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Buy well, buy once

fellow.ventures

261–270 of 392 posts

Re: Buy well, buy once

#261

Earlier quoted context omitted.

In case you haven't already, please consult a professional. Do yourself the favor, you're worth it. Edit: @asddubs: thanks for taking the time to share your thoughts, though you never know what reality faces the person on the other end of a link, which is why I still try. Sometimes you might be surprised. And thank you for helping get my karma back to an even number, all is well again. Your friendly friend, MD.

seems like a useless piece of advice to give to someone with that level of awareness about it.

This will probably rub you even wronger, but your defensive response here makes me think the advice was more useful than you think.

Re: Buy well, buy once

#262

I think a lot of times this philosophy is just rich people justifying paying a lot for high status items. a pair of Crocs is 50 bucks and that's one of the highest quality pairs of shoes you'll buy for the price. you could buy 10 pairs of Crocs for a $500 pair of Alden's so even if the crocs only lasted a year, it would take a decade to recoup the investment on the Alden's. but the crocs don't have the same status th…

For the shoes example, there's also value in reducing waste. 10 pairs of rubber Crocs that you throw out every year create much more waste than 1 pair of 500 dollar leather boots that can be repaired and are much more environmentally friendly when they are eventually disposed of.

100% agree about the Corolla though.

Re: Buy well, buy once

#263
post #244

Earlier quoted context omitted.

This isn’t a totally fair comparison. When people buy shoes, their criteria isn’t normally as low as “covers my feet”. They have a specific style they want, a specific material, and will shop amongst shoes that fit that description. Crocs and dress shoes are not interchangeable to a lot of people. A better comparison is to look at, for instance, Johnston and Murphy vs. Alden. Then you get a more fair comparison. For…

My criteria is maybe less fancy than other people. Covers my feet + isn’t embarrassing + durable + potential arch support + cheap. I’ve never found shoes that meet all those criteria. I’ve actually never found any shoes, ever, that were even durable or had usable arch support. So cheap + not embarrassing is pretty much the bar to cross But I learned recently that crocks have amazing arch support!

Hiking shoes are usually pretty durable and supportive.

Re: Buy well, buy once

#264

I think a lot of times this philosophy is just rich people justifying paying a lot for high status items. a pair of Crocs is 50 bucks and that's one of the highest quality pairs of shoes you'll buy for the price. you could buy 10 pairs of Crocs for a $500 pair of Alden's so even if the crocs only lasted a year, it would take a decade to recoup the investment on the Alden's. but the crocs don't have the same status th…

> Corolla etc.

Fun way to think about it (borrowed from James May): A Toyota Corolla is higher quality than a Rolls Royce. Because Toyota makes 10,000,000 vehicles per year. Rolls makes only 6,000. Meaning Toyota is better at making cars just by virtue of having 4 orders of magnitude more practice.

Re: Buy well, buy once

#265

I think a lot of times this philosophy is just rich people justifying paying a lot for high status items. a pair of Crocs is 50 bucks and that's one of the highest quality pairs of shoes you'll buy for the price. you could buy 10 pairs of Crocs for a $500 pair of Alden's so even if the crocs only lasted a year, it would take a decade to recoup the investment on the Alden's. but the crocs don't have the same status th…

$50/$500 is a 10%/year yield, which is hard come by in any guaranteed investment. The Crocs will likely have no retained value, while the $500 shoes may be worth something after 10 years. However, that ignores the cost of maintaining a nice pair of shoes (both money and time) as one needs to clean, polish, and resole every so often. You might want shoes in two or three colors/styles, which would make the Crocs last 2…

> The Crocs will likely have no retained value, while the $500 shoes may be worth something after 10 years.

This is the core of the “secret” to wearing high quality shoes at a low cost. Buy good used shoes and get them resoled as necessary. E.g. https://www.reddit.com/r/malefashionadvice/comments/1jhp8o/a...

Re: Buy well, buy once

#266

Earlier quoted context omitted.

$50/$500 is a 10%/year yield, which is hard come by in any guaranteed investment. The Crocs will likely have no retained value, while the $500 shoes may be worth something after 10 years. However, that ignores the cost of maintaining a nice pair of shoes (both money and time) as one needs to clean, polish, and resole every so often. You might want shoes in two or three colors/styles, which would make the Crocs last 2…

Oh completely agree. My beef is with this smug patronizing attitude rich people have like theyre wise for buying expensive things that will last longer and the rest of us peons should learn from these wise sages. When thats not the case at all. You want to learn how to buy quality things look at a middle class family of four wearing big old granny Kirkland panties and driving a Subaru. Their overhead on purchases is…

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Re: Buy well, buy once

#267
post #264

I think a lot of times this philosophy is just rich people justifying paying a lot for high status items. a pair of Crocs is 50 bucks and that's one of the highest quality pairs of shoes you'll buy for the price. you could buy 10 pairs of Crocs for a $500 pair of Alden's so even if the crocs only lasted a year, it would take a decade to recoup the investment on the Alden's. but the crocs don't have the same status th…

> Corolla etc. Fun way to think about it (borrowed from James May): A Toyota Corolla is higher quality than a Rolls Royce. Because Toyota makes 10,000,000 vehicles per year. Rolls makes only 6,000. Meaning Toyota is better at making cars just by virtue of having 4 orders of magnitude more practice.

Except that’s not true. So…

Re: Buy well, buy once

#268

Earlier quoted context omitted.

The area in which this drives me the craziest is furniture. I have no idea how to find high quality durable furniture. Price signals definitely aren't it, but I have no idea what signals I can look for, or where to go to find them.

You have to learn enough about how they are built and then haunt local consignment shops for good finds. It’s taken my wife and I years to slowly get pieces that will last the rest of our life.

I have two young children, I don't have time to "haunt" anything. But before we had kids we tried this with consignment stores, would spend like a year looking for some simple piece of furniture, and end up with junk anyway.

Re: Buy well, buy once

#269

Earlier quoted context omitted.

My criteria is maybe less fancy than other people. Covers my feet + isn’t embarrassing + durable + potential arch support + cheap. I’ve never found shoes that meet all those criteria. I’ve actually never found any shoes, ever, that were even durable or had usable arch support. So cheap + not embarrassing is pretty much the bar to cross But I learned recently that crocks have amazing arch support!

Hiking shoes are usually pretty durable and supportive.

[deleted]

Re: Buy well, buy once

#270

Earlier quoted context omitted.

The area in which this drives me the craziest is furniture. I have no idea how to find high quality durable furniture. Price signals definitely aren't it, but I have no idea what signals I can look for, or where to go to find them.

Design Within Reach, Herman Miller, Room & Board, Blu Dot, ...

Thanks this is really helpful. But how do I know what is or isn't junk at these retailers? None of the ones on this list have a showroom near me. And what goes in the ... ?
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