Where Did We Go Wrong?
<B>Editor's Introduction: </B>Thirty years ago this month, in September 1962, <A HREF="http://www.stereophile.com//interviews/66/">J. Gordon Holt</A>, lately Technical Editor of <I>High Fidelity</I> magazine, was working on the contents of the first issue of <A HREF="http://www.stereophile.com//features/708/">his brainchild <I>The Stereophile</I></A>, a magazine that would <A HREF="http://www.stereophile.com//asweseeit/711/">judge components on how they actually sounded</A>. We thought it appropriate, therefore, to use the occasion of the 1992 Summer Consumer Electronics Show, held in late May in Chicago, to invite some 200 members of the international high-end industry to a dinner to celebrate the occasion. Larry Archibald dug deep into the magazine's coffers; Ralph Johnson took time off from organizing the 1993 High End Hi-Fi Show to burn up the long-distance telephone lines faxing invitations; the conversation was excellent, the food superb, and the wine even better. Which is probably why the venerable JGH took the opportunity to remind the assembled luminaries what this whole business is supposed to be about. Here follows the text of his speech. I hope you find it as stimulating reproduced in these pages as did those who heard it live.—<B>John Atkinson</B>