Wealth Stages - The analysis outlines ten stages of wealth based on watch ownership, starting from no watch and progressing through various brands [1] - Stages include entry-level brands like Casio and Apple Watch, mid-range brands like Tissot and Seiko, and luxury brands like Rolex and Patek Philippe [1] - The progression culminates in ultra-high-end brands like FP Journe and Richard Mille, with the final stage returning to no watch [1] Brand Perception - Richard Mille is characterized as "dumb money," suggesting a perception of ostentatious or unwise spending [1] - Jacob & Co is labeled as "actual dumb fk," indicating a strong negative perception of the brand [1]

Wealth Accumulation Stages - The progression of wealth is often reflected in watch ownership, starting from no watch and evolving through various brands [1] - Early stages include affordable brands like Casio, Swatch, and Apple Watch [1] - Mid-tier brands such as Tissot, Seiko, Citizen, Tudor, Nomos, and Tag Heuer represent further financial progress [1] - Luxury brands like Omega, Zenith, IWC, Rolex, Grand Seiko, and JLC indicate significant wealth accumulation [1] - Ultra-luxury brands such as Patek Philippe, Audemars Piguet, Vacheron Constantin, and A Lange & Sohne signify substantial wealth [1] - Niche and independent brands like FP Journe and MB&F represent a high level of connoisseurship and wealth [1] - Richard Mille is associated with "dumb money," suggesting conspicuous consumption without genuine appreciation [1] - The final stage is "no watch," implying a return to simplicity or a transcendence of material status symbols [1] - Jacob & Co is considered an example of excessive and tasteless display of wealth [1]