Here we have the problem of multiple Freds. As others have pointed out, historically the term "Fred" referred to a commuter or tourer or utility rider, who might be underestimated or mocked by roadies when in fact he is as fit and skilled and knowledgeable as many roadies, or even more so. However the term has been corrupted to also refer to newbie, wannabe roadies who have naïvely overbought expensive equipment, but lack the skills or knowledge or fitness to match.