People who are accustomed to listened to music in MP3 format prefer it to other, higher quality formats. This mirrors the phonograph affectation that many audiophiles have:
I remember wondering what audiophiles were up to, buying extremely expensive home audio systems to play old vinyl records. They put turntables in sand-filled enclosures with elaborate cabling schemes. I wondered what they heard in that music that I didn’t. Someone explained to me that audiophiles liked the sound artifacts of vinyl records — the crackles of that format. It was familiar and comfortable to them, and maybe those affects became a fetish. Is it now becoming the same with iPod lovers?
One wonders whether, when MP3 is eventually supplanted by a lossless format (it’s bound to happen when we have mobile phones with a terabyte of music storage), people will preserve their MP3 files for nostalgic reasons. Or will there be an MP3 filter in software that plays music that enables you to listen to it in the manner to which you are accustomed?
The trouble with giving advice
Joel Lovell writes about the trouble with giving investment advice (professionally):
The trouble is that advice is almost always overvalued. I have an unwritten blog post in me about my general loathing of advice across the board. You’re usually better off without it, and giving advice is almost never a good idea.