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“Asch took from his bankruptcy an important lesson: he decided that he never wanted to record another hit record. In early 1949, he commented to an unnamed writer from People’s Songs (the newsletter of left-wing folk music) that he had “focused too much time and money on popular jazz” and from this point forward he would focus on “good records,” which would be “sold to a small circle of people who will buy them.” — Richard Carlin
Asch took from his bankruptcy an important lesson: he decided that he never wanted to record another hit record. In early 1949, he commented to an unnamed writer from People’s Songs (the newsletter of left-wing folk music) that he had “focused too much time and money on popular jazz” and from this point forward he would focus on “good records,” which would be “sold to a small circle of people who will buy them.