I worked with a trader that made 7 figures (even hit 8 figures in his good years). We didn’t have a strict dress code in the office, but our risk manager did expect us to be dressed professionally. This trader came in with shorts, a tanktop, a hat and sandals on most days in the summer once he made it big. The risk manager didn’t dare to say a word.
I remember going out with this trader one night (we were 4 guys in total). We went to a fancy place. Men and women were looking at him as if he was some homeless dude. He turns to me and says “Let’s make a statement”. He took out his credit card and bought 6 bottles of crystal. It didn’t take long for the female crowd to shift towards our table.
I like to hit the office wearing a six-button wool and silk suit by Ermenegildo Zegna, a cotton shirt with French cuffs by Ike Behar, a Ralph Lauren silk tie and leather wing tips by Fratelli Rossetti. Occassionally, I will wear a suit by Lubiam, a great-looking striped spread-collar cotton shirt from Burberry, a silk tie by Resikeio and a belt from Ralph Lauren.
At the moment, I’m wearing a two-button single-breasted chalk-striped wool-flannel suit, a multicolored candy-striped cotton shirt and a silk pocket square, all by Patrick Aubert, a polka-dot silk tie by Bill Blass and clear prescription eyeglasses with frames by Lafont Paris.
I would submit that the real question is not ties, but vests. A vest should fit trimly around the body and cover the waistline. It should peek just above the waist button of the suit jacket. Now if too much of the vest appears, it’ll give the suit a tight, constricted look that you don’t want.
What I’ve noticed is that when people are making money for their firm and getting along with the team, it doesn’t really matter what they’re wearing.
On Thursday, I wore a gray glenpaid sportcoat and dark herringbone slacks with a white dress shirt (no pocket). Friday, I rolled into the office in dress jeans and a blue ringer tee that my kid cousin bought for me from J-Crew as a Christmas present last year.
I’m not so confident that I can pull off the shirt and jeans look every day (at least just yet), but I can’t say what I wore made any difference either day. I should also add that for the first couple months on the job, until I made any real money for my fund or earned the respect of my peers, I always dressed in my Sunday best and arrived at work 20 minutes before everyone else. I’ve definitely heard stories as former trader described where some guy can be so successful that he can roll into work in a burlap sack if he felt like it – these guys almost always earned their stripes over a long stretch of time before they got the carte blanche to do whatever they wanted.
And jeans and a polo it is today! (Lost power right before the Cowboys game, so I had to pack up and drive to the in-laws house. Missed most of the game. Dammit.)
Unfortunately, only the first half. Space was limited, and I had two kids that I needed to put to bed. Doubtful that my Tivo worked, either. (power being out and all)
Last time I was in NYC (about 2 months ago), it seemed that 2 out of every 3 women were wearing a long blouse with belt, tight black pants, and knee-high boots.
I would have respescted him more if he didnt buy the bottles. Whether you wear expensive clothes or buy expensive items, it’s the same difference to me. At of curiousity, what does 6 bottles of crystal cost at ricks?