I absolutely agree and it is a nuts story. Boggles my mind that someone could do that. Combination of a few things. Gambling problems, expensive trophy wife, expected income for 5-10 years longer and was jobless basically after financial crisis so he lost a lot. His pride made it impossible for him to admit it to anyone so he essentially liked for 5-6 years as if nothing happened and continued to spend money as if he was making dough.

quote:
Most of them make very, very good money...but unless they are meeting a client, they dress like poors. It's hilarious.

Most of the people I know are like that. They don't care about the brand as long as it fits well and is comfortable. Meeting with business people they wear appropriate attire though, typically on the high end

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Posted by AbuTheMonkey

Chicago, IL

Member since May 2014

8037 posts

Posted on 5/28/14 at 1:28 pm to GenesChin

quote:
Most of the people I know are like that. They don't care about the brand as long as it fits well and is comfortable. Meeting with business people they wear appropriate attire though, typically on the high end

My brother works on the sell side in equity research for a fairly well-known bank in NYC. Some of the stories I've heard about partners openly mocking junior analysts for wearing Philippe watches or Fioravanti suits are awesome. If you walked into, say, Goldman as a day 1 junior analyst wearing $10,000 worth of crap, you'll be virtually run out the door. Contrary to popular belief, they don't take to conspicuous spending, especially by the youngins, very well.

Fit always matters a lot more than brand, at least in my opinion. I shop almost exclusively on eBay unless I am getting something that is bespoke. You can spend like a poor and dress like a rich if you know what you're doing on there.

This post was edited on 5/28/14 at 1:30 pm

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