In fact, pretty much everything I own is either "the best" or "the worst" -- no middle ground. I identify the very few things that really make a difference to me (my laptop, my stereo, my kitchen pots & pans & knives, my jeans) and buy the absolute best I can afford. And I identify the things I don't really care about (the rug, the chairs, most kitchen utensils, my T-shirts, my toilet brush, my bike) and buy the absolute cheapest -- disposable, really.
So the real point is -- avoid the middle ground, which is muddled/confused life priorities. Do your best to figure out what actually matters and what actually doesn't, and spend accordingly.