alt Hacker News> He also was dressed sharply.
As I said, it's context sensitive.
Personally, I stopped dressing nicely at work after way too many people assumed I'd throw ethics at the trash and do what they say for the hint of a small promotion. Weirdly, that never stopped the people that actually wanted to do things from talking with me.
But if you are talking to (potential) customers, the calculation is completely different.
In order to fit in with your peers, it's best to dress like them. But on the higher end of the range.
For example, when Obama would talk to union workers, he'd wear jeans. But a pretty nice pair of them.