Christmas is soon approaching *ugh*
Many will feel tempted to buy watches and give them to friends and relatives. (Or even for birthdays, graduations, and other celebratory causes).
I think it is a bad idea.
We here love watches and will spend what normal people would consider stupid amounts on them. The average person would be pleased with a $200 Daniel Wellington piece of crap. (Ugh)
Economic Deadweight Loss is when we spend more on a present than what the final consumer (recipient) would spend on the same item.
Here’s more articles https://www.ft.com/content/5cb1c5c4-...a-2b93a6856354
So as much as we love watches...going to the trouble of buying one as a gift for an unsuspecting loved one is almost always a bad idea.