Because of what's going on with the economy, I think women are realizing that maybe they don't need a closet full of clothes. They just need the right clothes.

Every woman should own a shirtdress

The minute it gets to a runway, you're tempted to do some high jinks. I don't want to show something I won't produce. I want people to wear the clothes I show.

I know what women look good in. I don't think the rules ever change.

I love fashion because it's plugged into the zeitgeist, so it's always changing. Thirty years ago, I could never have predicted I'd be where I am today, so I know I don't know what's going to happen in the next five years or the next 20 years. I have my predictions—I'm sure technology will continue to have an impact on fashion, particularly the way people shop. I think quality will be increasingly important—we're moving away from a time of fast fashion. But really, the only constant in fashion is that you must keep moving forward, otherwise you'll be left behind.

If you want to have longevity, then I think that you have to have a point of view, but at the same time still be elastic. Things evolve, the world changes, but people have to know you for who you are so they know what you stand for.

Let's be honest - look what Hollywood at 18 is.