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well a Porsche might be a poor example because its an easily recognized symbol.

what about two men entering a trendy club and one is dressed in an off the shelf suit and a $20 watch while the other is wearing a suit that costs as much as some people's monthly paychecks and a watch to fit. Will the second man project more confidence and therefor be more successful?

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In that case, a confounding factor is that the people in the club may be able to tell the difference between the outfits. So it isn't just the second man's confidence, it's that the people there know he's willing to blow a lot of money on looks. That may conceivably affect their reactions regardless of the man's confidence.

Yes.

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