In this Letter, I examine several observational trends regarding protoplanetary disks, debris disks, and exoplanets in binary systems in an attempt to constrain the physical mechanisms of planet formation in such a context. Binaries wider than about 100AU are indistinguishable from single stars in all aspects. Binaries in the 5-100AU range, on the other hand, are associated with shorter lived but (at least in some cases) equally massive disks. Furthermore, they form planetesimals and mature planetary systems at a similar rate as wider binaries and single stars, albeit with the peculiarity that they predominantly produce high-mass planets. I posit that the location of a stellar companion influences the relative importance of the core accretion and disk fragmentation planet formation processes, with the latter mechanism being predominant in binaries tighter than 100AU.