I'm not advocating cheap tools, just tools that are fit for purpose.
When I left school I started training as a boatbuilder and kept at it just a few years until discovering that going to sea was more fun than building things to go to sea in.
As a learner boatbuilder we were expected to have at least a basic tool kit and in those days, in NZ anyway, there weren't good tools or bad tools - there were just tools so I bought what was available.
All my smoothing planes are Stanley, rebate planes are Record, spokeshaves a mix of Record and Eclipse, chisels Stanley and Marples and saws, Diston.
Since I've had these tools now for 61 years and they have had a great deal of use then I say they are definitely fit for purpose and I don't feel the need for anything better in spite of them being regarded today as only mid range. However I accept the possibility that these brands may have deterioated in build quality over the years.
And deterioation is definitely the case with power tools. Way back when, I remember just two brands, Black & Decker and Wolf. Both were ok. Recently I bought a Black & Decker drill and kept it for two days before returning it - a truly appalling piece of rubbish. I think China is what's happened to B & D and thats sad. 50 years ago I bought this B & D 1/3rd sheet orbital sander, aluminium body, made in America. It's slow speed, big orbit and so powerful you could sit on it and it would still keep going. All its had over the years is new brushes. A quality power tool from a bygone age.
When I kick the bucket these tools will go to my son and that pleases me. He does beautiful work, far better than me.