This has been my experience in my short (and thankfully soon to end) stint in the men's clothing business. I once had a high level banking exec (I recognized him from Forbes but kept my mouth shut
) come into the store on my up. He was wearing pants from a very expensive cashmere suit (it coulda been a Kiton.
OMG), a Brooks Bros. OCBD, and a sloppily tied Ferragamo tie. I laughed because nobody else would have given him a second look. He looked like a staff auditor or a personal injury attorney who just happened to have an exceptional haircut.
I, for one, am going to see Money Never sleeps. Maybe even the midnight showing. It might suck, but I'm dying to see MD's wardrobe...and laugh heartily at Mr. LeBeef's.
Originally Posted by tokyodandy
This is true in my experience, but they don't look like shit because they are earning tens of millions of dollars a year and can afford not to worry about what people think: it's simply because most of them never did care about their looks and appearance. They didn't care when they earned $30k a year and they don't care now. That's why you get so many badly dressed buy-siders
Sell-siders generally care more and dress better but the average level is still pretty low. A lot of the top guys dress in expensive stuff but just aren't snappy dressers
; I remember thinking this when looking at John Mack up close a few years back. No doubt there are many, like Blankfein, who realise they should look less nerdy and hire somebody to dress them when they start appearing in public regularly. TD