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In a discussion about changing dress codes in business, it's noted that traditional suits are losing their prominence, with figures like Silicon Valley billionaires opting for hoodies. Goldman Sachs, a major Wall Street investment bank, has also decided to relax its dress code. As business leaders increasingly adopt casual attire, the question arises: does this signify the end of the suit? The speaker expresses reluctance to declare that the suit is dead, suggesting that while styles evolve, the suit's presence in professional settings may persist.