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Cartier Santos F-Tier. I'm pretty sure this watch comes with a ticket to a mid-level cruise, an all you can eat buffet, and the lanyard you could wear around your neck. Panerai Luminor D Tier. I used to love these watches. I had a California dial Radiomir in the early 2000s. Back in the day, wearing a Panerai felt like you were an insider. Now, if you wear one, you're probably getting kicked out of the party. The quality went down. Depreciation on these watches is insane. You don't need to go to the opera. Panerai is an Italian tragedy. JLC Master Control Chronometre C Tier. It just debuted at the Watches and Wonders 2026. This thing is insane. Don't forget that JLC used to make the movement that went in the Royal Oak and the Nautilus. Oh, and Vacherons and the new integrated bracelet looks beautiful. The only reason this isn't higher is there's no track record and I like market data. Rolex GMT-Master II B Tier. In the year of our Lord 2008, I bought one of these bad boys. I wore it under my desk when I bought Lehman and I slept with the thing on my wrist for ten years. If you travel, this watch actually has a purpose. Rolex Daytona A Tier. The movement is exceptional. The racing heritage is very real. But the problem is, these things are everywhere. If you go on vacation and all your friends are wearing these, congratulations. You're rich. Good luck getting one at retail. Lange A Tier. If you are buying this watch, you are a savage. They don't even have a steel option. Here's a test. Turn around your wrist and if you're wearing a Lange, you own the company. Vacheron Constantin Overseas S Tier. This is the most accessible entry point into the holy trinity of watchmaking. This is the watch you buy for yourself when you stop caring about impressing other people. It pairs especially well with a vintage Porsche and a cigar. Go ahead, make yourself a martini and tell the interns they're working late tonight. I like watches, but I love the market. If you want to get my financial hot takes in your inbox, just comment "LETTER" below I'll send you the link.