My friend has improved at playing the guitar. Particularly during lockdown this year he has spent time learning, recording and sharing songs online. His repertoire has grown. An investment in his own musical skills which will pay off many times over.
His efforts got me thinking about investment in music. The result is a scattering of options in the form of a blog post. Here are a few random thoughts and discoveries from looking at investment options in music.
There’s a company called Hipgnosis which recently listed on the London Stock Exchange. It buys up music catalogues from artists or other owners with the view that the IP will retain its value and pay back the investment over time as the songs continue to sell. You can buy their shares on the LSE today.
In March 2008, Anchorage Capital Partners announced The Guitar Fund, a $100M fund investing in the rare and vintage guitar market, citing an average annual return of over 31%, according the ’42 Guitars’ tracking index. I would find these sorts of guitars impossible to let go of, and very stressful to keep with toddlers running around my house wielding weapons and generally destroying everything in their wake.
Music Memorabilia can also be a source of alternative investment income or growth if you have the time and the inclination. There is a market for almost anything touched by a rock star. Proof of the rock n roll connection is often the hard part. I have some signed pics of Clapton, Beach Boys, BB King and Aerosmith. Hopefully the signatures are all real. How would I ever find out?
As a teenager I used to think I would listen to my walkman for the rest of my life. It was so essential to me – the cassette tapes I had painstakingly curated, the stock of fresh AA-size batteries, the headphones I found in an airport in England. The ritual of plugging it all in and pushing play. It just didn’t get any better.
One day in my early 20s I found my dad’s LP collection and an old hifi setup. I heard classics like Otis Redding and Springsteen in such clarity and power. Besides the fidelity, there was the long beautiful process of choosing the record, cleaning it, playing one side through and flipping it over, reading the liner notes, poring over the album covers, adjusting the needle and the audio settings. A new ritual was born. My life changed.
Now in my 30s I have my iPhone and an Apple watch. New tech, new ritual. I can call up any song I want no matter where I am. The digital liner notes are getting better every day and the sheer convenience of Bluetooth and music on the go is changing my life again. Don’t even get me started on Spotify’s daily mix and discover weekly playlists. That revolution in curation is a topic for another post.
Older forms of technology can all still be used of course. And often they retain their original power even though the convenience factor is low. Vinyl has made a come back. Audiophiles also tout the benefits of CDs and cassettes. For me this means I now have an arsenal of ways to access the Music drug. The music is the constant, Platonic form while the tech revolves and morphs around it in a clumsy, circular dance.
Perhaps one day the headphones will be nothing more than chips in our brains. A neuralink device Elon Musk sells for a fee. What might a music listening ritual look like for this scenario?
I get comfort from the fact that the music never changes. Taste and quality may vary, but a song is a song no matter what. The catalogue keeps on growing, but the essential form and function of a song is set. It is information in the form of a sound wave being received by the brain. Only the tech for delivery varies.
When I was a boy, my mother used to sing in a choir. She would go to evening practices and perform classical pieces such as Handel’s ‘Messiah’. At the time it was not so obvious what the appeal was. I could see how the Beach Boys and the Rolling Stones had an effect, but the slower and more formal music seemed all too stuffy, dull and boring. My friend and I were once dragged to a concert which we filmed, adding a tagline to the video which read “Party Time” sarcastically. We were bored boys.
Nowadays I am just beginning to understand the appeal of classical music. It can be magnificient. Uplifting. Lush.
One thing it requires is patience. If you can turn on a piece of classical music and just sit still and listen, before you know it you are loving the feelings, emotions, harmonies. Like a painting laid out infront of you it becomes the only thing that you have in your head. Sometimes it takes away the rest of the world. These moments are just lovely and unique to the genre for me.
I have just found Spotify’s Classical section and highly recommend the following playlist:
The garden waste piles up each week in the corner of the property. Each time the gardener cuts the grass, sweeps up the leaves, or cuts down a branch he puts the waste into bags, and these bags pile up until a truck is organized to cart it off for composting. As the owner of the property this system can stress me out. Watching the relentless growing piles of waste sometimes feels like one of those awkward “white lie” situations – you know the one – you’ve told a little lie or made a transgression which is never confessed. The lie gets bigger and bigger, worse and worse until there is inevitably a release. Either you and your lie are found out, or you tell the truth. The pickup truck taking the waste away feels like eventually telling the truth.
