I also think a standing mixer is a luxury, but I've upvoted everyone who's said you cannot ditch the whisk. Whisks are important. Enough said.
Many comments on this thread have been about knives. I've owned quite a few knives over the span of years of professional cooking. A really good chef knife will really only be appreciated by those who cook either professionally or really seriously as a hobby. A soccer mom who chops onions once or twice a week to cook dinner very likely won't know/feel the difference between a 50$ Whustoff or Henckel vs a $250 Shun.
The other important thing to know about knives is if you do decide to spring for a good quality blade, maintaining it is really important. Sharpening with a whetstone with the appropriate grit and honing the blade before each use will keep your sharp edge for much longer.
All in all the article is good. All-clad is hands down the best quality and most durable cookwear out there. Although I don't think using a dutch oven to make sauces is a great idea.