A capsule wardrobe is built on a tight palette of pieces that play well together. Start with a statement outerwear piece - a rich fur or wool coat - and let it anchor a season of looks. From there, layer in neutral knits, tailored trousers, and a single pair of go-everywhere boots.

The trick is choosing items that serve at least three different occasions. A great coat earns its keep on commutes, dinners, and lazy Sunday walks alike.