Great music is just like my home’s waste management system. When a song is well written, a tension builds for the listener. The verse builds up to the chorus. The verse places bags of musical notes and dead ends in the corner of the listener’s head. Repeated phrases and hooks. A story in need of some resolution. Eventually the tension is too great and a switch to the chorus is like a clearing out of all the accumulated rubbish. The verse is the lie and the chorus is the truth.
This is most obvious for me in blues music. Think of Muddy Waters’ “Hoochie Coochie Man”. The verse is simple and repetitive to the point of ridicule. The harmonica’s five notes over and over moaning and groaning that Something huge is coming. Trust me he’s coming. Gypsy woman told my momma. Muddy is coming. Just now……Wait for it. It’s almost unbearable until Muddy grants us sweet relief with “But you know I’m here!” The chorus plays and all the rubbish in our mind is cleared away. Then the cycle starts again with verse 2. What a song.
I set up my third (I know!) Amplifier today in the man cave. It is the only Grade A amp I own and it is now doing the LP player duties. This means my streaming amp has been relegated to an “Input AUX” on the class A amp. Audio talk, but it got me thinking about priorities.
If you have many responsibilities in your life, and you are struggling to handle all the input signals and get all the outputs you want – then maybe you need to focus on the quality / important inputs and relegate the other stuff. Sort out the important things first and only then look to do anything else.
At the moment, my life is a list of important things and little time for recreation. Being conscientious and organised about priorities is perhaps one of the hardest things for me, but when I do it, it reaps instant rewards.
In the audio analogy, I sorted out the wheat from the chaff, the high res from the low bitrate, the analogue from the digital, the good from the crap – and this means I am now experiencing the best audio source (LP’s) through the best amplifier, and the others are taking a back seat for another day.
It’s not much of an analogy, but the bigger point is that life is about options and sacrifice. You have to choose your sacrifice. Choose it wisely and complete the plan. Then reassess.
The pixies as a band passed me by. I was a little too young and a little too stuck in east Africa for their first few albums to make any impact on my life. However, the beauty of music streaming services now is that I can dig into all the rich history.
I sometimes wonder why as a society we make all this new music when there is so much to discover in the back catalogues. Maybe they should put a moratorium on new releases until everyone has caught up with listening to everything ever released to date?
If you listen to music, you have chosen not to do something else. Sacrifice.
In western culture today the idea of sacrifice is often over dramatized. The words conjure up images of lambs slaughtered, pain, blood, sweat, tears. What is not often explained or acknowledged is how sacrifice happens every second of every day. It is fundamental to achieving anything. It is something we should get our heads around and I think it is something many of us deny exists.
With music and Hifi this means we must choose what to sacrifice in the quest for audio quality and listening. Perhaps we need to eat beans and water for a few weeks to afford those new speakers. Perhaps we choose to listen to an album rather than play sport or talk to our kids. You can have your listening room in the house, but you’ll need to give up on the big social lounge.
Everything is a sacrifice of some sort. And that is the dance we are all doing! 🐵🎧
If you are stuck browsing the internet through the bubbled lens of Twitter or Facebook. It all seems like evidence of people living the way you would like them to live, but it all seems so far away.
If this is you, it might be interesting to search for a someone near to you who is in sync with your point of view and then go and interact with that person face to face.
In terms of audiophiles, it is easy to surround yourself with the videos and images of instagram showing hugely expensive systems, all set up perfectly. However real life is a lot more messy. There are normal everyday people behind that industry, trying to make their music sound the best they can. Find a hifi store, a vinyl market, a local audio visual consultant and interact with them.
They might even need something you have to give, and away you go. You’re part of the community now, and away from the bubbles.
It’s not cool to care. Generally, those who care deeply about something are a pain in the butt for those who would rather brush over the details and move along to the next thing with as little fuss as possible.
If you are happy to take the music that is fed to you, that’s fine. Spotify has you covered. You will likely never annoy anyone with your opinions, the cost of your listening equipment, or the attention you give to the sound in your ears.
However, if you care about what you hear – if you appreciate the art involved in making a song, if you are curious about where a piece of music comes from or what is available that is not on the charts or in the format everyone is used to – get ready to meet some resistance.