alt Hacker NewsThis feels like it's becoming less and less true, good quality items are becoming so expensive now or very hard to find.
I do think it is still very true for tools though. It's nearly always worth getting decent ones, they nearly give better results or are easier to use and last so much longer.
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> The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.
The "boots" item feels less true, because expensive doesn't seem to be as correlated with "good quality" as it used to. But the general statement still very much stands.
Things like financial products that charge higher interest rates to poorer people, or services that offer discounts for paying annually rather than monthly are great examples of this. And less direct things, like being able to drive to cheaper shops and buy in bulk, or being able to do preventative maintenance to avoid a cheap fix turning into an expensive one.
It can still apply to individual items, as long as you're careful about what you buy and do your research to make sure you're actually buying high quality boots, and not just cheap ones with an expensive logo on the side.
I'm a big fan of the Harbor Freight Pareto Principle
If you're a hobbyist or doing something at home, a lot of the times you're gonna buy some random tool and only use it a few times. 80% of the time, the Harbor Freight knockoff is going to be good enough. If you use a tool so much that it breaks, then it's time to spring for the expensive and high quality version.
However you may want to go straight to the nice version for things that have safety implications (skip the infamous Harbor Freight jack stands)