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This could be the only winter coat you’ll ever need

Norwegian Wool down-lined cashmere coat, $1,995 at Saks Fifth AvenueMarshall TroyAs a sharp-suited commodities trader at a Midtown hedge fund, Michael Berkowitz was trained to assess risk. And every winter, he evaluated his lose-lose outerwear position: He could freeze in a best-practice wool overcoat or bask in the warmth of a career-killing down parka. He chose to shiver. “In that kind of environment, if you walk into a room to meet with clients and you look a little bit less professional in a big, bulky jacket with fur around the hood, people will take you less seriously even before you open your mouth,” Berkowitz tells Alexa. “For the most part, 70 or 80 percent of the guys were toughing it out with the wool coats.” Afte ...