Dump Your 401K, Invest in records


Great article today in the Wall Street Journal:

http://online.wsj.com/article/SB10001424127887324263404578611910431238662.html?KEYWORDS=kallman

Man, 700,000 records, the way to go.
buconero117
Wow, $35k for a piece of vinyl - you gotta be out of your ever-lovin' mind...

-RW-
Our hobby pieces are not an investment. Most of these pieces drop in price the minute you buy them, and that goes for vinyl records. You might have a couple pressings that are classics but the other 99.99% will be worth .10 on the dollar. I still buy used albums in mint condition for $3and $4 each.

Also, its a bunch of bs that there will be a stock market crash, maybe in the next 100 years.
How ironic that most of Atlantic reissues are garbage, at least the cheaper jazz reissues, just like the rest. Of all people, with 750,000,000 records, he should know what a well-recorded, well-pressed vinyl record should sound like. At his salary, he can certainly afford a good analog system to appreciate good sound. After reading this article I'd fire him...

This article actually made me rather depressed. The top executive of a major recording company holding himself up as a huge vinyl fan with an insane number of records doesn't even care about the quality of his company's pressings. Depressing.