial pages — right?

After all, Lagerfeld was a well-heeled European fashion designer. He wore a pony-tail and hung out with his cat.

What could he possibly teach us about making money compared to say a “Master of the Universe” who pulls the trigger on stock deals?

Lagerfeld knew more about making money than almost any trader.

In a word: Plenty.

Turns out, Lagerfeld and his fellow fashion titans knew more about making real money than almost any Wall Street trader, hedge-fund math genius, or Hong Kong stock jockey.

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