If you had to make a bet between two things that will be available twenty years from now, would you put your money on a smart phone or a bottle of Champagne? Bernard Arnault, President and CEO of LVMH (that's Louis Vuitton Moët Hennessy), tells CNBC you should bet on the latter:
"...I have a great admiration for Apple and the iPhone. I have myself an iPhone. But can you say that in 20 years people will still use an iPhone? Maybe not. Maybe we'll have a new product of something very more innovative. But what I can say today is 20 years from now, I'm quite convinced that people will still drink Dom Perignon."