Are audiophiles wasting their money on expensive gear?

Let’s face it: our “indulgences” can get expensive, so whether we go to sports events or concerts, buy flashy clothes or jewelry, gamble, drink, or take lots of vacations, those things can add up to a lot of money. Smoke a $6 pack of cigarettes every day, and you’ll see close to $22,000 go up in smoke over the next 10 years. In that context, dropping serious cash on a great hi-fi doesn’t seem out of line. Middle-class audiophiles with $10,000 hi-fis might appear to be a wee bit over the top, but for some reason the guy with the same income who buys a couple of old Corvettes or a boat is…

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