In the realm of loudspeaker reviews, John Atkinson's measurements and my empirical observations have one important equivalency: Both are meaningless abstractions until confirmed by your listening experience.

Both are contingent on factors that are necessarily obtuse and not especially controllable.

One of my biggest surprises since I became the editor of Stereophile—and so started focusing more on all things audiophile—is how often I find myself thinking about the ethics of this hobby. This is unusual for me: I dislike moralism and prefer aesthetics to ethics.

This is the 100th and—surprise!—final edition of Music in the Round. MitR began in mid-2003, shortly after SACD and DVD-A discs made high-quality multichannel music convenient and widely available. At the time, I was convinced that multichannel reproduction was superior to stereo because it was able to reproduce the full sound of the performance—not just the performers. Stereophile's founder, J. Gordon Holt, had promoted this idea many times, but the appearance of the new media finally brought it to a wider audience.

Let's talk about management styles. If you want to run a successful small business, you must first be happy. If your personal goals are to learn and to discover, and you combine those with an intrinsic need to share your achievements and connect with people in your chosen field, you are likely to succeed. Given those qualities, if your business goal is to provide desirable goods and needed services, you will not fail.