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Lefsetz Letter

Bob Lefsetz · 12 Oct 2026

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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. There's an assumption that our musical heroes are just like you and me. They're not. And they're not like movie stars, not like politicians, not like any other performers, because they are their music, and their music speaks to us in a way no other medium does.
  2. Today the audience is as important as the act. People go to shoot selfies, to have a party, to create FOMO, whereas in the sixties and seventies the venues still had seats, and you sat in rapt attention, these were gods on stage.
  3. But the funny thing is, as much success as you have, it does not fill the hole inside that motivated you to do it. Therefore we have ultra-successful and even wealthy acts who O.D., way past the peak of their fame.

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