Completely agree. People love to tout the boots theory but the reality is that the people who claim this are often far beyond the point of optimal cost. Mass manufacturing inherently allows for better value to be delivered at greater scale, which tends to occur at the lower end of the price range. Beyond a certain point you're paying for prestige rather than lifespan.

I've had the same wallet for 10 years. It cost me $16 and was made from recycled leather scraps (thanks, Phil's wallets!). I plan to use it at least another 10 years. Will the $115 wallet pushed in this article really last 7x longer than my scrap wallet? I doubt it.