Does it hurt when you sell at a loss?


I've been into this audio hobby for 30 years, and I am afraid to actually tally up the money I have spent, as well as the money I have lost when I have either sold or traded in equipment. I'm sure there are other hobbies and habits that can cost quite a bit, but I have to wonder, when I see a Linn CD12 up for sale for 11k, does the original owner actually lose 9k in the process. How does everyone justify this behavior, or are we trapped psychologically somehow?
Thanks I would appreciate some feedback.
cody

Showing 2 responses by garfish

I no longer view losing money as "losses", but rather as valuable learning experiences. Example, a couple years ago I bought a nice used tube amp, used it for 30 days and sold it for $300. less than I paid. Was it worth it? Yes, every cent. I very happily went back to my big, fast, solid SS amp.

I've done that with many components, wires, PCs etc. But, I'm not totally stupid, ie I don't work at losing money in this hobby. How much would you pay for a 3 credit History course in college? How about a Music Appreciation course, or guitar lessons? Well, I see it sort of like that.

The philosophy I've used the last few years is "consider it carefully, and then never look back". Strange, but true. Cheers. Craig
Luis; I don't mind posting my feelings about tube amps vs SS-- actually, I like like both, and for some music much prefer tubes-- Jacintha, Diana Krall, and Shirley Horn smooth jazz ballads for instance.

Actually, Bob B. said it well for me too. I use and swear by a good tubed pre-amp, but I stick with my "hot rodded" McCormack amp because I listen to a LOT of hard driving Blues/Rock music that sounds best with excellent bass control, and thus good PRT. Some (including me) think that the Rev. A McCormack sounds very smooth and somewhat tube-like in the mids and low treble. And I can tell you that Steve McCormack considers it a compliment when someone says his amps sound "tubelike", especially in the mid-range. Cheers. Craig