King Of The Elite Idiots
Foo landed a rich woman? I guess that Esquire run did gain him some fame. I need to find myself of one those.Wifey is loaded
To be like Foo in that way you have to get over the fear of teh white girls!Foo landed a rich woman? I guess that Esquire run did gain him some fame. I need to find myself of one those.
Thruth is your username Thruth on SF as well? Appears you are well acquainted with SF history, but I don't recognise your username at all. If you don't want to divulge your identity, a pm would be cool. I am curious.
MVG, for future reference, you don't have to spoiler your replies if they contain photos here. The system automatically turns them into links instead of images.
Surely there must be a more flattering cut for this gent's posture?
Is this supposed to be the epitome of bespoke suiting?
I think that it all depends on where people want to spend their money.I don't really care where he gets his money from, but that's a pretty mediocre middle market shop. An associate at a Bulge Bracket won't be able to afford going bespoke, nor will most directors/younger managing directors. Banking isn't what it used to be, but even before the 2008 crisis Rubinacci would've been out of reach. Anyway, I'm glad he's enjoying his money. There are worse things he could've spent it on, and I'm certainly not going to judge him or anyone else on how they spend their money.
Is Gianni still posting on SF? If so, I agree, that is surprising. I guess that they left his account active so that he could update people on SF as to what was going on with regard to resolving orders... not that he's done that, of course.
I am rather surprised this SOB is still allowed to post
He's been posting for a few months now.Is Gianni still posting on SF? If so, I agree, that is surprising. I guess that they left his account active so that he could update people on SF as to what was going on with regard to resolving orders... not that he's done that, of course.
I think you highly underestimate the cost of living in Manhattan, especially if you socialise with lots of finance people, which is necessary if you want to get ahead. Everything is more expensive in Manhattan: the tax, the rent, the food, the drinks, etc. On $60k you won't really be able to afford living in Manhattan in the first place. A Rubinacci suit is around $6k, that is 10% of your pre-tax income, and more like 50% of your post tax, post rent income!I think that it all depends on where people want to spend their money.
Some people look at clothing, watches and the like as an indulgence, where you buy something nice for yourself once you've paid for everything else and put some money in savings. Other people view it almost as an essential purchase, something that you've got to get regardless of what other expenses you may have. Quite often such people might have very decent incomes, but they've got very little in savings and they live very close to the edge, financially speaking.
I've got no idea whatsoever what Foo's financial situation is, but simply because he works at a mid-market firm doesn't mean that he can't afford bespoke. Heck, I know people on $50-60k/yr who would easily spend $5-10k per year on clothing (including shoes, ties, shirts and so on). If they decided to spend that on one suit and one jacket, they could afford Rubinacci. It all comes down to priorities and to how important clothing is to you.
Edited to add: Think of all the young guys who don't really have that much cash but who funnel a lot of money into borrowing money to buy or lease an unnecessarily expensive car as a status symbol. Given that Foo lives in NYC, he probably doesn't have a car, so instead he funnels his money into other status symbols that matter to him - bespoke Italian clothing, made-to-order green breast wallets, Leica cameras, mid-century-modern furniture and so on.
I never thought of it like that. I just assumed they had the means to afford it. Why would anyone rack up debt to buy clothes? I suppose SF acts as enabler for many, which is why I like this forum much better. Getting bespoke suits would be very nice, but I'd rather buy my own apartment first and invest enough to secure a steady stream of income next to my salary. Maybe there should be a financial responsibility thread on SF?Without wishing to get into a verbal stoush with you, I do think that you underestimate just how willing people can be to spend money on the things that they wish to spend money on.
Maybe Foo's wife is wealthy and so he's leveraging her money to get his bespoke wardrobe, and maybe his family are quite well off, too. I don't know.
However, I do know that there are people who make stunningly short-term, myopic decisions in pursuit of their desires and that this can quite often include clothing.
The above sentence probably describes 50% or more of StyleForum members. Really, how else can you explain the vast amount that some people spend on shoes and clothes? I've got a lot of stuff, but I am a rank amateur compared to some of those people - they're picking up pairs of John Lobb Paris, St Crispins, Gaziano & Girling shoes ever few months, in between getting a couple of $3000 MTO suits, and then for good measure they'll pick up a Patek Philippe white gold watch and maybe an Audemars Piguet for good measure. That really happens, and it's not just one person. There are lots of people on SF like that. Either that means that there are lots of people on SF earning $300k or more, or there are lots of people who are living right up to or beyond their means, at least in the short-to-medium term, so as to fulfil their sartorial wishes.
Are you just talking about Foo or in general? Because peoples bills vary very widely. Assuming 45k a year per kid for private school, or even private school in general is a gigantic assumption.I think you highly underestimate the cost of living in Manhattan, especially if you socialise with lots of finance people, which is necessary if you want to get ahead. Everything is more expensive in Manhattan: the tax, the rent, the food, the drinks, etc. On $60k you won't really be able to afford living in Manhattan in the first place. A Rubinacci suit is around $6k, that is 10% of your pre-tax income, and more like 50% of your post tax, post rent income!
A good associate at a bad middle market shop will earn around $150k-$180k max, which is not enough to fly to Naples and get even one bespoke suit, let alone several and bespoke shoes as well. Hell, even living normally with several flatmates, going out twice a week for dinner and drinks, you won't save anything on that kind of money. You need at least double that to live comfortably in your own apartment in Manhattan.
No one I know that's an associate or VP at a bulge bracket, which pays significantly more than a bottom middle market shop, has anything from Savile Row, and most still live with flatmates because they can't afford to live on their own. For that matter, I don't know any directors either that get bespoke on Savile Row, and they're on $500k+. Bear in mind that if you have two kids you need to earn at least $90k a year just to pay for their private school, and you'll have to live in a 2-3 bedroom apartment without any flatmates, which increases the cost of living significantly, depending on what your wife does for a living.
Some specific about Foo, as salaries and living costs in finance are roughly similar for analyst/associate level across banks, and I do know how much it costs to live in Manhattan.The kids thing is something I've heard many higher ups complain about. After tax that roughly works out, right? (90k*.6)/2=27k per kid per year for school. Anyway, it's safe to say that no associate can afford a bespoke suit, unless they rack up debt, have other sources of income or decide not to socialise for at least a couple of months.Are you just talking about Foo or in general? Because peoples bills vary very widely. Assuming 45k a year per kid for private school, or even private school in general is a gigantic assumption.