• Hi, I am the owner and main administrator of Styleforum. If you find the forum useful and fun, please help support it by buying through the posted links on the forum. Our main, very popular sales thread, where the latest and best sales are listed, are posted HERE

    Purchases made through some of our links earns a commission for the forum and allows us to do the work of maintaining and improving it. Finally, thanks for being a part of this community. We realize that there are many choices today on the internet, and we have all of you to thank for making Styleforum the foremost destination for discussions of menswear.
  • This site contains affiliate links for which Styleforum may be compensated.
  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

    Styleforum is supported in part by commission earning affiliate links sitewide. Please support us by using them. You may learn more here.

Investing in Quality vs. Senseless Waste of Money

Artisan Fan

Suitsupply-sider
Joined
Jul 17, 2006
Messages
32,196
Reaction score
378
I think gambling is a waste of money.
But enough about the stock market....

wink.gif
 

LARon

Distinguished Member
Joined
Jun 2, 2006
Messages
1,024
Reaction score
2
Originally Posted by aportnoy
#1) Just because you fantasize that you've made all the right sartorial decisions and that you somehow give off some sense of power or authority as a result is just pathetic. You're trying to make yourself feel important and justify your own decisions, it's laughable.

#2) Different strokes...people value different things and therefore spend their disposable income accordingly. Any effort to rationalize your choices over someone else's is sad and tells way more about you then your choice of tailor ever could.

#3) Buy what you can afford and brings you pelasure, the rest of this is noise.


Thus, endeth the lesson. Amen.
 

Mr.Perdition

Well-Known Member
Joined
Mar 26, 2006
Messages
52
Reaction score
0
My philosophy has always been to buy at the level of quality that I can't blame the product for my performance. So far, this has included sporting goods, tools, various other consumer items. I would rather know that it's my inexperience or lack of talent that is the problem because that is something I can work on.

Business clothing and style is something new to me. I spend a lot of time in front of clients and when I was sartorially less experienced (ie. last year before I found this forum) I was constantly second guessing what I wore and if I looked like an idiot rather than focusing on what was important: the client. My investment in clothes has been an investment in my career. Of course, that can also be me rationalizing the emotional since I simply like dressing well.

I have certainly noticed that as I become more financially well off my tastes have become more expensive. I'm still trying to keep it balanced, though. As long as I'm dressing well so that that I'm focused on what's important and not jeopardizing my financial stability, it's my answer for now!
 

acidboy

Stylish Dinosaur
Spamminator Moderator
Joined
Mar 13, 2006
Messages
19,672
Reaction score
1,555
Originally Posted by Artisan Fan
But enough about the stock market....

wink.gif


LOL
laugh.gif


To be fair, the stock market financed my acquisition this year. All hail the bull run!
 

Dragon

Distinguished Member
Joined
May 29, 2006
Messages
3,133
Reaction score
50
Never thought of clothing as an investment or a waste of money.
 
Joined
Jun 26, 2006
Messages
7
Reaction score
0
Originally Posted by California Dreamer
My Corporate Finance professor described it as a "tax on stupidity".

Gambling is just entertainment like going to the movies, a club, or a bar. Obviously, the sums involved can be much greater. But that doesn't have to always be the case. Gambling is an enjoyable activity for the vast majority of the Earth.
 

masqueofhastur

Senior Member
Joined
Nov 25, 2006
Messages
370
Reaction score
0
There are people who make their livings gambling. They know what they're doing. Keeping trying at gambling when you lose is no difference than repeatedly trying to start up a failed business, although most people wouldn't think trying to start a business is a bad thing.
 

briancl

Distinguished Member
Joined
Feb 17, 2005
Messages
1,210
Reaction score
1
Originally Posted by California Dreamer
My Corporate Finance professor described it as a "tax on stupidity".

I heard the "stupid tax" statement about the lottery a long time ago, too. There is some kind of irony when people waste their money on the lottery, only to have the collected profits go towards education.
 

LARon

Distinguished Member
Joined
Jun 2, 2006
Messages
1,024
Reaction score
2
Originally Posted by Dragon
Never thought of clothing as an investment or a waste of money.

A sensible view, and one I share.
 

grimslade

Stylish Dinosaur
Joined
Mar 31, 2006
Messages
10,806
Reaction score
82
Originally Posted by masqueofhastur
There are people who make their livings gambling. They know what they're doing. Keeping trying at gambling when you lose is no difference than repeatedly trying to start up a failed business, although most people wouldn't think trying to start a business is a bad thing.


Well, except that, unless you're making the book, someone else is setting the odds against you in a conscious attempt to take your money. This is not true in certain kinds of card games perhaps, but is certainly true in, say, sports betting. If you see it as an expense--an amount you pay for the entertainment the pursuit offers--it's no different I suppose than the opera. But betting on college football as a money-making enterprise is a mug's game. You're better off in the stock market.
 

pinchi22

Senior Member
Joined
Oct 5, 2004
Messages
444
Reaction score
4
Originally Posted by grimslade
You're better off in the stock market.

An investment is an asset that appreciates over time. The quality of a suit may please you. The marginal utility you get from it (better cloth, workmanship, etc) may exceed its marginal cost over, say, a suit from the Men´s Wearhouse. That may make it a sensible use of money, but doesn´t convert it into an investment.

Investing and gambling aren´t the same. In both cases the payoff is volatile, but the huge long-term difference is that the odds with stocks are in your favor.
bounce2.gif
 

masqueofhastur

Senior Member
Joined
Nov 25, 2006
Messages
370
Reaction score
0
Originally Posted by grimslade
Well, except that, unless you're making the book, someone else is setting the odds against you in a conscious attempt to take your money. This is not true in certain kinds of card games perhaps, but is certainly true in, say, sports betting. If you see it as an expense--an amount you pay for the entertainment the pursuit offers--it's no different I suppose than the opera. But betting on college football as a money-making enterprise is a mug's game. You're better off in the stock market.

Depends on the sport. In sports betting you just have to know what you're doing better than the other people you're playing against. The bookies set the lines, and if you can predict line movement you're doing quite well. I just bet on MMA and do well, around 20% profit each event. That's more than most people make off real estate and I can work with much smaller volumes of money. I compete in MMA as well though, so I have an understanding of it that 99% of bettors don't.
 

Featured Sponsor

How important is full vs half canvas to you for heavier sport jackets?

  • Definitely full canvas only

    Votes: 88 37.9%
  • Half canvas is fine

    Votes: 87 37.5%
  • Really don't care

    Votes: 25 10.8%
  • Depends on fabric

    Votes: 36 15.5%
  • Depends on price

    Votes: 36 15.5%

Forum statistics

Threads
506,669
Messages
10,591,153
Members
224,295
Latest member
ADANINIADWE
Top