I guess there's a reason why balding guys are so much more likely to sport beards, because it DOES compensate for hair loss to some extent. Especially if you have thick dark stubble like Jason Statham. Imagine balding as a pale guy like me with only about 20 hairs on each cheek, with a sparse nearly invisible white-blonde moustache and chin hairs. The lumberjack look isn't an option. Going bald entails eventually ending up looking like voldemort.