A gentleman's watch collection, like his car collection, should encompass different varieties of watch, suitable for different occasions.
One wouldn't drive a Ferrari to the supermarket, would one? One would take, perhaps, a G Wagon or M5. In the same way, one wouldn't countenance wearing an IWC Portofino to the beach. That would be madness. One would choose an Omega Seamaster, perhaps.
The beauty of the Seamaster is its versatility. Indeed, I wear mine as my 'every day' watch.
I would go so far as to say that a gentleman who has fallen on hard times could theoretically restrict himself just to a Seamaster and consider himself adequately equipped in the horological department.