I think the reason that quote has any validity is because we in the watch community are in a huge bubble, and 99% of the population has no idea what a GS watch is. A shiny bracelet and Rolex logo will “impress” most people who are not into watches.
In the enthusiast community, I agree we can debate the merits of GS vs Rolex and appreciate both brands equally.
Do ya like the Mido Oceanstar?